A perfectly competitive market is a market where there are many buyers and sellers of identical goods. The price of a good is determined by market forces. This means that price is determined at the intersection of the demand curve and supply curve for a good.
If a seller attempts to set the price for his good, the demand for his good will fall to zero as consumers would patronise other sellers who sell identical goods at a cheaper price. This means that the demand for goods in a perfectly competitive firm is perfectly elastic. Thus, the demand curve is horizontal.
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Answer:
Stocks can have negative growth rates.
Explanation:
The growth rate of stocks can be negative zero and positive. Hence, it is not necessary that the growth rate should be constant. Hence, the correct option in the following statement is "<u>Stocks can have negative growth rates"</u>
She would need some science classes as for high school, but she would also need to go to beauty school and get her cosmologist license, and it also would depend on what she wants to do whether she wants to do hair or makeup or nails etc.
Answer:
Craig's Bowling, Inc
Income Statement for the month of July
Sales ($13,300 + $8,000) $21,300
Less: Cost of goods sold ($3,490)
Gross profit $17,810
Less: Expenses
Insurance ($1,800 / 3) $600
Wages $4,500
Repair expenses $1,800
Electricity bill $2,000
Total expenses ($8,900)
Net profit $8,910
Note:
Note that the purpose of the income statement is to calculate the profit or loss for a specific period, and not the cash flows during that period. Hence, transactions c., d. and e. are not to be recorded in the income statement for the month of July.
Answer:
The answer is by increasing tax rate or reducing its spending or both.
Explanation:
Fiscal policy is the use of government spending and government revenue (tax) to control the economy.
If the economy is growing at a faster rate than what it can sustain in the long run, it means the economy is overheating. All the participants (firms, households, government) are spending heavily.
The government can slow it down by increasing the tax rate of both the households and business. With this, the disposable income of households will reduce and will have lesser money to spend and business profit too will reduce and this will reduce their spending on investments.
Or by reducing its own spending on infrastructure or both at the same time.
