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Akimi4 [234]
3 years ago
13

Which of the following describes the difference between the demand faced by a firm and the demand faced by an industry? A. the d

emand facing individual firms tend to be more price-elastic than those for the entire industry. B. the elasticity of demand for a firm and for an industry is the same. C. the demand facing individual firms tend to be less price-elastic than those for the entire industry. D the income elasticity of demand faced by a firm is higher than the income elasticity of demand faced by and industry
Business
1 answer:
Travka [436]3 years ago
8 0

Answer: Option (A) is correct.

Explanation:

In an industry, there are large number of firms and price is determined by the market forces. Price is more elastic in case of single firm as compared to the industry which consists of many firms. This is due to the influence of the single firm on the price level. Suppose there is a competitive market conditions means that there are large number of buyers and sellers. So, if an individual firm tries to increase their product prices, then this will results in zero demand for their product or very minimal demand because equilibrium market price is lower than the individual firm's price. Therefore, demand faced by a single firm is more price elastic.

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A rational person does not act unless a. the action makes money for the person. b. the action is ethical. c. the action produces
Natali [406]

Answer:

d. the action produces marginal benefits that exceed marginal costs.

Explanation:

The rational person is the person who takes the decision with keeping in mind about its future events and in practicable in nature instead of the emotional nature

When a company earns a net income, its revenue is more than its cost

So a rational person does not act unless when the action generates the marginal benefits that are exceeded from the marginal cost.

3 0
3 years ago
Assume you own shares in Walmart and that the company currently earns $4.80 per share and pays annual dividend payments that tot
larisa [96]
8.90 i think hope this helps!?
6 0
3 years ago
Wainright Co. has identified an investment project with the following cash flows. Year Cash Flow 1 $ 850 2 1,190 3 1,450 4 1,600
Mashutka [201]

Answer:

 $4,238.05  

Explanation:

The computation of the present value is shown below:

Years  Cash flows   Discount factor @7%         Present value

1           $850.00  0.9345794393              $794.39  

2          $1,190.00  0.8734387283              $1,039.39  

3           $1,450.00  0.8162978769              $1,183.63  

4           $1,600.00  0.762895212              $1,220.63  

Total present value                               $4,238.05  

8 0
3 years ago
____ is a small category that refers to the goods produced by one business that has yet to be sold to consumers, and are either
lapo4ka [179]

Answer:

The correct answer is: Inventories.

Explanation:

Inventories are real and concrete assets, that is movable and immovable property. These form the commercial flow of a person or a company. These goods are for sale, hence the commercial nature, or for the consumption of goods and / or services. Inventories are made in a certain period of time.

If a company is commercial, its livelihood is always buying and selling, that is, the exchange of goods and services. With the inventory, the company has an exhaustive control of merchandise during the commercial period, and at the end of it it has the “final balance”, that balance is comparable with that of other years and serves to draw conclusions and from there take certain actions depending of the result. When the goods are being counted for a certain economic period, it is necessary that they appear in the “Current Assets” group, this means that it is all merchandise at the cost that is in the hands of a company.

The concept of inventory has to do with accounting, which is a system for controlling and recording profits (income and expenses), as well as economic operations, in this case carried out by a company or association, it reflects the financial movements that they make.

8 0
4 years ago
All of the following would be considered examples of employer postretirement benefits EXCEPT
melisa1 [442]
A. Social Security

All of the following would be considered examples of employer post retirement benefits except Social Security
4 0
3 years ago
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