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2 years ago

Products produced in a competitive market are

Business

1 answer:

belka [17]2 years ago

7 0

Answer:

Standardized

Explanation:

Firms that are purely competitive provide a standardised (same or homogenous) product. Consumers will be unconcerned about whose vendor they acquire the goods from as long as the pricing is the same.

Monopolistically competitive companies make a typical profit in the long run since entrance into the market is easy. The sort of goods supplied distinguishes oligopoly from perfect competition.

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An individual has utility function U(x)=x1/4U(x)=x1/4 for salary, and is considering new job offer which pays $80,000 with a bon

vladimir2022 [97]

Answer:

108,280.22

Explanation:

Certainty equivalent is solved by taking the inverse utility function from the expected utility of a random wealth variable

U(x) = x^1/4

U^-1(x) = x^4

U^-1(x) === x^4

CE(x) = x^4

Salary Bonus Total income U(x)= x^(1/4) P(x) U(x)*P(x)

80000 0 80000 16.82 1/7 2.4

80000 10000 90000 17.32 1/7 2.47

80000 20000 100000 17.78 1/7 2.54

80000 30000 110000 18.21 1/7 2.6

80000 40000 120000 18.61 1/7 2.66

80000 50000 130000 18.99 1/7 2.71

80000 60000 140000 19.34 1/7 2.76

Sum 18.14

CE(x) = 18.14^4

CE(x) = 108280.22

So therefore, the certainty equivalent of this job offer is 108,280.22

5 0

3 years ago

The management of California Corporation is considering the purchase of a new machine costing $400,000. The company's desired ra

Julli [10]

Answer:

c. 1.14

Explanation:

Year Cash Flow PV Factor 10% PV of Cash flows

($) ($)

Year 1 180,000 0.909 163,620

Year 2 120,000 0.826 99,120

Year 3 100,000 0.751 75,100

Year 4 90,000 0.683 61,470

Year 5 90,000 0.621 55,890

Total = 455,200

Initial cash outflow = $400,000

Cash inflow = $455,200

So, we can calculate the present value index by using following formula,

Present value index = Cash inflow ÷ Cash outflow

= $455,200 ÷ $400,000

= 1.14

4 0

2 years ago

Describe strategies that companies can employ to help ensure that employees approach transfers and promotions, particularly when

zepelin [54]

Answer:

The description according to another circumstance is summarized throughout the subsection below.

Explanation:

Younger employee transactions including advancement throughout particular on the change to investment opportunities whenever employers have a comprehensive relocation as well as transition strategy in anything other than a manner however to employee retention.

Almost all of the given opportunities to handle relocations or transitions:

Modification of incentives as well as payouts.
Additional help in the sale or purchase of the property.
Starting to move your spending.

Share information sufficiently about everything from the intent of displacement so it appears to either the individual whereby he or she is of importance to either the mission.

4 0

3 years ago

When the money market is drawn with the value of money on the vertical axis, if the Federal Reserve buys bonds, then the money s

otez555 [7]

Answer:

The correct answer is: shifts rightward, causing the price level to rise.

Explanation:

The money supply curve portraits the money supplied in the market at a specific interest rate. The money supply is increased by the central bank by purchasing bonds or other assets -in this case, the Federal Reserve- causing the money supply curve more to the right which at the same time lowers the interest rate.

7 0

2 years ago

How much time of education does it take to be a mechanical engineer

lesantik [10]

I think like 6 years of college

7 0

3 years ago