Pure competition or perfect competition is where all firms have full knowledge of what is going on in the market, where there is free flow of information between not only the producers, but also with the consumers.
As such, all firms have no dominant share of market power since each individual firm is able to produce the good of the same quality and quantity (factors of production are fluid, and no costs in transportation in this theory). And at the same time, consumers have full knowledge of the quality of good they are getting and hence no firm will be able to exploit the misinformation of a good for its own profits.
This builds up to the point of a perfectly elastic demand curve, where consumers know what amount and at which price point do they value the product at. And knowing for the fact that small individual firms in a purely competitive firm have no say over prices, they become the price takers for this kind of market. Thus where MB=MC, the equilibrium point is reached and it is also at the socially optimal level since all consumers have full knowledge of the pros and cons of consuming a product (hence no externalities).
Hope this helps!<span />
<span>Through puberty the child's body matures into an adult body capable of sexual reproduction.</span>
For girls, the usual sequence of physical changes in puberty is nipple growth, the growth spurt, and menarche.
Girls pubertal changes<span> usually begin before boys of the same age.
</span>The pubic hair development comes shortly after breast development.
Answer:
EBI Solar
a. Weeks of supply = 14.05 weeks
b. Inventory turnover = 20.5x
Weeks of supply = 2.5 weeks
Explanation:
a) Data and Calculations:
Inventory turnover = 3.7 x
Cost of goods sold = $2.8 million
Average inventory = $756,757 ($2,800,000/3.7)
Current value of inventory:
Raw materials = $95,000
Work-in-process 26,000
Finished goods 15,800
Total = $136,800
a. Weeks of supply = 14.05 weeks (52/3.7)
b. Inventory turnover = 20.5x ($2,800,000/$136,800)
Weeks of supply = 2.5 weeks (52/20.5)
Its easier to save it as a downloaded picture then you go into files on google drive or whatever typing site you use then you drag the picture from your files onto the document
Answer:
7.5%
Explanation:
Since the beta of this portfolio is 1, it means that it is perfectly synced with the market rate of return. We are told that the market rate of return is 7.5%, so that means that the expected rate of return of the portfolio should also be equal to 7.5%.
Beta measures the volatility of the portfolio or the stocks in relation to the market. If the stock is less volatile, the beta will be less than 1, if the stock is more volatile, the beta will be more than 1.
