The demand curve in a purely competitive industry is down sloping , while the demand curve to a single firm in that industry is perfectly elastic.
<h3>What is demand curve?</h3>
Demand curve can be defined as a graph that help to show the price of product as well as demand quantity.
In a situation where the demand curve is down sloping this means that a manufacturer intend to go for the price of goods and service and the quantity demanded in order to increase profit .
Inconclusion the demand curve in a purely competitive industry is down sloping.
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I believe that the correct answer to this is:
“False”
<span>If the price of a certain product or service increase and
there are available substitutes to it, then the demand quantity for that product
or service will decrease. So in this case, the equilibrium quantity would
decrease hence false.</span>
A market based remedy for the emerging of availability of teachers
and the school district’s needs Is that they are likely to emphasize
compensation in which should be higher in which is for the teacher services and
as well as for the reliable of the districts in regards with their instruction
methods in order for such problem to be resolved. The correct answer would be
letter C.
Answer:
12,600
Explanation:
Concept of Equivalent units of production measures the number of units in terms of percentage completion in input elements of the process.
<u>The equivalent units of production for materials</u>
Note : all materials are issued at the beginning of the process, therefore materials are 100% complete in both Widgets transferred out and Ending widgets.
Calculation :
transferred out (8,600 × 100%) = 8,600
ending inventory (4,000 × 100%) = 4,000
total = 12,600
Therefore, the equivalent units of production for materials in the Machining Department is 12,600.