1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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  

You might be interested in
You are planning a graduation trip to Mexico. Other things the same, if the dollar appreciates relative to the peso, then
galben [10]

Hello there!

Answer:

Your answer is C). the dollar buys more pesos. Your hotel room in Mexico will require fewer dollars

Explanation:

The reason why answer choice "C" would be the correct answer is because American currency, USD, would get you a lot of pesos.

Lets give you the exact amount of exchange rate:

1 USD (U.S DOLLAR) = 18.98 PESO

You can see how much 1 U.S dollar could get you in the Mexican currency.

What this means is that the U.S dollar buys more pesos, in which is correct in answer choice "C" Since you could buy more pesos with the U.S dollar, you would only need to use fewer dollars because the exchange rate is so high. The U.S dollar would get you more money in Mexico. This is the reason why answer choice "C" would be correct.

7 0
3 years ago
At the beginning of the tax year, Barnaby's basis in the BBB Partnership was $50,000, including his $5,000 share of partnership
drek231 [11]

Answer:

$62,000

Explanation:

Calculation to Determine Barnaby's basis at the end of the tax year

Using this formula

Ending tax year Barnaby's basis in the partnership=[BBB Partnership basis+( Share of debt-Share of partnership debt)+ Share of Partnership's income +Share of partnership's nontaxable income-Cash distributions]

Let plug in the formula

Ending tax year Barnaby's basis in the partnership =$50,000 + ($8,000-$5,000) + $20,000 + $1,000 - $12,000

Ending tax year Barnaby's basis in the partnership =$50,000 + $3,000 + $20,000 + $1,000 - $12,000

Ending tax year Barnaby's basis in the partnership = =$62,000

Therefore Barnaby's basis at the end of the tax year will be $62,000

5 0
3 years ago
What is the percentage return on a stock that was purchased for $48.40, paid a $1.67 dividend, and was then sold after one year
Marysya12 [62]

Answer:

-1.10%

Explanation:

Calculation for percentage return on a stock

Stock percentage return=$46.20 + 1.67 - 48.40)/$48.40

Stock percentage return= = -.0110*100

Stock percentage return=-1.10%

Therefore the percentage return on a stock is -1.10%

7 0
2 years ago
Jmes Graham Manufacturing is a small manufacturer that uses machine-hours as its
IgorLugansk [536]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Company - Job 62 - Job 63

Direct materials: $60,000 - $4,500 - $7,100

Direct labor: $25,000 - $2,500 - $4,200

overhead costs $72,000

Machine hours: 90,000 - 1,350 - 3,100

During 2019, the actual machine-hours totaled 95,000, and actual overhead costs were $71,000. Job 62 consisting of 1,000 units and Job 63 consisting of 2000 units were completed during the month.

A) To calculate the estimated manufacturing overhead rate we need to use the following formula:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 72,000/90,000

Estimated manufacturing overhead rate=  0.8 per machine-hour

B) Total manufacturing cost= direct material + direct labor + allocated overhead

Job 62:

Total manufacturing cost= 4,500 + 2,500 + 0.8*1,350

Total manufacturing cost= $8,080

Job 63:

Total manufacturing cost= 7,100 + 4,200 + 0.8*3,100

Total manufacturing cost= $13,780

C) Unitary cost= total cost/ number of units

Job 62:

Unitary cost= 8,080/1,000= $8.08

Job 63:

Unitary cost= 13,780/2,000= $6.89

D) First, we need to apply overhead for the company as a whole:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 0.8*95,000

Allocated MOH= $76,000

Now, we can calculate the over/under applied overhead:

Under/over applied overhead= real overhead - allocated overhead

Under/over applied overhead= 71,000 - 76,000

Overapplied overhead= $5,000

E) Job 62= 14,000

Job 63= 18,000

Gross profit= sales - cost of goods sold

Job 62:

Gross profit= 14,000 - 8,080= $5,920

Job 63:

Gross profit= 18,000 - 13,780= $4,220

7 0
3 years ago
Establishing rules that will help you stay focused is called
Marianna [84]
The answer would be self-discipline 

The definition of self-discipline:   <span>the ability to control one's feelings and overcome one's weaknesses; the ability to pursue what one thinks is right despite temptations to abandon it.</span>
7 0
3 years ago
Read 2 more answers
Other questions:
  • Austin borrowed $700 from a lender that charged simple interest at a rate of 9% for 6
    13·1 answer
  • Suppose the manager agrees to pay each employee a​ $50 bonus if they meet a certain goal. on a typical​ saturday, the​ oil-chang
    15·1 answer
  • If Cute Camel ever goes bankrupt, its common stockholders will be paid off first, then its debtholders and preferred stockholder
    9·1 answer
  • Suppose public authorities were contemplating locating a hazardous waste incinerator in a particular community. If the members o
    7·1 answer
  • What were the consequences of mass production?
    14·1 answer
  • Paper Corporation adopts a plan of reorganization and exchanges 1,000 shares of its voting stock and $50,000 in cash for Chase C
    11·1 answer
  • Mr. Blatt: Expert consultants are sought after by management because they help executives make better decisions. That is why the
    5·1 answer
  • Steven Washington's weekly gross earnings for the week ending March 9 were $3,340, and her federal income tax withholding was $5
    11·1 answer
  • If the Security and Exchange Commission finds any irregularities in the dealings of a financial securities firm, it can send a c
    5·1 answer
  • Vincent operates a scenic tour business in Boston. He has one bus which can fit 50 people per tour and each tour lasts 2 hours.
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!