Economists suppose that there are various
buyers and sellers in the marketplace which means that competition is
everywhere in the market which in turn allowed price to change in reaction to
changes in supply and demand. In Economics, there are some market structures that
describes how each structure compete in a different competitive situation.
Monopoly is one. Monopoly is one of
the market structures whereby there is one producer or seller which means, the
industry is the single business. This market structure prohibits others from
joining the market when a company has a patent or copyright.
Oligopoly is another market
structure where there are chosen few firms that make up an industry. Both market
structures have high barrier entries where competing markets for share are
interdependent as the consequence of market forces.
Answer:
C.
Explanation:
The lender lawfully denied the application because the applicant was under 18 and therefore was too young to legally sign a contract.
A 16 year old is not up to the age to sign a contract and even at that Every lender has their own requirements for approving a loan. And for a person who is just 16 getting a loan approval is going to be near impossible except it is done with the cosignature of a parent. This is because several checks are usually done before a loan is approved and a 16 year old may not pass all of them.
Ethical standards would most likely to be considered violated if team logos deals with the company in a developing nation that – consistently transgresses environmental and labor laws.
Environment standard ethics?
According to the definition of environmental ethics, it is a branch of ethical standards that deals with how people value and interact with the environment, including other species that reside there. However, even before agriculture was formed, people were contemplating their relationship with nature. Environmental ethics as a topic of study didn't begin to take off until after the industrial revolution when incorrect exploitation of natural resources started to significantly influence the environment. Environmental ethical is divided between two opposing points of view. According to anthropocentric ethicists, human interests should take precedence over those of nature. Ecocentric ethicists see intrinsic value in nature's existence and hold that harming it, despite the fact that it is non-human, is wrong. It's crucial to keep in mind that anthropocentric and ecocentric thinkers frequently arrive at the same conclusion but for different reasons. For instance, the same forest in central Canada is protected under both eco-centric and anthropocentric viewpoints. The eco-centric viewpoint believes that the forest has a right to exist, unaltered by mankind, and desires to preserve it for its inherent, non-human value.
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Profits will increase if resource prices are fixed and the product selling price rises
Answer:
Option (a) is correct.
Explanation:
Given that,
Net income = $600,000
Difference between fair value and carrying value = $112,500
70%-owned subsidiary of Pickle Corporation.
Non-controlling interest in net income:
= [Net income - Difference between fair value and carrying value] × 0.3
= [$600,000 - $112,500] × 0.3
= $487,500 × 0.3
= $146,250