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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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Hero Manufacturing has 5 million shares of common stock outstanding. The current share price is $84 and the book value per share
ludmilkaskok [199]

Answer:

The company's capital structure weights on a book value basis are:

a. 28.57% for equity, and

b. 71.43% for debt.

Explanation:

3 0
3 years ago
List three conditions for perfect competition.Instructions: You may select more than one answer.1. There is only one firm that m
Jobisdone [24]

Answer:

There are no barriers to entry.

5. Both buyers and sellers are price takers

.7. Firms’ products are identical.

Explanation:

A perfect competition is characterised by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.

In the long run, firms earn zero economic profit. If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.

Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.

A monopoly is when there's only one firm operating in an industry.

I hope my answer helps you

6 0
3 years ago
Read 2 more answers
Researchers are always interested in the relationships between or among variables. When two variables are
Alexxx [7]

Based on the correlational analysis of X and Y that is given, we can infer that there is a linear relationship between X and Y.

<h3>What does the correlation analysis show?</h3>

The Pearson correlation coefficient shows if there is a linear relationship between given variables.

In the given table, the Pearson Correlation coefficient is not 0 for either variable which means that a linear relationship does in fact exist between the variables.

Find out more on the Pearson correlation coefficient at brainly.com/question/24084533.

#SPJ1

3 0
2 years ago
Suppose that you are given the following information:
Phoenix [80]

Answer:

a) 406200000

b) 7500000 and 5.36%

c) 0.7

Explanation:

please find the attached file

5 0
3 years ago
Sellers allow customers to use credit cards for all of the following reasons: (You may select more than one answer. Single click
Tasya [4]

Answer:

c. seller receives cash sooner than if credit is granted directly to the customers

d. may allow seller to increase sales volume

Explanation:

When a customer uses a credit card, the bank that issued the card pays the seller immediately, and later, the bank recovers the money plus interest from the customer.

So this method allows for a faster collection of cash (basically immediatly) than if the seller granted the credit directly to the customer.

Credit cards also allow seller to increase sales volume because many people lack the cash necessary to pay down the full value of the purchase.

7 0
3 years ago
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