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
marin [14]
3 years ago
15

Consider a perfectly competitive market in which all firms have the same costs. Choose the statement that is incorrect.

Business
1 answer:
Furkat [3]3 years ago
3 0

Answer:

B. The market demand is perfectly elastic at the market price. °

Explanation:

As we know that in the case of perfect competitive market there is a big number of sellers and buyers who sells same kind of product, there is no entry and exit barriers also the firm is a price taker

In addition to this, the market price and output would be measured by the supply and demand force. The profit maximizing output for every firm would considered the market price with the prescribed output and at the time when firm is shutdown so the market price would below the average variable cost

So the option b is incorrect

You might be interested in
Select the correct answer. Which of the following can be classified as secondary data? A. focus groups B. telephone surveys C. g
BARSIC [14]
I would pick D. Because the customer would be giving feedback from their own personal experience from the product they bought.
6 0
3 years ago
A project professional has just been assigned manager of a project to develop a new advertising campaign for an established prod
german

Answer:

<u>Establish project priorities</u>

Explanation:

<em>Remember</em>, we are told the project professional has been assigned to manage a project, therefore going by the guiding steps when defining a project, the next and second step he should take is to establish project priorities.

In other words, he should draft out what tasks should be done first, those for later, and so forth in other to successfully achieve/finish the project's objective.

4 0
3 years ago
Using the variable cost method, determine the selling price (rounded to the nearest dollar) for 30,000 units using the following
Brilliant_brown [7]

Answer:

c. $8

Explanation:

Calculation to determine the selling price

First step is to calculate the Markup percent

Markup percent= (90,000 + 150,000) / (30,000 x 15)

Markup percent = .533

Now let calculate the selling price

Selling price=533 x $15 per unit

Selling price= $8

Therefore the Selling price will be $8

7 0
3 years ago
Which employer pension plan has an individual account for each employee?
Cerrena [4.2K]
Defined contribution plan
5 0
4 years ago
Read 2 more answers
I. the European Union
svet-max [94.6K]

Answer:

C). I, II, and IV only

Explanation:

The Association of Southeast Asian Nations (ASEAN), the European Union (EU), and the North American Free Trade Agreement (NAFTA) are bodies that promote trade and economic cooperation among member countries.  They are treaties that aim are accelerating economic and social integration by eliminating or minimizing restrictions on the movement of people and commodities across borders.

Opec is an association of oil-producing countries. Its objective is to have similar oil policies in member countries. Opec is a cartel-like group that aims at controlling international oil prices.

8 0
3 years ago
Other questions:
  • A producer of felt-tip pens has received a forecast of demand of 31,000 pens for the coming month from its marketing department.
    9·1 answer
  • While playing with his toy truck on the couch, Nezzy points to the toy truck and says, "Truck go." His father responds to this b
    8·1 answer
  • When sam goes to a restaurant, he always tips the server $2 plus 10% of the cost of the meal. if sam’s distribution of meal cost
    7·1 answer
  • Robert G. Flanders Jr., the state-appointed receiver for Central Falls, RI, said his city's declaration of bankruptcy had proved
    8·1 answer
  • Tawana owns and operates a sole proprietorship and has a 37 percent marginal tax rate. She provides her son, Jonathon, $8,000 a
    6·1 answer
  • What private and federal help can you receive as a consumer?
    14·1 answer
  • How can you make sure you use the appropriate etiquette while being aware of : the organizational structure, values within, meth
    5·1 answer
  • Menu costs refers to a. the distortion in incentives created by inflation when taxes do not adjust for inflation. b. resources u
    12·1 answer
  • Segundo o autor Gilson Schwartz, em seu livro As profissões do futuro, e sua concepção de Mercado de trabalho contemporâneo, pod
    9·1 answer
  • . Pharmacist is an important profession. give reasion​
    15·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!