dont cheat on you test just because everyone is in online school because of the coronavirus
Answer:
B) there are many firms in the industry.
Explanation:
Firms that have no power to set price on its own are known as price takers.
An example of firms that are price takers are perfect competition.
In a perfect competition, there are many buyers and sellers of homogenous goods. Prices are set by the forces of demand and supply.
Because there are many sellers of homogenous goods, sellers cannot influence the price of their product. If they increase the price of their product, the quantity demanded would fall to zero.
I hope my answer helps you.
Answer:
$0.45
Explanation:
Given that
Desired lot size = 60
Annual demand = 40000
Holding cost = 20 per unit
Daily production rate = 320
Workdays per year = 250
Recall that
S = (Q^2 H[1 - d/p])/ 2d
Where S = setup cost
D = annual demand
Q = order quality
P = daily production
Seeing that daily demand is not given. We find d
d = 40000/250 = 160
Therefore
S = [60^2 20( 1 - 60/320)] / 2 × 40000
S = 3600 20 ( -1.12)/ 80000
S = $0.45
Answer:
C) purchasing goods at product markets
Answer:
<h2>The answers in this case are <u>will remain unchanged</u> and <u>will remain unchanged </u> respectively.</h2>
Explanation:
- In this case,due to a recession the overall hours of work worked by individual employees or staff are reduced by the employers.
- Now,note that it has been mentioned that everything else or every other factor or component in the economy is constant in the economy and thus,unaffected by the recession.
- Therefore,it can be reasonably assumed that the unemployment rate will remain the same as there has not been any worker expulsion or layoffs as a result of the recession based on the information provided in the question.
- Furthermore,the labor force participation will also presumably remain unchanged as there has been no change in the existing working or employed labor force and/or in the overall population level based on the information presented.
