Answer:
elastic, because many other firms produce the same standardized product
Explanation:
A good has perfect price elasticity when a change in price leads to an infinite change of quantity demanded.
A perfect competition is when there are many buyers of homogenous goods and services. The sellers are price takers; prices are set by the market force.
A perfect competition has perfect price elasticity because goods sold are standardised and identical with other goods in the market. If the seller increases its price, it's demand would fall to zero as consumers would shift demand to other subsituite goods.
I hope my answer helps you.
Answer:
A. 22.4%
Explanation:
Income TAXES
Operating profit before interest and tax $ 519.233
Net nonoperating expense before tax -$ 109.491
Subtotal $ 409.742
Provision for income taxes -$ 91.720 -22,4%
Net Income $ 318.022
Answer:
6.201%
Explanation:
Given that,
Net asset value = $12.90
By year-end net asset value = $12.30
Fund paid year-end distributions of income and capital gains = $1.40
change in NAV:
= By year-end net asset value - Net asset value
= $12.30 - $12.90
= -$0.6
Rate of Return:
= (change in net asset value + Distributions) ÷ Start of Year net asset value
= ( -$0.6 + $1.40) ÷ $12.90
= 0.8 ÷ $12.90
= 0.06201 or 6.201%
Answer: potential of avoidance of risk
Explanation: In the given case, Fred need to show to the court that the foreseeable risk could be avoided or reduced on the part of company. Fred can point that no instructions or warnings were given by the company on the use of the shredder.
Thus, if Fred manages to prove that he got injured due to carelessness ogf the company then he can definitely succeed.
