Identical products is a characteristic of a A. perfect competition.
Here are all of the characteristics of perfect competition:
1. a large number of small firms
2. identical products
3. freedom and resource mobility
4. knowledge of prices and technology
Answer:
Total fixed costs= $150
Explanation:
Giving the following information:
Parker's only overhead is a storage unit for the inventory that costs $125 a month and a $25 monthly fee for website hosting.
<u>A cost is categorized as fixed because it does not vary with production (in relevant ranges).</u>
In this case, the only two cost that is fixed is the storage and website hosting.
Total fixed costs= 125 + 25= $150
Answer:
The correct answer is letter "C": apply the assumption that people behave as if they act rationally with an aim to maximize utility.
Explanation:
The theory of rational expectations is mainly used in macroeconomics, with the idea that decisions of individuals will affect the future course of the economy. According to this theory, people's behaviors are based on <em>rationality, all the information that they have available, </em>and <em>past experiences.
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Some of the rational expectations theory's premises are that <em>people hold expectations that will be met, variables values (price, output, and employment) are taken into account, </em>and <em>individuals are always trying to maximize their profits.</em>
Answer:
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Explanation:
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Attractive organizations are often clearly have a topic the research on and are very organized