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3 years ago

Who determines the price in perfect markets?

1 answer:

3 0

In a Perfectly Competitive Market or industry, the equilibrium price is determined by the forces of demand and supply. Equilibrium signifies a state of balance where the two opposing forces operate subsequently. An equilibrium is typically a state of rest from which there is no possibility to change the system.

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The Pastel Paint Company recently loaned $300,000 to KIX 96, a local radio station. The radio station signed a noninterest-beari

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Answer:

Following are the queries to these question:

Explanation:

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3 years ago

When people buy more of a certain good as they get more money, this good is considered

MakcuM [25]

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3 years ago

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TB MC Qu. 7-137 Farris Corporation, which has ... Farris Corporation, which has only one product, has provided the following dat

brilliants [131]

Answer:

Net operating income= $11,250

Explanation:

Giving the following information:

Selling price $144

Units sold 8,950

Variable costs per unit:

Direct materials $26

Direct labor $68

Variable manufacturing overhead $14

Variable selling and administrative expense $18

Total variable cost= $126

Fixed costs:

Fixed manufacturing overhead $140,250

Fixed selling and administrative expense $9,600

Variable costing income statement:

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3 years ago

If a company from Country A decides to sell merchandise to a company from Country B, then the company from Country A ________.

Marizza181 [45]

Answer: C) can denominate the sale in either currency and use the foreign exchange market to convert currency

Explanation:

The options to the question are:

A) will denominate the sale in its own currency since it is too hard to convert foreign currency

B) will denominate the sale in the currency of the buyer since it is too hard for them toconvert foreign currency

C) can denominate the sale in either currency and use the foreign exchange market to convert currency

D) can use the OTC market to convert receipts in the future and the exchange markets to convert receipts in the spot market.

Since the company from Country A I the one selling merchandise to the company from Country B, it means that the company from Country A can denominate the sale in either currency and use the foreign exchange market to convert currency.

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4 years ago

Why is buying a house a personal decision

Fynjy0 [20]

Because if someone else buys a house for you and it's dirty you wouldn't like it.

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3 years ago

Who determines the price in perfect markets?​

Who determines the price in perfect markets?