Answer:
b
Explanation:
A price taking firm is a firm that must sell at the price determined by the forces of demand and supply. This is typical of firms that in industries that sell identical products.
If the firm charges a price higher than equilibrium price, customers would go to other suppliers and the firm would sell known of its product.
There would be no incentive for a firm to sell below equilibrium price because it would be earning losses.
An example of an industry characterised by price taking firms are perfectly competitive industries.
For example, a farmer selling oranges is an example of a price taking firm
Answer:
It might be because of an increase in efficiency in the workforce or advances in technology. Hope it helps :)
Explanation:
Answer:
The correct answer is letter "E": perception of social status.
Explanation:
The perception of social status refers to discriminating people by the level of income and lifestyles they have. People with higher buying power are usually seen as smarter and more educated while those with below-average income are usually seen with relative mistrust.
This is a stereotype that leads to having incorrect ideas of how people are. In front of job interviews, all applicants must be evaluated based on their <em>qualifications, skills, </em>and <em>experience</em> rather than on what is the price tag of the clothing they are wearing.
Jack can face multiple risks.
He can be injured or killed in a car wreck.
He can injure or kill someone in a car wreck.
Bills.
Car note.
Gas Money
Tickets.
Parking.
Hope this helps Buddy!
- Courtney
Answer:
The equivalent units of production for conversion cost would be $11,680 units
Explanation:
The computation of the equivalent unit of conversion is shown below:
= (Beginning inventory units × remaining percentage) + (units started and completed units × completed percentage) + (ending inventory units × completed percentage)
= (6,800 units × 25%) + (6,500 units × 100%) + (5,800 units × 60%)
= 1,700 units + 6,500 units + $3,480 units
= $11,680 units
