Answer:
sell any quantity it wishes at the prevailing market price
Explanation:
A perfect market for competition is a market which has a high degree of competition.
It has the following features
1. With regard to the market, information is great in this rivalry between producer and customer.
2. Free entrance, and exit
3. Deals with same or homogeneous products
4. The buyers and sellers are more in this market
5 There is no transport cost exist
Plus we know that demand curve for perfectly competitive firm is elastic as the firm is price taker and reflected in a horizontal line
Hence, the last option is correct
Answer:
Best answer is B) What are the costs of transporting raw materials, components, and finished products?
Explanation:
Answer:
(D) Property taxes for the first year owned.
Explanation:
Capitalized cost is an added expense of a fixed asset. This is not the price paid for an asset but an additional expense incurred overtime in the form of depreciation or amortization. Excluded in this cost is the property taxes for the first year owned. It is included in the cost basis of the asset.
Answer:
The correct answer is letter "C": both costs and revenues may be analyzed.
Explanation:
Incremental analysis studies two options from where only one is to be selected. It is a helpful tool that allows allocating limited resources efficiently. It is mostly implemented to find out which alternative provides the greater yield producing at the lowest cost. Incremental analysis does not consider sunk or past costs.
Therefore, <em>incremental analysis may study both costs and revenues between two options.</em>
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