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igomit [66]
3 years ago
13

The shape of the perceived demand curve for a perfectly competitive firm reflects that firm's ability to: Group of answer choice

s raise its price without losing all of its customers. lose fewer customers than a monopoly that raised its prices. sell any quantity it wishes at the prevailing market price.
Business
1 answer:
Paladinen [302]3 years ago
7 0

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  

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Economic analysis indicates minimum wage legislation has a. made it possible for any teenager who wants to work to earn almost 8
ivann1987 [24]

Answer:

d. is correct

Explanation:

made it easier for teenagers to find jobs that offer the opportunity for training.

Everyone starts a career , step by step, from the minimum salary to the top of income.

5 0
3 years ago
Advantages corporations had over small business included: a. raw material discounts b. reduction of unit cost c. specialists d.
kondaur [170]

Answer:

a. Raw material discounts

b. Reduction of unit cost

c. Specialists

d. Better production methods

Explanation:

a. Corporations have various advantages over small businesses. Because they buy  raw materials in bulk they are able to negotiate volume discount. This gives them more advantage over the small business who cannot buy in bulk.

b. A fall out from the above is reduction of unit cost or average cost, when discount is received it reduces the total cost of material and by implication the unit cost.

c. Because of their size and financial strength, corporation is able to attract qualified employees as opposed to small businesses that are limited by their financial position.

d. Corporations because of their financial strength are able to finance research with view to discovering a better production methods. This may be impossible to small businesses.

8 0
4 years ago
A commercial bank wants to determine if an applicant for a loan is likely to be able to pay its bills as they come due. Which ty
Drupady [299]

Answer: Debt-to-income (DTI) ratio

Explanation: The DTI ratio is one that considers the customer's debt relative to his disposable income (income available for spend after personal income tax deduction). The ratio varies from bank to bank. It is the number one thing a bank considers before granting a loan facility to a customer.

The fact that a customer is paying off all its due loan obligations in a timely manner without any default does not mean he is liable to obtain a loan facility if his DTI ratio is on the high side. If the DTI ratio is on the high side, it means the customer's debt is absorbing the substantial portion of the disposable income. To enable the customer get more facilities, <em>it is expected that the disposable income too should increase or better still if the customer can enhance / increase his earning capacities. </em>

8 0
4 years ago
Which of the following was one of the first CRM components built to address the issues that sales representatives were strugglin
Dovator [93]

Answer:

sales force automation system

Explanation:

Salesforce automation system are the various software that are used to automate routine but important tasks of selling so that sales people can be free to better carry out their sales functions. For example sending of mails to customers to promote a product. Instead of spending time typing mails, they can automatically be sent to multiple recipients at preset times.

This eases the stress of carrying out repititive tasks.

Salesforce was one of the first solutions that was introduced to reduce the overwhelming work of maintaining and tracking customer accounts.

7 0
3 years ago
In the Basic Solow Model without exogenous growth, if the population, and therefore the labor supply, doubles:_______
otez555 [7]

Answer:

In the Basic Solow Model without exogenous growth, if the population, and therefore the labor supply, doubles <u>steady state output per worker will be unchanged.</u>

Explanation:

According to the given scenario options A, B and C are ruled out. Hence, the answer to the above question is option D. Steady state output per worker will be unchanged.

Hope this helps.

 

3 0
3 years ago
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