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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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Over the last year, Eli has been working very hard and his employer has taken notice by giving him a 6% raise in his salary. Dur
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Another way to calculate the number of tax during this example is to multiply your assessed value by 0.0185. Using the millage rate above, a home assessed at $300,000 would have a bill of $5,550. The formula is: Assessed value ($300,000) x millage rate (1.85%, or 0.0185) = land tax ($5,550). To calculate the mileage, or mill rate, a possessor divides the quantity of mills by 1,000.

As an example, say a neighborhood taxing authority encompasses a mill rate of 15 on the assessed value of holding in its jurisdiction. That puts the capital levy rate at 1.5% before any county taxes adjustments or exemptions. To calculate your individual property's effective charge per unit, all you have got to try and do is divide your annual invoice by what you estimate to be the value of your property.

The assessed value estimates the reasonable value for your home. it's based upon prevailing local realty market conditions. Multiply the value of your item or service by the county taxes charge per unit. If you have got a charge per unit as a percentage, divide that number by 100 to induce the charge per unit as a decimal. Then use this number within the multiplication process.

learn more about county taxes: brainly.com/question/25844719

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