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Minchanka [31]
3 years ago
5

n the theory of perfect competition, the assumptions of many buyers and sellers, the production of a homogeneous product, and th

e possession of all relevant information by buyers and sellers imply that the perfectly competitive firm a. has a demand curve that is perfectly inelastic. b. has a demand curve that is perfectly elastic. c. sets the price it wishes. d. has a demand curve that is downward sloping
Business
1 answer:
Ne4ueva [31]3 years ago
7 0

Answer:

b. has a demand curve that is perfectly elastic. c. sets the price it wishes

Explanation:

Elasticity of demand is a measure of the degree of change in quantity demanded to changes in price.

For a perfectly elastic demand it means that an infinite quantity of a product will be required by consumers at a particular price. The perfectly elastic demand curve is usually horizontal.

In perfectly competitive markets elasticity of demand is perfectly elastic because there are many buyers and sellers, production of a homogeneous product, and the possession of all relevant information by buyers and sellers.

So prices between products tend to be the same

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Pie

Answer:

UNEMPLOYMENT..

main cause..

3 0
3 years ago
Goldin Corporation currently pays its salesperson a flat salary of $5,000 per month and is considering paying him $20 per unit i
Naddik [55]

Answer:

The net operating income will c. increase by $7,000

Explanation:

The formula to calculate net operating income  is =

Gross income - Operating expenses

If  Sales are equal to 200 units  and the payment for a salesperson is

a flat salary of $5,000

Gross income = 200  * $80 = $16,000

and

Operating expenses = $5,000

so

Net operating income = $16,000  - $5,000 = $11,000

If  we rise the Sales to 300 units then the payment for the salesperson will be 20$ * 300 = $6,000.

Gross income = 300  * $80 = $24,000

and

Operating expenses = $6,000

so

Net operating income = $24,000 - $6,000 = $18,000

$18,000 -  $11,000 = $7,000

6 0
3 years ago
Effects of the launching of Sputnik included:________
Genrish500 [490]

Answer:

Option D

Calls for more funding for science education in America the growth of the antiwar movement

Explanation:

Due to the cold war, the need for superiority in science and technology was created, and the U.S and Russia were the two countries running the arms race to gain superiority. When Russia launched the first rocket into space, The US responded by channeling funds into research and development. This was done in order to launch their own satellite into space as well. This was achieved a few years later with the launching of the Explorer 1

3 0
3 years ago
Suppose you know a company's stock currently sells for $90 per share and the required return on the stock is 8 percent. You also
maks197457 [2]

Answer: $3.46

Explanation:

Given the following :

Current share price (P0) = $90 per share

Required return on stock= 8%

total return on the stock is evenly divided between a capital gains yield and a dividend yield ;

Therefore, Required return on stock= 8% ;

4% capital gain yield + 4% Dividend yield = 8%

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D1 = D0(1 + g)

D1 = value of next year's Dividend

D0 = current Dividend yield

g = Constant growth rate

D1 = current stock price * g

D1 = 90 * 0.04 = 3.6

D1 = D0(1 + g)

D0 = D1 / (1+g)

D0 = 3.6 / (1+ 0.04)

D0 = 3.6 / 1.04

D0 = $3.46

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At the end of the next four years, a new machine is expected to generate net cash flows of $8,000, $12,000, $10,000, and $15,000
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