Answer:
sell any quantity it wishes at the prevailing market price
Explanation:
A perfect market for competition is a market which has a high degree of competition.
It has the following features
1. With regard to the market, information is great in this rivalry between producer and customer.
2. Free entrance, and exit
3. Deals with same or homogeneous products
4. The buyers and sellers are more in this market
5 There is no transport cost exist
Plus we know that demand curve for perfectly competitive firm is elastic as the firm is price taker and reflected in a horizontal line
Hence, the last option is correct
<span>Workers typically get dirty if they work at a job site for Landfills, Construction sites or in Slaughter Houses</span>
Answer:
The advertising career that interest me the most is marketing
Explanation:
The best example of how companies are upgrading themselves to meet changing customer preferences is personified in option (C) making online shopping services available.
Since customers nowadays prefer to shop online more often than not, many companies are now providing online marketplaces in combination with their traditional brick and mortar stores. Some companies do not even have a pop up store – they purely do their transactions online.
Answer:
2) Set the price of each piece of furniture equal to the marginal cost of producing it.
Explanation:
What happens in two-part tariff is that the producer recovers the entire cost of producing by charging price equal to the marginal cost.
This helps him recover cost and the entire fee the producer charges results in profits eventually. Hence, the profits is the consumer 'surplus' that we calculate given that the price of product is equal to marginal cost.
So answer here is 2- Set the price of each piece of furniture equal to the marginal cost of producing it.
