The accurate statement about the Securities and Exchange Commission is:
- <u>C. It is an independent agency that regulates finance</u>
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The Securities and Exchange Commission is a government agency that is in charge with protecting the financial interests of the country and making sure that the economy is stable.
Some of the common misconceptions about the SEC are that:
- They can convict people of crimes without a trial
- They are a part of the government’s cabinet department.
- It is associated with the legislative branch.
However, these are all wrong because their activities are totally independent and they regulate finance.
Therefore, the correct answer is option C
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The attached graph shows the required curves to be drawn. One of the curves is called the Marginal Revenue Curve.
<h3>What is a marginal revenue curve?</h3>
At the market price, the marginal revenue curve is a horizontal line, suggesting completely elastic demand, and it is equal to the demand curve.
Monopoly occurs when one corporation is the exclusive vendor of a distinct product in the market.
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Full Question:
The graph shows the market for smart rackets.
Suppose the profit-maximizing output is 160,000 smart rackets.
Draw the firm's marginal revenue curve. Label it MR.
Draw the firm's marginal cost curve. Label it MC.
Draw a point at the profit-maximizing output and price.
Draw a shape to show the firm's economic profit. Label it.
Answer: 1/2
Explanation:
When y is inversely proportional to x. This implies that:
y = k/x
If y = –8 when x = –2, then the constant of proportionality will be;
y = k/x
-8 = k/-2
k = (-8 × -2)
k = 16
when x = 32, the value of y will be:
y = k/x
y = 16/32
y = 1/2