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3 years ago

In perfect competition:

Business

1 answer:

nadezda [96]3 years ago

7 0

Answer:

the market demand curve is downward sloping while demand for an individual seller's product is perfectly elastic.

Explanation:

Perfect competition is a competition system characterized by a large number of firms offering the same type of product. This is a competitive model where none of the bidders has the ability to change the price, (they are price takers) so that if there is any attempt to raise the price, the bidder will lose all market share as consumers will buy from other market price providers. This means that demand is completely elastic - sensitive to price changes. The market demand curve is downward sloping on a chart where quantity is on the horizontal axis and price on the vertical axis. Thus, the higher the price, the lower the quantity demanded and the lower the price, the greater the quantity demanded.

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Catherine is married and a mother of two children. She has decided to forego her own career to stay home with her children until

Taya2010 [7]

Answer:

Traditional Women

Explanation:

The reason is that the women who take the responsibility of taking care of their house and children represents the traditional class of women. These women are also known as house wife in our society. In this question, Catherine takes the role and responsibility because she takes care of her family and house related issues which matches the role and responsibilities of a traditional women so this is the Traditional women is the right answer.

5 0

4 years ago

Tawney Company is considering investing in a new piece of equipment that costs $700,000 and has a $200,000 residual value. The n

timama [110]

Answer:

average amount invested in the asset = $450,000

Explanation:

given data

equipment costs = $700,000

residual value = $200,000

cost savings = $60,000

to find out

average amount invested in the asset

solution

we get here Average amount invested that is express as

average amount invested in the asset = ( Amount invested + Residual value) ÷ 2 ........................1

put here value we get

average amount invested in the asset = $\frac{$700000+$200000}{2}$

average amount invested in the asset = $450,000

7 0

4 years ago

Phoenix Pump and Filter projects that the cost of steel bodies for Model R910 valves will increase by $2.50 every 3 months. If t

katrin2010 [14]

Answer:

$1023.98

Explanation:

Using the standard notation equation for annual payment and for arithmetic gradient to calculate the present worth of a unit's costs; we have the following corresponding expression.

P = A (P/A, i, n) & P = G (P/G, i, n)

where;

A = annual payment

G = arithmetic gradient

n = number of years

i = annual interest rate

From the question;

the payment period = compounding period

∴ quaterly interest rate = 3%

The present worth value of the unit's cost is therefore shown as

P = 90 (P/A, 3%, 12) + 2.5(P/G, 3%, 12)

P = 90(9.954) + 2.5(51.2481)

P = $1023.98

∴ The present worth value of the unit's cost = $1023.98

7 0

3 years ago

ECONOMICS!! PLEASE HELP ME!!<br> the last answer choice is<br> 1.Command <br> 2.Market<br> 3.Mixed

Varvara68 [4.7K]

It’s the first one, Command then Mixed then Market

3 0

3 years ago

Classify the following cash flows as either operating, investing, or financing activities assume indirect method. 32 (8 01:40:41

olga nikolaevna [1]

Answer:

1. Received cash from long-term debt issuance.

Classification: Financing activities

2. Paid long-term debt with cash.

Classification: Financing activities

3. Received cash from short-term debt issuance.

Classification: Financing activities/Operating activities

4. Issued common stock for cash.

Classification: Financing activities

5. Paid cash for wages and salaries.

Classification: Operating activities

6. Received cash interest on a note.

Classification: Operating activities

7. Paid cash for property taxes on building.

Classification: Operating activities

8. Paid cash for utilities.

Classification: Operating activities

9. Sold stock investments for cash.

Classification: Investment activities / Finance activities

10. Received cash from sale of equipment.

Classification: Investment activities

7 0

3 years ago