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2 years ago

1. For a firm in a perfectly competitive market, the price of the good is always

Business

1 answer:

andreyandreev [35.5K]2 years ago

4 0

Answer:

A). equal to marginal revenue.

Explanation:

A perfect competition is characterized by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.

In the long run, firms earn zero economic profit. If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.

Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.

Price = marginal revenue = average revenue

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Mike is a sole proprietor who buys, sells and repairs kilns and other equipment used in pottery making. He has an arrangement wi

Artyom0805 [142]

Answer:

c) Broker Factor.

Explanation:

A broker factor is an agent that sells goods that are from someone else for a comission and this person takes possession of the products that is selling. Also, a broker factor can make a sell in his/her name and has authorization to receive the money from the sale. Because of this, Mike's relationship with K&M is that of a broker factor.

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2 years ago

Your family owns a small construction company, CopperBuild, that builds custom homes for an upscale architectural firm. Your two

beks73 [17]

Answer:

All the statements apply

Explanation:

1. Avoid mere mechanical descriptions.

This statement applies because it is an architectural proposal, thus, it should include aesthetic descriptions.

2. Emphasize the benefits to the recipient.

The proposal should include the ways CopperBuild would benefit the investors of the shopping center, from an architectural, and financial point of view.

3. Detail your expertise and accomplishments.

CopperBuild should add a few pages highlighting the firm's past experience, this in order to obtain more credibility.

4. Proposals are sales presentations.

This is a good analogy because what CopperBuild is doing by means of the proposal is selling "itself" (its experience, credibility, prestige) to the investors in order to get the contract.

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2 years ago

What happens to the price of these needed goods if production declines and there are fewer goods to go around?

Lostsunrise [7]

Answer:

the price increases

Explanation:

its inflation due to the decrease in production of the the product but not the need for it the price will rise.

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2 years ago

At age 50, Charles began receiving payments under a distribution method that provides for substantially equal payments over his

shusha [124]

Answer:

correct answer is 4) $169,000.00

Explanation:

given data

received distributions totaling = $14,000

remaining benefits lump-sum = $155,000

solution

we know that substantial payment by as distribution method not subjected to the early distribution penalty

but lum sum amount distribution before age 59.5 is subject to 10% penalty

so here we can say till 59.5 year annuity payment not changed

so amount subject to the penalty is = $14000 + $155000

amount subject to the penalty is = $169000

so correct answer is 4) $169,000.00

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2 years ago

In which scenario do homeowners use the equity in their home

rosijanka [135]

Answer:

A HELOC or home equity loan can be used to consolidate high-interest debts to a lower interest rate. Homeowners sometimes use home equity to pay off other personal debts such as a car loan or a credit card.

Explanation:

6 0

2 years ago

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