1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kolezko [41]
3 years ago
9

In perfect competition, the demand faced by a single firm is perfectly rev: 06_26_2018 Multiple Choice elastic, because the firm

produces a differentiated product. inelastic, because many other firms produce the same standardized product. elastic, because many other firms produce the same standardized product. inelastic, because the firm produces a differentiated product.
Business
1 answer:
LuckyWell [14K]3 years ago
3 0

Answer:

elastic, because many other firms produce the same standardized product

Explanation:

A good has perfect price elasticity when a change in price leads to an infinite change of quantity demanded.

A perfect competition is when there are many buyers of homogenous goods and services. The sellers are price takers; prices are set by the market force.

A perfect competition has perfect price elasticity because goods sold are standardised and identical with other goods in the market. If the seller increases its price, it's demand would fall to zero as consumers would shift demand to other subsituite goods.

I hope my answer helps you.

You might be interested in
What key features should you point out when demonstrating 2022 kicks’ efficient performance?.
SVETLANKA909090 [29]

Xtronic CVT, D-step transmission tuning and 1.6-liter DOHC engine are the key features to point out when demonstrating the  kicks’ efficient performance.

<h3>What is the Kick efficient performance?</h3>

The vehicle's efficient performance is a features that aims to increase the performance of the car engine while being driven.

Hence, the key features to point out when demonstrating the  kicks’ efficient performance includes:

  • Xtronic CVT
  • D-step transmission tuning  
  • 1.6-liter DOHC engine

Read more about efficient performance

<em>brainly.com/question/17370171</em>

6 0
2 years ago
Prometheus Corp. is a large-scale manufacturer of consumer electronic gadgets. As part of its performance management system, Pro
myrzilka [38]

Answer: Critical success factors (CSFs)

 

Explanation:

 The critical success factor is one of the management element that helps in achieving the organizational main goals and their mission in an organization.

The main aim of the critical success factor is that it helps in evaluating all the key factor in the company for increase the performance and also helps in accomplishing the given task.

 According to the given scenario, the Prometheus corporation is one of the large electronic manufacturing firm and each employee of this company contributing in the profits as it is categorized as critical success factor.

 Therefore, Critical success factors (CSFs) is the correct answer.  

6 0
3 years ago
When Home Movies Inc. opened stores in other countries, it increased the company's international market share. Home Movies took
olga55 [171]

Answer:

<h2>In this instance,Home Movies Inc. took advantage of market expansion opportunity to enhance market share.Hence,the correct answer is market expansion.</h2>

Explanation:

In Microeconomics,the practice of market expansion refers to the enhancement of business activities or selling of goods and services into newer sections of the market which encompasses factors such as demographic,economic,geographical,social etc.In this context,the geographical expansion of market can possibly include international markets as well as long it can comprehensively cover the desired consumer group which can lead to higher revenue generation and potential market share.It is an extremely formidable economic strategy for any business organisation or company to expand the consumer accessibility by tapping into new geographical areas in the global or international market.An effective market expansion,however, requires a thorough and considerable market research with a specific emphasis on the the potential new markets that the existing business can easily reach and the new consumer base in those markets who will most probably like the products and/or services sold by the business based on various preferential attributes.This can evidently generate immense opportunities for sales and overall economic growth.

6 0
3 years ago
A code of ethics: a should be kept confidential from a firm's employees. b should be limited to a list of dos and don'ts. c shou
charle [14.2K]
<span>The correct answer is (d) should be in written form to avoid confusion. A code of ethics that is simply verbal can lead to a lot of confusion as employees will not actually know it entirely. Being in written form allows everyone in the company to refer to it and follow it.</span>
6 0
2 years ago
The financial statements of Friendly Fashions include the following selected data (in millions):
Anni [7]

Answer:

Friendly Fashions:

Ratios Calculations in 2018:

1) Return on Equity = Net Income divided by Equity x 100

Return on Equity = $170/$1,780 x 100 = 9%

2) Return on the market value of equity = share price/average shares outstanding = $8/710 x 100 = 1.12%

3) Earnings per share = Net Income divided by average shares outstanding = $170/710 = $0.24

4) Price-earnings ratio = Market value per share/Earnings per share = $8/$0.24 = $33.3

Explanation:

1) Return on Equity: The return on equity is a measure of the financial performance of an entity, which evaluates the effectiveness of management in using assets to create profits.

2) Return on the market value of equity: This measures the profit yield on the stock market capitalization.  It measures the intrinsic value of a stock by comparing the share price to the number of shares outstanding.  It is also called the market capitalization.

3) Earnings per share: This is a measure of a company's profitability.  It can be used as an indicator to pick stock to buy.  To determine the net income used for this calculation, it is necessary to deduct the dividend of preferred stock, where it exists, before arriving at the net income.

4) Price-earnings ratio: This company valuation method measures the share price relative to the earnings.  It is also called the price multiple and earnings multiple.  It shows how much an investor can pay in dollars in order to earn a dollar of earnings.  It also indicates if a stock is overvalued or undervalued.

8 0
2 years ago
Other questions:
  • Full-Sole Shoes concludes a counterpurchase agreement with Japan for which it receives some counterpurchase credits. Full-Sole S
    8·1 answer
  • At the price of $5 per pack of batteries, Duracell sells 10,000 packs of batteries and Energizer sells 15,000 packs of batteries
    7·1 answer
  • The Atlantic Division of Start Production Company reported the following results for 2020: Sales $5,500,000 Variable Costs $2,20
    9·1 answer
  • What are the weak points of economic costs that are part of a free enterprise economy?
    15·2 answers
  • Charlie Stone wants to retire in 30 years, and he wants to have an annuity of $1,000 a year for 20 years after retirement. Charl
    5·1 answer
  • Exercise 6.6 Closing entries. LO 6-1 The ledger accounts of AXX Internet Company appear as follows on March 31, 2019: ACCOUNT NO
    6·2 answers
  • Jorge Company had the following transactions during 2017. • Sales of $4,500 on account • Collected $2,000 for services to be per
    8·1 answer
  • Marcus can afford a monthly mortgage payment of $900. If he is eligible for a 30-year, 5% mortgage (where the mortgage factor is
    10·1 answer
  • Dazzle, Inc. produces beads for jewelry making use. The following information summarizes production operations and sales activit
    9·1 answer
  • Which consideration must a society address when deciding for whom to produce a potentially scarce or limited resource?
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!