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bogdanovich [222]
3 years ago
5

In pure competition, producers compete exclusively on the basis of

Business
1 answer:
blondinia [14]3 years ago
7 0

Answer:

a. selling identical items.

Explanation:

A pure competition market is characterized by many firms selling a homogeneous product in a market with many buyers. There are no dominant suppliers; hence no single or group of sellers can influence the price.  Pure competition is also the perfect competition.

The key characteristics of pure competition are

  • There are many buyers and sellers
  • All firms sell an identical product
  • All sellers are price takers. None can influence prices
  • There is intense competition due to the high number of sellers
  • Ease of entry and exit from the market.
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From net earnings of $740 per month, Lisa Jones must spend $200 for her portion of the rent on an apartment she shares with two
vagabundo [1.1K]

Answer:

C. 27%

Explanation:

Percentage calculation will be as follows

Percentage of expense = \frac{Expense\: of \: rent}{Net \: Earnings} \times 100

Here, provided

Net Earnings = $740 per month

Rent paid by Lisa Jones = $200 per month

Therefore, percentage of rent over net income = \frac{200}{740} \times 100 = 27

Therefore correct option is

C. 27%

4 0
3 years ago
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bogdanovich [222]

Answer: Financial

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7 0
3 years ago
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David manages a Shoney's restaurant. He is considering staying open later in the evening. For David, the variable costs associat
Arte-miy333 [17]

Answer:

Rent of the building will remain the same

Explanation:

The fixed costs will not change because fixed cost remains fixed for any level of activity whereas the variable cost changes with the increase in level of activity. As the activity level will change with additional hours work which will increase the variable costs only. So all variable costs will increase whereas fixed will remain fixed. The all the other options were variable costs except rent which is fixed cost. So rent will no change because of additional hours worked.

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4 years ago
What is an ethical dilemma
Anna007 [38]
An ethical dilemma is a complex situation that often involves an apparent mental conflict between moral imperatives, in which to obey one would result in transgressing another.
4 0
3 years ago
A Registered Investment Adviser (RIA) is formed as a partnership. The RIA intends to charge an incentive fee that is based on in
hram777 [196]

Answer:

Explanation:

NASSA rules are set of laws enacted to guide the administration of business and trading activities. Some of the NASAA are protection of vulnerable adults from financial exploitation and guides against unethical practices by investment advisers.

NASSA rules does not forbid RIA from charging an incentive fee based on investment performance, however , it must be able to prove that the fee charged is fair , reasonable and affordable by the customer , in as much as the customer is not being financially exploited.

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