Answer:
1. A graphical representation of the relationship between the price of a good and the amount of the good that buyers are willing and able to purchase at various prices.
-Demand Curve
2. The amount of a good that buyers are willing and able to purchase at a given price.
-Quantity Demanded
3. The claim that, other things being equal, the quantity demanded of a good falls when the price of that good rises.
-Law of Demand
4. A table showing the relationship between the price of a good and the amount that buyers are willing and able to purchase at various prices.
-Demand Schedule
Explanation:
Answer:
The answer is C.
Explanation:
In a competitive market, all firms produce identical goods and services. No firm or seller can influence the prevailing market price. To increase their revenue, firms must increase their outputs.
In this industry, firms make economic profit(revenue minus accounting cost minus implicit cost) in the short run but this economic profit reduces to zero in the long run because more firms that are attracted by the short run profit can enter the industry freely. Firms can also exit with little or no cost.
Answer:
B. Best would be considered the parent entity.
Explanation:
When a company owns another companies stock of 90% or more it would be considered as parent entity. The parent entity can control the the subsidiary. The financial statements will be consolidated into parents companies accounts.
