A firm in a perfectly competitive market: d. must take the price that is determined in the market.
<h3>What is a
perfectly competitive market?</h3>
A perfectly competitive market can be defined as a type of market in which there are many buyers and sellers of homogeneous products, and there is free entry and exit in the market.
This ultimately implies that, all business firms in a perfectly competitive market must be willing to take the price that is determined in the market.
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Answer:
Correct answer is D. All future costs, both variable and fixed
Explanation:
In target costing, all future costs both variable and fixed costs are relevant. This is for us to clearly determine the desired profit that the company wants to attain. The process of costing is to determine all future costs that the company will possibly incur in the production and add it to the desired profit margin to know the unit sales price of the product.
Answer: Alternative 3 will be selected.
Explanation:
The system that should be selected is the alternative that is better than the other alternatives by being higher than MARR if selected.
First compare A1 to A0
The rate of return here is 18% which is higher than the MARR of 15% so Alternative 1 should be chosen over A0 which is to do nothing.
Compare A1 to A2
If A2 is chosen over A1, the incremental return is 10% which is less than the MARR of 15% so A2 should not be chosen over A1. A1 should instead be chosen over A2.
Compare A1 to A3
If A3 is chosen over A1 then the incremental return would be 18%. This is higher than the MARR of 15% so Alternative 3 should be chosen over Alternative 1.
Alternative 3 should be chosen over A1 which should be chosen over A2 and A0.
A3 will therefore be selected.
Answer:
Nominal interest rate (n) = 10% = 0.10
Inflation rate (i) = -2% = -0.02
Real interest rate (r) = ?
Application of Fisher's Equation
(I + n) = (1 + r)(1 + i)
(1 + 0.10) = (1 + r)(1 + -0.02)
1.10 = (1 + r)(0.98)
<u>1.10</u> = 1 + r
0.98
1.1224 = 1 + r
1.1224 - 1 = r
r = 0.1224 = 12.24%
Jimmer's real income will change by 12.24% next year.
Explanation:
In the determination of the rate of change in real income, there is need to apply Fisher's equation. The nominal rate and inflation rate have been given, thus, we will make the real rate the subject of the formula.
Answer:
D. Qualitative methods
Explanation: Research methods are the various Strategic actions and techniques used to carry out a research, it can also be said to the techniques through which a researcher collect data or materials needed for the research.
Qualitative research methods are techniques used in research which involves open ended questions and Communications.
IN QUALITATIVE RESEARCH METHODS ARE SPECIFICALLY DESIGNED TO ENHANCE OPEN COMMUNICATION,IT HELPS THE RESEARCHER TO GET IN DEPTH KNOWLEDGE ABOUT THE RESEARCH AUDIENCE.
