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
adelina 88 [10]
2 years ago
13

Buyers and sellers in a competitive market that must accept the price that the market determined.

Business
1 answer:
taurus [48]2 years ago
6 0

Answer:

price takers

Explanation:

The buyers and sellers that just accept the prices are called price takers-

You might be interested in
If a cost estimate indicates that a residential design is significantly over budget, what changes would you consider to reduce t
kogti [31]
<h3><u>Changes considered to reduce the cost of the project: </u></h3>

Cost Estimates of a Residential Design have the following elements:

1) Quantity Takeoff

2) Labor Hours

3) Labor Rates

4) Material Prices

5) Equipment Costs

6) Subcontractor Quotes

7) Indirect Costs

8) Profit Margin

Quantity Takeoff is the very basic element required in Residential Building. Labor hours and rates depends on the location, work difficulty, market value, and other extrinsic factors. Material prices and Subcontractor Quotes again depends on location, supply and demand. Equipment Costs depends on the location, place of purchase, transportation cost, size of equipment, etc. Indirect costs are overheads for labor and contractors.

As we can check the above elements, we cannot change Quantity takeoff, as no one wants to compromise in the quality. However, we can try to slightly negotiate with Labor rates and Subcontractor Quotes. Again, as mentioned the budget is significantly high, so we need to work on reducing 2 costs, which are Equipment Costs and Material Prices.

6 0
3 years ago
Âa black box does not want or need outside interference. true or false
ale4655 [162]
True maybe hope this helps
have a nice day

5 0
3 years ago
According to the law of diminishing marginal returns rev: 06_26_2018 Multiple Choice total product will fall and then rise as ad
IgorLugansk [536]

Answer:

The correct answer is: the additional product generated by additional units of an input will eventually diminish.

Explanation:

The law of diminishing marginal returns states that with each additional unit of input employed the marginal product of each additional input will go on declining.

This is why the total product will increase at first but after reaching a certain point it will start declining. The total product will be maximum at the point where the marginal product is zero. When marginal product becomes negative the total product will decline.

8 0
3 years ago
Read 2 more answers
Campbell, a single taxpayer, earns $400,000 in taxable income and $2,000 in interest from an investment in State of New York bon
Artist 52 [7]

Answer: Campbell will owe $115,858.25 in federal income tax this year computed as follows:

$115,858.25= $45,353.75+ 33% x ($400,000 - $186,350)).

Campbell's average tax rate is 28.96 percent.

Average Tax Rate = TotalTax / TaxableIncome = $115,858.25 / $400,000 = 28.96

Campbell's effective tax rate is 28.82 percent.

Effective tax rate = TotalTax / TotalIncome = $115,858.25 / ($400,000 + $2000) = 28.82

Campbell is currently in the 33 percent tax rate bracket. Her marginal tax rate on deductions up to $213,650 will be 33 percent. However, her marginal tax rate on the next $5,100 of income will be 33%, and income earned over $405,100 will be 35 percent. Income earned in excess of $406,750 will be taxed at 39.6%.

3 0
2 years ago
What is the difference between gross &amp; net pay
stich3 [128]
Gross pay is what employees earn before taxes, benefits and other payroll deductions are withheld from their wages. The amount remaining after all withholdings are accounted for is net pay or take-home pay.
6 0
2 years ago
Other questions:
  • Healthy Life Co. is an HMO for businesses in the Fresno area. The following account balances appear on Healthy Life’s balance sh
    13·1 answer
  • Why do we use trade barriers? What is the purpose?
    14·1 answer
  • One major difference between a nation's balance of trade and its balance of payments is that
    13·1 answer
  • A method often used by economists to look at distribution of income in a society's economy involves:__________
    13·1 answer
  • PLEASE HELP! WORTH 25 POINTS
    7·1 answer
  • The Model Privacy notice was introduced in 2010. Which statement about the notice is true?
    12·1 answer
  • Assuming a current ratio of 1.2 and an acid-test ratio of 0.80, how will an increase in accounts receivable affect each ratio
    5·1 answer
  • Which of the following is not a source of income?
    8·1 answer
  • etaline Corp. uses the weighted average method for inventory costs and had the following information available for the year. Cal
    6·1 answer
  • Juan earns a gross pay of $44,500. His employee benefits are 18% of his gross pay. What is the value of his benefits?
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!