Answer:
all firms produce and sell a standardized or undifferentiated product
Explanation:
A perfectly competitive market is a market in which there are many companies that offer the same product, there are not entry barriers which makes it easy for an organization to enter or exit the market. Also, the companies are not able to influence the market and they are not able to control the conditions in it. According to this, the answer is that in a perfectly competitive market, all firms produce and sell a standardized or undifferentiated product.
Answer:
The client is in the exhaustion stage of the general adaptation syndrome.
Explanation:
The 3 stages of the General Adaptation Syndrome are Alarm reaction, Resistance and Exhaustion.
The characteristic properties of each of the stage are different: For example
- The person experiences, either higher rate of stress or adrenaline rush through the body in the 1st stage.
- The person experiences frustration and anxiety in the second stage which is the Resistance stage.
- While there is excessive fatigue in the 3rd stage which is exhaustion.
As the client is showing the symptoms of fatigue, thus this is the 3rd stage, i.e. exhaustion stage of GAS.
When solving a present value equation using a financial calculator, the years for compounding should be entered as the n value on the financial calculator.
This n value from the question tells us is the number of years for compounding. That is also known as the number of periods.
If what the person is calculating is the loan values, then n has to be calculated based on the number of payments.
For example if a person wants to calculate a 12 year loan that that is to be paid monthly,
n would be 12*12 = 144
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