Answer:
decline and product diversity in the market increases.
Explanation:
Competitive price searcher markets are those that have little barriers of entry for new firms.
Also the new forms are able to engage in transactions that are profitable. That is they easily take a market share.
In this scenario it will result in greater diversity of products as many firms can now produce goods that will be profitable in the market.
Also it will lead to a decrease in profit of existing firms as the new firm gets some of the market share
Answer: $22,000 and $105,000 respectively.
Explanation:
When the bank loans out all of its remaining excess reserves as a checkable deposit, and has a check cleared against it for that amount, its reserves and checkable deposits will now be respectively $22,000 & $105,000.
Answer:High barriers to exit.
Explanation:Barriers to exit are obstacles or impediments that prevent a company from exiting a market or industry. Typical barriers to exit include highly specialized assets, which may be difficult to sell or relocate, and high exit costs, such as asset write-offs and closure costs.
There were 565,650 deaths in a population of 305 million.
Note that
305 million =\ 305 x 10⁶
100,000 = 10⁵
By proportion, the deaths per 100,000 is
Answer: 185 per 100,000 units
Answer:
The description as per the given question is described below.
Explanation:
The given value is:
Joint costs of processing,
= $150,000
According to the question,
The ratio of sale value will be:
=
=
On adding we get,
=
=
hence,
The amount of joint cost allocated to each product will be:
Sugar,
=
= ($)
Sugar syrup,
=
= ($)
Fructose syrup,
=
= ($)