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Archy [21]
3 years ago
14

Consider the markets for three products below. Indicate which characteristics of a competitive market are met by these markets.

Business
1 answer:
Orlov [11]3 years ago
7 0

Answer:

Market : Gasoline

b. Standardized good

c. Full information

e. Participants are price takers.

Market : Barbershop haircuts

a. Large number of buyers

c. Full information

Market : Bicycles

a. Large number of buyers

b. Standardized good

c. Full information

d. No transaction cost

Explanation:

The three markets will have different characteristics which will cause the competition. The Gasoline market has standardized product and the customers are price takers. Usually the prices are fixed for the products and there is no bargaining.

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What legal document transfers the title of real property from one party to another?
aleksley [76]

Answer:

D deed​

Explanation:

Real estate property ownership is recorded and tracked with documents known as the deed or the title deed. The records are in the custody of the County Recorder’s office.  Any transfer of property ownership must be accompanied by a change to the official documents to reflect the new owner. The change in name on the deed documents is what signifies the transfer of ownership.

5 0
2 years ago
Remo Company and Angelo Inc. are separate companies that operate in the same industry. Following are variable costing income sta
lesya [120]

Answer:

<u>Break-even Sales:</u>

      Remo Company                $128,346.17

      Angelo Inc.                        $201,649.86.

Explanation:

Break-even Sales is the dollar amount of revenue at which there will be neither Profit nor Loss. In other words, it a Point at which Contribution Margin is equal to Fixed Costs. The Formula to Calculate Break-even Sales is:

                         Fixed Cost / Contribution Margin Ratio

where

Contribution Margin Ratio is Sales less Variable Expenses, and expressed as a percentage of Sales.

Remo Company

Contribution Margin Ratio = 75,000 / 275,000 = 27.27%

Break-even Sales = 35,000 / .2727 = $128,346.17

Angelo Inc.

Contribution Margin Ratio = 150,000 / 275,000 = 54.55%

Break-even Sales = 110,000 / .5455 = $201,649.86.

3 0
2 years ago
Diego feels he has achieved some measure of respect as a cosmetic surgeon. Now, Diego focuses on being the best he can be. Which
amm1812

Diego is trying to focus and meet his self-actualization needs.

<h3>What is Maslow's Hierarchy of Needs?</h3>

Abraham Maslow's theory of Hierarchical needs explains that people are driven to meet fundamental wants before moving on to more complex requirements.

His theory emphasizes five hierarchical needs, these are:

  • Physiological needs
  • Security and safety needs
  • Social Needs
  • Esteem Needs
  • Self Actualization needs

Therefore, based on the fact that Diego is concerned about his own personal growth and focusing on his career, we can conclude that Diego is trying to focus and meet his self-actualization needs.

Learn more about Maslow's Hierarchy of Needs here:

brainly.com/question/1785981

4 0
2 years ago
THIS IS FOR U.S. GOVERNMENT
aliina [53]
The answer is B . because i said so .
3 0
1 year ago
Mining scenario A mining company owns two mines, each of which produces three grades (high, medium, and low) of ore. The company
Sergeeva-Olga [200]

Answer:

the lowest operating cost is achieved when mine 1 is operated for 0 hours and mine 2 is operated for 2 hours.

Explanation:

Mining hours of mine 1: M1

mining hours of mine 2: M2

Objective function: Minimize operating cost < 200M1 + 160 M2

Explicit constraints:

6M1 + 2M2 ≥ 12

2M1+ 2M2≥ 8

4M1+ 12M2 ≥ 24

Implicit constraints:

M1> 0

M2>0

See the attachment for feasible region

The coordinates of feasible region are (0,0), (2,0),(0,2),(1.5,1.5)

To maximize cost substitute each of these coordinates in objective function

for(0,0)

cost=0 (neglect this cost since M1>0 and M2 >0)

for(2,0)

cost= 320

for (0,2)

cost= 400

for (1.5,1.5)

cost= 540

the lowest operating cost is achieved when mine 1 is operated for 0 hours and mine 2 is operated for 2 hours

8 0
2 years ago
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