That is false, he took a lot more time trying to find India and instead found America
Answer:
$307,390
Explanation:
Given that,
Cost of Goods Available:
= Beginning Inventory + Net Purchases
= $140,000 + $658,000
= $798,000
Cost of goods Sold:
= [(100 - Gross profit ratio) ÷ 100] × Sales
= [(100 - 29) ÷ 100] × $691,000
= $490,610
Ending Inventory:
= Cost of goods available - cost of good sold
= $798,000 - $490,610
= $307,390
Answer:
Market Power
Explanation:
Market Power is the ability of firms to raise price above the level of perfect competition price. Perfect Competition charge Price = Marginal Cost, Imperfectly, other imperfect markets charge price > MC.
This power is used by imperfect market structures - monopoly, oligopoly, monopolistic competition. They can use this power because - they have control over market price, as they comprise a significant part of market supply. Eg : Monopolies usually use 'artificial scarcity' model to maintain a surplus in market & charge higher prices.
For chapter 7 bankruptcy it takes 10 years for it to be removed from the credit report.
Doing simple math here-
45 + 10 = 55
Johnny will be 55 years old when the bankruptcy is removed from his credit report.
Answer:
c. price competition among agribusiness firms
Explanation:
A non cooperative game is a game where the players (individuals) in a game do not cooperate; the engage in competition in the hopes of earning the highest payoffs.
When firms in an agribusiness engage in price competition, they are not in cooperation and they are hoping to earn the highest revenue.
An example of a non cooperative game is the prisoners dilemna where confessing (Not cooperating) is the best strategy.
