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goldfiish [28.3K]
3 years ago
11

In a perfectly competitive market, all producers sell __________ different goods or services. Additionally, there are _________

buyers and sellers. Because of these two characteristics, both buyers and sellers in perfectly competitive markets are price________ .
The market for digital cable exhibits the two primary characteristics that define perfectly competitive markets.

a. True
b. False
Business
1 answer:
Mariulka [41]3 years ago
6 0

Answer:

A

Explanation:

You might be interested in
How does the dynamic model of aggregate supply and aggregate demand explain​ inflation?
zaharov [31]

Answer:

The correct answer is the letter C. by showing that if total spending in the economy grows faster than total​ production, prices will rise

Explanation:

The dynamic aggregate supply and demand model explains inflation as follows: In the short run, an economy's production capacity is limited to existing factors of production, ie there is little room to increase the amount of capital and thus the supply of goods and services. Thus, if aggregate demand, that is, the economy's consumption capacity grows faster than production capacity, that is, to supply goods and services, there will be demand inflation, which happens when aggregate consumption pressures aggregate supply, raising price levels.

4 0
3 years ago
Model development should be left to quantitative analysts; the model user's involvement should begin at the implementation stage
Kamila [148]

Answer:

False

Should be left to problem solving and decision making.

8 0
3 years ago
Selling an asset for cash will leave the total value of assets unchanged. True or false?​
I am Lyosha [343]
This is true..........
3 0
3 years ago
24. Megan plans the facility layout of her new shop that would sell a variety of healthcare industry machines. She arranges the
sleet_krkn [62]

Based on the fact that Megan arranged the machines according to their functions, this is A. Process layout.

<h3>What is a process layout?</h3>

This is a way of arranging a shop or factory where machines and equipment are arranged according to their function.

Megan arranged her machines according to how they function so that she can be able to move from one station to another. This is therefore a process layout.

Find out more on process layouts at brainly.com/question/14409617.

#SPJ12

4 0
2 years ago
Ambrose Company has only 25,000 hours of machine time each month to manufacture its two products. Product X has a contribution m
Bezzdna [24]

Answer:

b. $240,000

Explanation:

The computation of the total contribution margin is shown below:

Contribution margin per machine hour for Product X is

= $50 ÷ 5 hours

= $10/hour

And,

Contribution margin per machine hour for Product Y is

= $64 ÷ 8 hours

= $8/hour

Now

= 80% × 25,000 hours

= 20,000 hours used for Product X

Now  

= 20,000 hours ÷ 5 hours per unit

= 4,000 units

And,

= 4,000 units × $50

= $200,000

And,  

= 5,000 hours ÷8 hours per unit

= 625 units × $64

= $40,000

so, Total CM is

= $200,000 + $40,000

= $240,000

4 0
3 years ago
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