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
Alexxx [7]
3 years ago
7

A "price taker" is a firm that Question 8 options: does not have the ability to control the price of the product it sells. does

have the ability, although limited, to control the price of the product it sells. can raise the price of the product it sells and still sell some units of its product. sells a differentiated product. none of the above
Business
1 answer:
Masja [62]3 years ago
6 0

Answer:

Does not have the ability to control the price of the product it sells

Explanation:

A price taker is a firm that doesn't have the ability to control the price of the product they sell.

Price taker exist in a perfectly competitive market where individual firms cannot dictate prices of goods and services.

A perfectly competitive market is characterised by

1) presence of large number of buyers and sellers.

2) There is free entry and exit.

3) Sellers sell homogenous product, that is, identical product.

4) Buyers have access to information.

In contrast to price taker, we also have price makers who have the ability to control the prices of product they sell.

You might be interested in
The following accounts and their balances appear in the ledger of Goodale Properties Inc. on June 30 of the current year: Common
Katyanochek1 [597]

Answer:

Explanation:

Particulars                                                                                  Amount

Common stock $15 par value                                                   594,000

Paid-In Capital in Excess of Par—Common Stock                  <u>    15,840</u>

Total Paid-In Capital                                                                  609,840

From sale of Treasury stock                                                24,400

Add: Retained Earnings                                                            932,000

Deduct: Treasury Stock (645 shares)                                 <u>12,255</u>

Total Stockholders' Equity                                                     1,553,985

3 0
3 years ago
True or false? one of the most common reasons for stopping an exercise training program is injury.
Mama L [17]
Truth cause it may do to doing the activity wrong..or body ain’t conditioned right for it
3 0
3 years ago
Read 2 more answers
The City of Ruth has been awarded a $1,000,000 federal expenditure-driven grant to improve bike trails. The federal government a
lidiya [134]

Answer:

correct option is a) $182,000

Explanation:

given data

federal expenditure = $1,000,000

advanced the city =  $600,000

city incurred qualifying expenditures = $418,000

solution

we get here Ruth recognize as unearned revenue for its fiscal year ending that is express as

Amount to be recognized unearned revenue = advanced the city  - city incurred qualifying expenditures   .......................1

put here value

Amount to be recognized unearned revenue = $600,000-$418,000

Amount to be recognized unearned revenue = $182,000

so correct option is a) $182,000

5 0
3 years ago
An ad agency creates two ads for a particular car. one stresses the car's safety and gas mileage; the other simply shows how fun
muminat

Answer:

Central, Peripheral

Explanation:

The advert is intended to highlight the pros of the particular car. However, the ad agency recognizes that to convince prospective buyers they must explore different options to persuasion. The car's safety and gas mileage are the Central Route. The driving fun is the Peripheral

3 0
3 years ago
Airline Accessories has the following current assets: cash, $96 million; receivables, $88 million; inventory, $176 million; and
garri49 [273]

Answer and Explanation:

The computation of the current ratio and the acid ratio is shown below:

The current ratio is

= Current assets ÷ current liabilities

= ($96 + $88 + $176 + $12) ÷ ($86 + $29)

= $372 ÷ $115

= 3.23 times

And, the quick ratio is

= Quick assets ÷ current liabilities

= ($372 - $176) ÷  ($86 + $29)

= $196 ÷ $115

= 1.70 times

Hence, the current ratio and the acid-test ratio is 3.23 times and 1.70 times respectively

5 0
3 years ago
Other questions:
  • If you visit diamondsforever, you can design your own ring. This site, which is operated by Engaging Engagements, then allows yo
    9·1 answer
  • Harrison Co. issued 13-year bonds one year ago at a coupon rate of 8 percent. The bonds make semiannual payments. If the YTM on
    8·1 answer
  • If you have an offer that’s targeted towards your leads in your database and wouldn’t provide as much value to your customers, w
    15·1 answer
  • g An increase in taxes when the economy is above full employment ​ ______ aggregate demand and real​ GDP, and the price level​ _
    15·1 answer
  • Rhett made his annual gambling trip to Uwin Casino. On this trip Rhett won $250 at the slots and $1.200 at poker. Also this year
    5·1 answer
  • Dawson Toys, Ltd., produces a toy called the Maze. The company has recently established a standard cost system to help control c
    7·1 answer
  • sykes company has sales revenue of $585,700. Cost of goods sold before adjustment is $335,900. The company's actual manufacturin
    7·1 answer
  • Scott and Laura are married and file a joint tax return. Laura owns a sole proprietorship (not a "specified services" business)
    6·1 answer
  • March 15 current year: Erin created a new inventory item named Birdbath April 20 current year: Erin bought 80 bags of mulch for
    10·1 answer
  • The​ ________ is the optimum budget to managers that plan revenues and expenses at different sales volumes.
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!