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Anarel [89]
3 years ago
14

We consider ________ least likely to be a firm in an imperfectly competitive industry. A) a Starbucks in Houston, Texas B) Con E

dison utility company C) a corn farmer in Ohio D) the only locally owned and operated television station in Portland, Oregon\
Business
1 answer:
maria [59]3 years ago
4 0

Answer: C) a corn farmer in Ohio

Explanation:

When a firm is said to be in an imperfectly competitive industry, this means that the firms involved cannot compete effectively amongst themselves because they either have a small number of firms competition or they sell products that aren't similar. Examples include monopolies and oligopolies.

Ohio is the seventh largest corn producing state in the United States which means that there must be a lot of farmers producing corn. A corn farmer in this state is therefore most likely to be in a perfectly competitive industry not an imperfect one.

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The person who receives <br> financial protection from a life insurance plan is called a what
Wewaii [24]
The answer is Beneficiary because most people buy life insurance to protect the people who depend on the insured from financial losses cause by his or her death
3 0
3 years ago
Read 2 more answers
The equilibrium price is: unstable because at this price the quantity demanded is less than the quantity supplied. stable becaus
Makovka662 [10]

Answer:

stable because at this price the quantity demanded equals the quantity supplied.

Explanation:

Price can be defined as the amount of money that is required to be paid by a buyer (customer) to a seller (producer) in order to acquire goods and services. Thus, it refers to the amount of money a customer or consumer buying goods and services are willing to pay for the goods and services being offered. The price of goods and services are primarily being set by the seller or service provider.

In Economics, there are primarily two (2) factors which affect the availability and the price at which goods and services are sold or provided, these are demand and supply.

The law of demand states that, the higher the demand for goods and services, the higher the price it would be sold all things being equal. On the other hand, law of supply states that the higher the price of goods and services, the lower the supply.

Generally, the equilibrium price is generally said to be stable because at this price, the quantity of goods or services demanded is equal to the quantity of goods or services supplied to the consumers.

6 0
3 years ago
Easter Egg and Poultry Company has $1,710,000 in assets and $698,000 of debt. It reports net income of $196,000. a. What is the
notka56 [123]

Answer:

a) Firm’s return on assets = 11.46 %

b) Return on stockholders’ equity = 19.37%

c) Profit margin = 3.27%

Explanation:

a) Return on assets = \frac{Net Income}{Total Assets} X 100

= \frac{196,000}{1,710,000} X 100 = 11.46 percent

b) Return on stockholder's equity = \frac{Net income}{Equity} X 100

Equity =Total assets - Debt = $1,710,000 - $698,000 = $1,012,000

Return on equity = \frac{196,000}{1,012,000} X100 = 19.37 percent

c) Asset Turnover ratio = \frac{Net Sales}{Total Assets} = 3.5

then Net sales = 3.5 X Total Assets = = 3.5 X $1,710,000 = $5,985,000

Profit margin = \frac{Net profit}{Net sales} X 100 [tex]= \frac{196,000}{5,985,000} X 100 = 3.27 percent

a) Firm’s return on assets = 11.46 %

b) Return on stockholders’ equity = 19.37%

c) Profit margin = 3.27%

7 0
4 years ago
Below is a list of activities for Purple Cow Incorporated. Required: For each activity, indicate the impact on the accounting eq
myrzilka [38]

Answer:

             Assets        =           Liabilities         +       Stockholders' Equity

<u>1.</u>             1,600                            0                                  1600

<u>2.</u>             -400                            0                                  -400

<u>3.</u>                  0                             0                                        0

<u>4.</u>             -100                             0                                   -100

<u>5.</u>            -400                             0                                  -400  

<u>6.</u>            1000                             0                                       0

              -1000

<u>7.</u>             7000                     7000                                       0  

<u>8.</u>                   0                       200                                  -200

<u>9.</u>           10000                           0                                10000

<u>10.</u>        <u>    -500  </u>                 <u>        0     </u>                        <u>      -500     </u>

Totals     17200                     7200                                10000

5 0
3 years ago
1. The level of prices and the value of money Suppose the price level reflects the number of dollars needed to buy a basket of g
EleoNora [17]

Answer:

Deflation; 10%

8; 9 basket of goods

rises

Explanation:

Given that,

Price of  a basket of goods in year 1 = $10

Price of the same basket in year 2 = $9

There is a fall in the price level from year 1 to year 2, hence, this is known as the deflation in an economy.

Deflation rate:

= [(Price of  a basket of goods in year 1 - Price of the same basket in year 2) ÷ Price of  a basket of goods in year 1] × 100

= [($10 - $9) ÷ $10] × 100

= 10%

In year 1,

$80.00 will buy:

= $80 ÷ Price of  a basket of goods in year 1

= $80 ÷ $10

= 8 baskets of goods

In year 2,

$80.00 will buy:

= $80 ÷ Price of  a basket of goods in year 2

= $80 ÷ $9

= 8.9 or 9 baskets of goods

Therefore, this example indicates that as the price of the goods falls then as a result the value of money rises because with the lower price level, a person can purchase more quantity of goods.

6 0
3 years ago
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