What rapidly changing factor has led to the social age in business?

The demand curve facing a perfectly competitive firm is

Answer:

Option (E) is correct.

Explanation:

Under the perfectly competitive market conditions, there are large number of buyers and sellers and there is no restrictions on the entry and exit of the firms. Prices of the goods are determined by the market forces and the demand curve for a firm in a perfectly competitive environment varies significantly from the market demand curve. The demand curve is horizontal because all the goods in a perfectly competitive market are considered as perfect substitutes.

7 0

3 years ago

Assoli18 [71]

<span>Popular author J. K. Rowling, who was once poor, has earned a fortune with her Harry Potter books. Rowling is now a member of the upper-middle class.
Though J. K. Rowling has made a fortune for herself from her Harry Potter series and moves, she started out on the very bottom. Most people in the upper-upper class have been wealthy from generations to generations and it is passed down. Though members of that class can earn it on their own, they are typically people in power over major decisions. Rowling is above the middle class as income goes and falls right in the upper-middle class category. </span>

4 0

3 years ago

If the interest rate in the United Kingdom is 8 percent, the interest rate in the United States is 10 percent, the spot exchange

NISA [10]

Answer:

The answer is $1.78 / £1

Explanation:

Solution

Given that

Interest rate of United kingdom = 8%

Interest rate of United States =10%

Spot exchange rate =$1.75£1

The next step is to find the one year forward rate of exchange

Thus

Forward Rate = S₀ * [ ( 1 + Rus) / ( 1 + RE) ]

=$ 1.75 * ( ( 1 + 10%) / ( 1 + 8%) )

$1.78

Therefore, the forward exchange rate is $ 1.78 / £1

3 0

3 years ago

Recently the government increased the minimum wage from $4,280 per week to $5,300 per week. The inflation rate during the same p

andreev551 [17]

4280 x 1.09 = real wage if constant from period x to period y. Let's call
this number Z.

Find the relationship between Z and the government's wage increase. If 5300 / Z < 1 then the total effect of wage increase/inflation's devaluation of real salary is negative. If the relationship is above one (5300/Z > 1) then the effect is positive for the workers.

6 0

3 years ago

Brief Exercise 4-5 Morgana Company identifies three activities in its manufacturing process: machine setups, machining, and insp

Anni [7]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

The company identifies three activities in its manufacturing process: machine setups, machining, and inspections.

Machine setups:

Estimated annual overhead= $140,000

Cost driver= machine setups

Activity= 2,000 machine setups

Machining:

Estimated annual overhead= $240,000

Cost driver= machine hours

Activity= 24,000 machine hours

Insections:

Estimated annual overhead= $54,000

Cost driver= number of inspections

Activity= 1,200 inspections

To calculate the estimated manufacturing overhead rate we need to use the following formula:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Machine setup:

Estimated manufacturing overhead rate= 140,000/2,000= $70 per machine setup

Machining:

Estimated manufacturing overhead rate= 240,000/24,000= $10 per machine hour

Inspection:

Estimated manufacturing overhead rate= 54,000/1,200= $45 per inspection

3 0

3 years ago