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Evgen [1.6K]
3 years ago
11

The competitive firm's demand curve is: a. unit elastic over the relevant range of output. b. perfectly elastic over the relevan

t range of output. c. perfectly inelastic over the relevant range of output. d. elastic above the market price and inelastic below the market price.
Business
1 answer:
shepuryov [24]3 years ago
7 0

Answer:

perfectly elastic over the relevant range of output.

Explanation:

In a perfect competition there are many firms in the market selling goods that are usually homogeneous in nature. Each individual firm will not be able to influence the price for which it offers goods and services to the customer.

The firm's are price takers and there is no barrier to entry.

This results in a situation where for all levels of quantity demanded there is no change in price, and demand curve is a horizontal line.

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View each of the below-listed provisions that are often contained in bond indentures alone. Which of these provisions would tend
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The answer would be
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2 years ago
Which of the following factors cause a decline to both price and the quantity being sold?An increase in demand No change in dema
Rina8888 [55]

Answer:

The correct answer is: decrease in demand.

Explanation:

The equilibrium price and quantity are determined through the intersection of demand and supply curves.  

An increase in demand will cause the demand curve to move to the right. This will cause both the price level as well as quantity to increase.  

A decrease in supply will cause the supply curve to shift to the left. This will cause the price to increase and quantity to decline.  

A decrease in the demand curve will cause the demand curve to shift to the left. This will cause the price as well as quantity to decline.

7 0
2 years ago
This technique is an iterative process that identifies and defines the work to be completely accomplished in the near term, and
kiruha [24]

Answer:

The correct answer is: Rolling wave planning

Explanation:

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3 years ago
Suppose that consumption depends on the interest rate. how if at all does this alter the conclusions
zalisa [80]
Here is the answer. Suppose that consumption depends on the interest rate, how this alters the conclusions is that at any given level of the interest rate, national saving falls by the change in government purchases. You should also consider <span>what happens when government purchases increase. Hope this helps.</span>
3 0
2 years ago
On January ​1, 2018​, the Cook​'s Restaurant decides to invest in Lake Topsey bonds. The bonds mature on December​ 31, 2021​, an
charle [14.2K]

Answer and Explanation:

The Journal Entry is shown below:-

Investment in bonds is at face value, no question about discount or premium.

Investment is rendered from the time the bonds mature before 2023. Hence, it is an investment as Working for Profit "Held until maturity"

Jan 1, 2018

Bonds receivables  Dr, $140,000

      To Cash  $140,000

(Being Investment in bonds is recorded)

30 June 2018

Cash Dr, $2,400

       To interest income $2,400

(Being six months interest received is recorded)

31 Dec 2018

3. Cash Dr, $2,400

       To interest income $2,400

(Being six months interest received is recorded)

Working note:-

Bond Value                         $140,000

Interest rate                          4%  

Interest earned half

yearly, effective rate

(4% × 6 ÷ 12)                            2%

Half Yearly interest amount

($140,000 × 2%)                     $2,800

3 0
3 years ago
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