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e-lub [12.9K]
3 years ago
10

Provide an example of a real-world industry or market that would be described by economists as perfectly competitive. (hint: wha

t are the characteristics of perfectly competitive markets?)"
Business
1 answer:
Leona [35]3 years ago
7 0
A perfectly competitive market is a market where all competitors are very small businesses, supply prices are perfectly elastic, all goods sold are the same(no branding), abnormal profits can only be made in the short run
Perfect competition is a theoretical model so there is no real world example in our world an example I find easy is the milk market since the good is the same no matter the brand and the amount of branding is minimal and there is usually a good amount of competitors in a country 
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The effects of ____ are not sufficiently strong to manipulate consumers, alter their preferences, or make the ad more memorable,
katrin2010 [14]

Answer:

Subliminal stimuli

Explanation:

Subliminal stimuli is defined as a stimulus that is below the sensory capacity of an individual. It is below the threshold where the individual can perceive that there is a change in something. For example if a company is producing potato chips and they want to increase salt content.

The point at which the consumer starts to notice a change in salt content of the potatoe chips is above the subliminal stimuli.

Although subliminal stimuli is not readily perceived it can unconciously influence consumer behaviour.

3 0
3 years ago
Read 2 more answers
One Planters NUT-rition Cranberry Almond Peanut bar weighs 35 grams and is composed of 23% lipid, 57% carbohydrate, 14% protein,
Aloiza [94]

Answer:

C) 42%; 11%

Explanation:

The total calories in one Planters NUT-rition Cranberry Almond Peanut bar =

  • fats: 35 grams x 23% x 9 calories = 72.45 calories
  • carbohydrates: 35 grams x 57% x 4 calories = 79.8 calories
  • proteins: 35 grams x 14% x 4 calories = 19.6 calories
  • total 171.85 calories

percent calories from fat = 72.45 calories / 171.85 calories = 0.4216 x 100 = 42.16% ≈ 42%

percent calories from protein = 19.6 calories / 171.85 calories = 0.1141 x 100 = 11.41% ≈ 11%

6 0
3 years ago
Assume that an American company today invests some of its spare cash in a Hungarian money market account that will earn 8 percen
Artist 52 [7]

Answer:

D. The dollar appreciates against the Hungarian forint.

Explanation:

If after investing, it happens during the next two months that the dollar invested by the American company appreciates against the Hungarian forint.

It would imply that the company will earn less than 8 percent on its investment.

7 0
3 years ago
Read 2 more answers
On January 20, 2017, Tamira Nelson, the accountant for Picton Enterprises, is feeling pressure to complete the annual financial
Nataliya [291]

Answer:

this case tells us about some sort of pressures that accounts feel when financial statements are needed urgently

Explanation:

1) As for using low estimates, this step was wrong on her part. she should have been upfront in her estimates. for the items that she could not estimate there should have been an indication that such items were still under review, instead of doing what she did to give the financial estimate a good look. Using guesses or deliberately using low estimates was a bad idea, GAAP would never condone that.

She should have met with the president and let him know that finalization of the financial statements would not possible within the time frame that he has given. She could have also explain that such delays are normal and she would have given estimates of when the draft internal copy would be made available to him. such steps she took could have resulted in serious consequences for the company

2) I would not inflate or deflate the figures on purpose to make financial statements look better. If it is time to present the draft and final year-end financial statements I will have to tell the truth on the numbers and estimations used and also the reasons for that. i would have explained the constraints that i was facing. if i was still being pressurized by the president,  i would have no choice than to call it quits instead of going against the ethics of my profession, since there are both ethical and legal implications to not giving inaccurate financial statements.

3 0
3 years ago
Megan’s balance sheet shows that on February 7, 2010 she had assets totaling $27,600 and debts totaling $32,500. Which of the fo
balandron [24]

Answer:

Option (C) is correct.

Explanation:

Given that,

Megan’s balance sheet shows:

Total assets = $27,600

Total debts = $32,500

Net worth is the difference between total assets and total liability.

Net worth = Total assets - Total debts

                 = $27,600 - $32,500

                 = -$4,900

Therefore,

Megan’s balance sheet shows the negative worth of $4,900.

4 0
3 years ago
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