Answer:
Option C - each seller supplies a negligible fraction of total supply.
Explanation:
Price is constant to the individual firm selling in a purely competitive market because each seller supplies a negligible fraction of total supply.
Answer:
Interest rate on the a three year bond =5.5%
Explanation:
one-year bond rate expected = 4%, 5%, 6% for the next three years
liquidity premium on a three year bond = 0.5%
number of years = 3
The interest rate on the a three year bond can be calculated as
= liquidity premium + ( summation of bond rates for the next three years/number of years )
= 0.5 + ( (4+5+6)/3)
= 0.5 + ( 15/3)
= 0.5 + 5 = 5.5%
Answer:
Law of Diminishing Marginal Utility
Explanation:
The Law Of Diminishing Marginal Utility states that all things being equal as consumption rises the marginal utility derived from additional unit of consumption falls.
Answer: No it is not.
Explanation:
Uber by first establishing itself and then fighting regulators leaves itself open to attack around the world. This is because the Regulators have the power to keep adjusting the laws that govern Uber if they feel that Uber has an unfair advantage or if it's existence is detrimental to the society. Uber has been accused many times of various infractions such as Tax Evasions and being a conduit through which crime can be committed because it did not conduct proper background checks.
Going back to the issue of taxes, if the regulators feel that Uber may be avoiding taxes, they could impose laws that either cause an increase in Uber prices or remove them from a location which can have a native influence on Uber's bottomline.
This approach is not good because regulators do not like being fought and will try to ascert dominance. It is simply not viable and this has been proven with Uber's many suspensions around the world.
Answer:
D. All of the statements are correct.
Explanation:
The Seller requires to
Reduce its sales by the estimated return value and cost of goods sold by the estimated cost value of the units expected to return in the future.
Use historical data of sales and returns and calculate the value of expected return items.
After the estimation of values record the adjusting transaction for the estimated return liability and the inventory to be returna as well.
