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3 years ago

In which one of the following instances is the rivalry among competing sellers generally

Business

1 answer:

Likurg_2 [28]3 years ago

5 0

Answer:

I'd say when there are so many rivals that one company's action have little direct impact on the businesses of rivals

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It is important for a good economic model to predict cause and effect so that it can: explain events that have occurred and help

liraira [26]

Answer:

Yes it is

Explanation:

Because Prediction of cause and effect is important for the good economic model. If the economic model observe the cause and effect relationship, then it can be helpful to anticipate from the similar situation in future. For example, recession is causes recession. If the economic model observe it, then it can be helpful to control recession if t occurs in future.

5 0

3 years ago

Read 2 more answers

Under a system of floating exchange rates, changes in the value of the U.S. dollar relative to other currencies are the result o

guajiro [1.7K]

Under a system of freely floating exchange rates, an increase in the international value of a nation's currency will cause its imports to rise.

<h3>What are floating exchange rates?</h3>

A floating exchange rate (also known as a fluctuating or flexible exchange rate) is a type of exchange rate regime in which the value of a currency is permitted to fluctuate in reaction to foreign exchange market occurrences.
A floating currency is one that uses a floating exchange rate, as opposed to a fixed currency, the value of which is determined in terms of material items, another currency, or a group of currencies (the idea of the last being to reduce currency fluctuations).
When the international value of a country's currency rises, so do its imports, and vice versa.

As it is given in the description itself, when the international value of a country's currency rises, so do its imports, and vice versa.

Therefore, Under a system of freely floating exchange rates, an increase in the international value of a nation's currency will cause its imports to rise.

Know more about floating exchange rates here:

brainly.com/question/11160294

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The question you are looking for is here:

Under a system of freely floating exchange rates, an increase in the international value of a nation's currency will ____.

3 0

2 years ago

A firm doubles the quantity of all resources it employs and, as a result, output doubles. Which of the following is correct?

Nuetrik [128]

Answer:

The long-run average total cost curve is flat

Explanation:

When the quantity of all the resources is doubled and, as a result, output doubles then the firm experiences constant returns to scale.

6 0

3 years ago

Selling and pledging accounts receivable LO C3 On June 30, Petrov Co. has $128,700 of accounts receivable. July 4 Sold $7,245 of

irakobra [83]

Answer:

Explanation:

The journal entries are shown below:

On July 4:

Accounts receivable A/c Dr $7,245

To Service revenue A/c $7,245

(Being service provided is recorded)

Cost of goods sold A/c Dr $5,000

To Merchandise inventory A/c $5,000

(Being inventory sold at cost)

On July 9:

Cash A/c Dr $19,200

Factory fee expense A/c Dr $800

To Accounts receivable A/c $20,000

(Being payment is received)

On July 17:

Cash A/c Dr $5,859

To Accounts receivable A/c $5,859

(Being cash is received)

On July 27:

Cash A/c Dr $10,000

To Notes payable A/c $10,000

(Being the amount is borrowed)

No journal entry required

4 0

3 years ago

Describes the location at which hotel goods and services are purchased

Inessa05 [86]

In the rooms because that is where the amenities are located ie the bed comfort, the TV, the view, the room size and then the leaning services and the room service (for food from the restaurants)

4 0

3 years ago