Answer:
This statement is true.
Explanation:
In a perfectly competitive market, there are a large number of firms in the market. There is no barriers to entry to exit in the market. The firms are producing homogenous products.
The firms in this market will earn positive profits in the short run as in short run, the firms can't enter the market.
In the long run, though the firms will be attracted to the positive profits earned by the existing firms to enter the market.
This will cause the supply in the market to increase, this increase in the supply will shift the supply curve to the left. This leftward shift in the supply curve will reduce the price of the product.
The market share and profits of the individual firms will decline. This will continue till the profits are reduced to zero.
They are all D) Intensive growth strategies.
Answer:
(a) $3 billion
(b) -$1 billion
Explanation:
All are in terms off billion
Y = 20
T = 2
C = 15
I = 2
we know that Y = C + I + G
20 = 15 + 2 + G
20 - 17 = G
G = 3
So the value of the goods and services purchased by the government of Yokovia = 3 billion
Public saving = T - G
= 2 - 3
= - 1 billion
Answer:
12%
Explanation:
Album Co. paid $12,000 for interest, and that is the stated interest of the bonds.
Stated interest = $12,000 / $200,000 = 6% semiannually, therefore the annual stated interest is 6% x 2 = 12%
The stated rate is applied to the face value of the bonds, regardless of their selling or trading price.
Answer:
$55 per unit
Explanation:
The computation of the total cost per unit of the product is shown below:
= Total cost incurred ÷ number of units manufactured
= $132,000 ÷ 2,400 units
= $55 per unit
BY dividing the total cost incurred with the number of units manufactured we can get the total cost per unit
All other information i.e shown is not relevant. Hence, ignored it
