Describes a market where there is immense competition due to the absence of barriers to entry. This means there are many small firms competing in the market, none of which has any power to influence market supply or price.
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Answer:
E. Core; flexible
Explanation:
Georgia Crane is allowed to create her own work hours on a limited basis. She must be a work from 9 a.m. to 11 a.m. and 1 p.m. to 3 p.m. every day which represents CORE time, and we can choose which hours she will work between 8 a.m. and 6 p.m. around the required hours, which represents FLEXIBLE time. The total required time is eight hours per day.
Georgia Crane is required to work 8 hours in a day.
The core time is the time which is important for Georgia Crane to be at work every day, that is, from 9am to 11am( 2hours) and 1pm to 3pm(2 hours).
That is a total of 4hours.
She can choose between 8am to 6pm as flexible time.
Recall that she needs a total of 4hours more to complete her time for the day.
So 9am to 11am is fixed, 1pm to 3pm is also fixed.
Her total flexible hours for the day 8am to 9am( 1hour), or 11am to 1pm(2hours), or 3pm to 6pm(3hours).
Total flexible hours is 1+2+3=6hours
She is required to choose 4hours from the total flexible 6hours that is most convenient for her to work.
Answer:
d. the supply of financial capital comes from savings, and the demand goes to making loans.
Explanation:
Capital markets refer to the areas where deposits and investment are transferred between the capital providers and others in need of capital. Capital markets consist of the main market, where new shares are released and exchanged, and the secondary market, where already issued securities are exchanged by investors.
Answer:
C) breaks even.
Explanation:
Cost-volume-profit analysis is also known as the break even analysis, it is an important tool in predicting the volume of activity, the costs to be incurred, the sales to be made, and the profit to be earned is. It is used to determine how changes in differing levels of activities such as costs and volume affect a company's operating income and net income.
Hence, if revenues are greater than total variable costs of production but less than total costs, a firm breaks even because the amount of money being generated is greater than the cost of running the business.
Answer:
Option (c) is correct.
Explanation:
Given information indicates that there is a positive relationship between the price of the good and the quantity supplied of that good. This means that as the price of the good increases then as a result quantity supplied also increases.
When price changes from $3 to $3.20, then quantity supplied increases by:
= 600 - 540
= 60 units
When price changes from $3.20 to $3.40, then quantity supplied increases by:
= 650 - 600
= 50 units
When price changes from $3.40 to $3.60, then quantity supplied increases by:
= 700 - 650
= 50 units
When price changes from $3.60 to $3.80, then quantity supplied increases by:
= 720 - 700
= 20 units
When price changes from $3.80 to $4.00, then quantity supplied increases by:
= 730 - 720
= 10 units