Answer:
False.
Explanation:
In a perfect competition, there are many buyers and sellers of homogeneous products, and there is free entry and exit in the market.
This simply means that, in a perfectly competitive market, there are many buyers and sellers (price takers) of homogeneous products (standardized products with substitute) and the market is free (practically open) to all individuals or business entities that are willing to trade all their goods and services.
Hence, a perfectly competitive market is characterized by the following features;
1. Perfect information.
2. No barriers, it is typically free.
3. Equilibrium price and quantity.
4. Many buyers and sellers.
5. Homogeneous products.
Examples of a perfectly competitive market are the Agricultural sector, e-commerce and the foreign exchange market
A Perfectly competitive firm’s entire marginal cost curve is not its short-run supply curve but only the portion of the marginal cost (MC) curve of the perfectly competitive firm that lies above its average variable cost (AVC) curve would be its short-run supply curve.
Answer:
7%
Explanation:
the firm’s effective interest rate on its borrowing= %paid in form of LIBOR+ % at which bond was issued- % of fixed received.
=5%+ 8%- 6%
=7%
Answer:
direct marketing channel.
Explanation:
A distribution channel is made up of the chain of entities or intermediaries through which goods pass before reaching the end consumer. In the direct marketing channel, a producer delivers the product directly to the end consumer. Direct marketing channel does not have any intermediaries such as wholesalers, distributors or retailers.
Direct marketing is suitable for small business that cannot afford the cost of intermediaries. It is also ideal to manufactures with low volumes of production, or those that cover a small geographical area. Sophie does direct marketing as she produces and sells to the consumers directly. By engaging in direct marketing, Sophie is in control of all aspects of distribution.
This attitude reflects ageism.
It is a type of discrimination based on somebody's age - even though Susan is more experienced than her young daughter when it comes to this job, Beverly got the job because she is younger. So, Susan has been discriminated against because she is way older than Beverly.
Answer:
It belongs to Alma because Susan abandoned it and Alma took possession of it
Explanation:
By common law, Alma is a person who has found an abandoned property and she may claim it. To do this, she has to take some definite steps to show her claim. Alma can claim this abandoned piece of chair by taking it into her house, or by placing a sign on it to show that she now owns it.
If Susan was to take this to court, the court would determine the kind of item and where it was found to determine if Alma has a right to it. But since it was found in a dump site she now has the right to it.
