1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
netineya [11]
3 years ago
13

In a perfectly competitive market: Group of answer choices every seller tries to distinguish itself by offering a better product

than its rivals every seller tries to undercut the prices charged by its rivals every sellet takes the price of its product as set by market conditions one seller has successfully outcompeted its rivals so no other sellers remain
Business
1 answer:
Aleks04 [339]3 years ago
8 0

Answer:

Every seller takes the price of its product as set by market conditions.

Explanation:

The correct answer is "every seller takes the price of its product as set by market conditions".

In a perfectly competitive market, the price is determined by the market condition such as demand and supply. Thus, the price will be set at the level where the demand and supply curve intersects. So at this point, the price determined is called the equilibrium price.

You might be interested in
Zytel Corporation produces cleaning compounds and solutions for industrial and household use. While most of its products are pro
SCORPION-xisa [38]

Answer:

4,513 approx.

Explanation:

The computation of the minimum number of jars of silver polish is shown below:-

Sales revenue for one jar of silver polish    $5.60

Sales revenue for 1/4 pound of Grit 337     0.85

($3.40 ×  1 ÷ 4)

Incremental revenue from

further processing                                        $4.75

($5.60 - 0.85)

Incremental costs of further processing:

Processing costs                      $2.40

Selling costs                              $0.40          $2.80

Incremental contribution

margin from further

processing into silver polish

per jar                                                            $1.95

($4.75 - $2.80)

Point of indifference denotes the point where all options are equally profitable. But after that we will see that more processing is profitable. This is due to the fixed costs involved in further production.

Thus Minimum number of jars needed to produce to justify the further processing = Avoidable Fixed cost ÷ Incremental contribution

= $8,800 ÷ $1.95

= 4,513 approx.

8 0
3 years ago
Jiminez, Inc., had the following transactions during the month of March, current year. Prepare an income statement based on this
Citrus2011 [14]

Question Completion:

Cash received from bank loans was $10,000.

Revenues earned and received in cash were $9,000.

Dividends of $4,000 were paid to stockholders.

Expenses incurred and paid were $5,600.

Answer:

Jiminez, Inc.

Income Statement for the month ended March 31:

Revenue                                          $9,000

Expenses                                           5,600

Net income                                      $3,400

Dividends                                          4,000

Retained earnings during the year ($600)

Explanation:

Jiminez, Inc. paid more dividends to stockholders this month than it actually generated in net income.  The excess amount of dividends must be from retained earnings carried forward from the previous month.  In preparing the income statement for the month of March, Jiminez, Inc. must deduct all the expenses from its revenue to obtain the net income before tax.  The bank loan does not form part of the items for the preparation of the income statement, as only temporary accounts are considered.

3 0
3 years ago
Matrice has been working as a creative head at Ace Designs for 10 years. Her growth at Ace has made her one of the industry's fi
olga_2 [115]

Answer: continuance commitment

Explanation:

The above scenario explains a continuance commitment. This occurs when a worker remains with a particular organization after he or she looks at both the benefits and costs of leaving and sees that the cost of leaving the organization outweighs the benefits.

In this case, even though Matrice has had several recruiters offering interviews for possible positions at different companies, he believes that he should stay as a result of the medical insurance benefits that he gets. This is thus referred to as continuance commitment.

5 0
3 years ago
Olivia was returning from her break when her boss saw her and stated, "I noticed your break was especially long this afternoon."
mamaluj [8]

The given change in Olivia’s work presentation happened because of Filtering

<u>Explanation: </u>

A communication barrier is something that stops us from accessing and interpreting communications that other people use to communicate their knowledge, thoughts, and ideas.

Filtering is a transmitter that handles information in this way the recipient would be included more favorably. The number of rates in an organization's framework is the main factor in determining of the filtering. Filtering also happens when the recipient of the message enables multiple persons to pass the information before reaching their final destination.

A Few examples of filtering have included a manager who leaves her boss, the vice-president, in the midst of the bad news, with the poor sales statistics from her division.

6 0
3 years ago
Common Law is?
Alborosie

Answer:

hope this helps uuuuu.......

Explanation:

D........A complete set...

3 0
3 years ago
Other questions:
  • The stock market is experiencing a bear market. Trading volume has been high for weeks. Even the most stable stocks are feeling
    7·1 answer
  • Melissa is the supervisor of customer service and she directly oversees the work of four customer service specialists. melissa w
    5·1 answer
  • The accumulated net income earned since the inception of the corporation and not yet paid to shareholders is referred to as_____
    5·1 answer
  • The bowed shape of the production possibilities frontier can be explained by the fact that
    6·1 answer
  • On the balance sheet, the lease liability is measured as ________. B) the present value of the lease payments less the present v
    9·1 answer
  • A major U.S. manufacturer of children's toys believes its main competitive advantage lies in its continuing development of innov
    12·2 answers
  • Other things the same, when the price level rises more than expected, some firms will have a. higher than desired prices, which
    14·1 answer
  • Exhibit 22-8 Above shows how output changes as the only one variable input, labor, changes. At what unit of labor does diminishi
    5·1 answer
  • As regional manager of a dollar store chain, kamile compares weekly sales reports from each store with projected sales goals and
    11·1 answer
  • In order to overcome the ________ interest groups often provide ________ to their members.
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!