Option a.) Legal market prices will rise in the community with a binding price and the prices and quantities sold in communities without non-binding price caps will increase to the prices in communities with non-binding prices. and sales volume.
With binding price caps and the prices and quantities sold in communities without non-binding price caps will increase to the prices in communities with non-binding prices. and sales volume. cap.
"Statutory Market Price" means the current price obtained in the ordinary course of business obtained through open bargaining between a buyer and a seller, and may be verified by sources independent of competition or suppliers. Slightly lower demand going out.
Fair market price means a price based on reasonable costs under normal competitive conditions, not the lowest possible cost
Here is the full question -
Suppose Lewis lives in a community with no price control. What would he expect if his town abuts a municipality that mandates lowest prices on most products?
A) Prices increase in legal markets in communities where minimum prices are mandated.
B) Prices will fall in the legal market of the community where minimum prices are mandated. C) A binding minimum price creates a community surplus.
D) More consumers buy products at the lowest prices within the community.
E) His community's black market will be larger than the community's black market with the required minimum price.
To know furthermore about Legal Market Price at
https://brainly.com/question/15174145
#SPJ4
rather than providing energy to customers from traditional sources like natural gas or electricity, nathan's company is designing glass panels that will harvest energy from the sun. these panels can be built into the walls of homes and reduce energy costs. which environmental marketing strategy does this demonstrate?
Answer: sustainable innovation
Explanation:
in the united states in 2014 real gdp per person was about $56,000, while in some poor countries real gdp per person was less than $5,000. a. true b. false
In some poor countries real GDP per person was less than $5,000 true .
What is the difference between nominal GDP and real GDP ?
Based on the price of the same-year commodities and services, nominal GDP measures the monetary worth of all things and services produced inside a nation's internal borders. Nominal GDP is the Gross Domestic Product (GDP) that excludes the effects of inflation. A nation's nominal GDP is calculated using current-year pricing for goods and services.
Real GDP measures the monetary worth of all products and services generated within a nation's internal borders using the base year's prices for goods and services. Real GDP is a nation's GDP that has been corrected for inflation. Baseline year prices or constant prices of goods and services are used to express a country's real GDP.
to learn more about GDP click:
https://brainly.com/question/834792
#SPJ4
which of the following is a document whereby a bank promises to pay a payee a certain amount of money at a future time?
A certificate of Deposit is a document whereby a bank promises to pay a payee a certain amount of money at a future time.
A record may be dependent, like tabular documents, lists, paperwork, or clinical chart, semi-dependent like an ebook or a newspaper article, or unstructured like a handwritten word. documents are sometimes classified as a mystery, personal, or public. they'll also be defined as drafts or proofs.
The purpose of a document is to facilitate the switch of records from its author to its readers. it is the author's activity to design the report so that the facts it contains can be interpreted accurately and effectively. To do that, the writer can employ a fixed of stylistic tools.
process documentation is the act of capturing or documenting all of the steps in a particular assignment. preferably, it has to happen in real-time. As employees carry out an assignment, they record every step they take.
To learn more about Document visit here:
brainly.com/question/27396650
#SPJ4
the primary goal of innovation is to:apromote social well being.bincrease the number of jobs.ccreate wealth/solve problems.dsupport national econom
The main purpose of innovation is to generate income and address issues. Thus, the right choice is an option (c.) to create wealth/solve problems.
What exactly does the term "innovation" mean?The actual execution of ideas that result in the introduction of new goods or services or improvements in the delivery of goods or services is referred to as innovation. Innovation is defined as "a new or altered entity realizing or dispersing value." Others have distinct meanings; the focus on newness, improvement, and dissemination of ideas or technology is a common aspect in the definitions. Innovation frequently occurs through the creation of more efficient goods, processes, services, technologies, art works, or business models that innovators make available to markets, governments, and society.
To learn more about innovation, click
https://brainly.com/question/17278472
In a perfectly competitive market, the inverse demand curve is and the inverse supply curve is when this market is in equilibrium, what is the consumer surplus? (round only your final answer to one decimal place if necessary)
When a market is in equilibrium, it is allocative efficient (meets societal needs), and the sum of consumer and producer surpluses, or total economic surplus, is the maximised.
The surpluses below depicts this at the point where the quantity required equals the quantity delivered (Q1). Setting inverse supply equal to inverse demand and solving for Q yields the market equilibrium. 8+2Q = 80 - Q, therefore 72=3Q, resulting in Q=24. The price would be 8+2(24) = 56. MSB=80-2Q, therefore the socially ideal consumption point would be where the inverse supply equals MSB, or 8+2Q = 80-2Q, so 72=4Q or Q=18.
To learn more about equilibrium, click here.
https://brainly.com/question/28527601
#SPJ4
japanese tariffs and quotas reduce national welfare the most in: a) agriculture. b) machinery. c) textiles. d) clothing.
The biggest impact of Japanese tariffs and quotas on national welfare is in agriculture. Hence, the correct answer choice for this question will be option (a).
Write a short note on tariffs.The government of a country or a supranational organization may impose a tax on the import or export of goods which is regarded as a tariff. In addition to giving the government money, import tariffs can control international trade and help or defend domestic businesses. Protective tariffs are among the tools of protectionism that are most frequently used, along with import and export restrictions and other non-tariff trade barriers.
There are two different kinds of tariffs: fixed (a set sum per unit of imported goods or a specific proportion of the price) and variable (the amount varies according to the price). Because they become more expensive as a result of taxes, people are less likely to buy imported items.
To know more about, tariffs, visit :
https://brainly.com/question/22685610
#SPJ4
a supervisor has nine identical tasks that must be completed and five (different) employees to whom she may assign them. if she wishes to ensure that each employee is assigned at least one task to perform, how many ways are there to assign the tasks to the employees?
5760 Therefore, for each of the aforementioned 360 assignments, we have 4 4 = 16 4 4 = 16 options for the final two jobs. Therefore, there are 36016=5760 different ways to distribute six jobs among four workers so that each has at least one job.
The act of assigning any authority to another person to carry out particular tasks is known as delegation. It is one of the fundamental ideas of management leadership.
However, the person who assigned the task still bears responsibility for the outcome of the assignment.
To know more about the assignments visit here :
https://brainly.com/question/13809748
#SPJ4
cox construction, a company in its 10th year of business, purchased a piece of equipment on april 1, year 9, for $20,000. cox has used it for business purposes since the initial purchase date. the company depreciated the equipment using the macrs half-year table for 5-year assets. for tax purposes, what is the amount of accumulated depreciation expense for the equipment as of december 31, year 10?
The amount of accumulated depreciation for the equipment as of December 31, year 10 is $10, 400.
The fraction of a fixed asset considered consumed in the current period is referred to as the depreciation amount. The cost is after that added to expenses.
We have Given,
Cox construction, a company in its 10th year of business, purchased a piece of equipment on April 1, year 9, for $20,000. And cox has used it for business purposes since the initial purchase date. Then the company depreciated the equipment using the marcs half-year table for 5-year assets.
Now, we need to find the amount of accumulated depreciation for the equipment as of December 31, year 10
According to the definition of the depreciation amount,
It can be calculated through the following steps by using the purchase amount of equipment,
= 20000 x 0.2 = 4000
= 2000 x 32 = 6400
Now, we have to add these values in order to find the depreciation
= 4000 + 6400
= 10,400
Therefore, the depreciation amount is $10,400.
To learn more about depreciation, visit the link below:
brainly.com/question/14953121
#SPJ4
if nominal income increases by 4 percent and the price level increases by 3 percent, real income must:
Real Income must increase by 1.33 percent.
Real income is nominal income that has been adjusted for inflation. It represents a person's position in the context of purchasing items the standard of living. It has an impact on everyone's purchasing process.
The amount by which the money growth rate increases immediately adjusts nominal income growth. With the potential rate of output growth remaining constant, the long-run inflation rate will rise in tandem with the higher rate of money supply growth.
Real Income = Nominal Income/Price level
Real Income = 4/3
Real Income = 1.33
A one point three three percent increase in real income is required.
To learn more about Nominal income, please refer:
brainly.com/question/14943772
#SPJ4
abc industries contracts with municipal governments to build bridges, viaducts, and similar engineering projects. if a bridge completed in the prior year by abc industries were to collapse, the company would be exposed to which kind of legal liability exposure?
Bridges, viaducts, and other similar engineering projects are built by ABC Industries through contracts with municipal governments. An illustration of premises and operations would be when workers from ABC Industries damage a taxicab while pouring the foundation for a new overpass.
The general aggregate limit applies to all covered personal and advertising injuries under the standard commercial general liability (CGL) policy, with the exception of injuries or damage caused by the products-completed operations hazard.
Except for the following, Advertising Injury Coverage includes Slander, libel, copyright infringement, or the misappropriation of advertising concepts are all examples of wrongful entry in the advertising industry. Personal Injury includes wrongful entry.
Learn more about premises and operations here:
https://brainly.com/question/28877767
#SPJ4
an investor has purchased a bond from you today that will pay that investor $10,000 in 2 years. if the interest rate on this bond is 5%, how much did the investor pay you today (i.e. what is the price of the bond today, aka its present value)?
You sold a bond to an investor today, and in two years, that investor will receive $10,000. If this bond carries a 5% interest rate, the investor will pay you $4762 today.
Is bond pricing at present value?Bond price is calculated as the future cash flow from the bond, discounted to its present value. The par value at maturity is added to the sum of the projected coupon payments' present values. Simple discounting is required to obtain the bond price from the known future cash flows.
A bond's future cash payments are discounted by the going market interest rate to get its present value. The sum of the following factors determines a bond's present value: plus the discounted value of the interest payments due every two years. the principal payment's current value on the bond's maturity date.
In the above query,
Future value= $10,000
Time= 2 years
Interest Rate= 5%
10,000= (x + 0.05x) + (x + 0.05x)
10,000= 2.1x
Present value= $4,762
Learn more about Bond price: https://brainly.com/question/28489869
#SPJ4
a payday loan only charges $35 for a one month loan for $650. (that is, you must pay back the $650 plus $25 in one month.) what annual interest rate is this rate equivalent to? (extend this one month to twelve months)
7.50 percent is annual interest rate which is equivalent to a payday loan interest .
What is meant by Annual interest rate ?
The annual interest produced by an amount that is paid to investors or levied to borrowers is referred to as the annual percentage rate (APR). APR is a percentage that expresses the real annual cost of borrowing money throughout the course of a loan or the revenue from an investment. This does not account for compounding and includes any fees or other expenditures related to the transaction. Consumers can evaluate lenders, credit cards, or investment goods using the APR as a benchmark figure.
An interest rate is written as an annual percentage rate. It accounts for factors like monthly payments and fees to determine what proportion of the principal you'll pay annually. APR is another term for the yearly rate of interest paid on investments that does not take into account the annual compounding of interest.
To learn more about Annual interest rate checkout the link below :
https://brainly.com/question/14837917
#SPJ4
mia's goal for the company this year is to sell its product line internationally. she feels this will increase profits within the next three years by as much as 30%. mia is developing a
Mia's goal for the company this year is to sell its product line internationally. she feels this will increase profits within the next three years by as much as 30%. mia is developing a strategy for the company.
What is a business strategy?Many organizational decisions, such as selecting new staff or creating new goods, are guided by the business strategy. This aids in the definition of the strategies and actions your business must take.
It takes time to develop a business strategy that is consistent with the vision you have for your company. In order to assist you come up with ideas for your own firm, we'll cover what a business strategy is, why it's crucial, the many parts of a business plan, and some real-world examples of business strategies.
A business strategy may be straightforward to understand in theory, but putting one into practice is much more difficult.
Read more on business strategy here:https://brainly.com/question/28561700
#SPJ1
What is a major benefit sales people offer to their business?
A.
ability to answer any question a customer has.
B.
ability to arrange generous credit terms for customers.
C.
ability to create repeat sales opportunities.
D.
ability to calculate sales ratios.
The major benefit that sales people offer to their business is the ability to create repeat sales opportunities. Hence, Option C is correct.
Who are called sales people?Simply put, a sales representative represents a company's brand and sells goods or services on its behalf. They oversee client connections and function as the main point of contact from the time a lead is first contacted until a sale is made.
Without the fundamental knowledge of a product or service, a salesperson's charm, strong communication abilities, and organizational skills are useless.
If a salesperson is insufficiently knowledgeable about the product, there is nothing to discuss and nothing to sell to a potential customer.
Therefore, Option C is correct.
Learn more about sales people from here:
https://brainly.com/question/14299474
#SPJ1
true or false? the leadership team must consciously determine the organizational culture of the organization and guide and direct culture through communication improvement.
The leadership team must consciously determine the organizational culture of the organization and guide and direct culture through communication improvement. This statement is TRUE.
What is Organizational culture?
The underlying ideologies, presumptions, values, and social norms that shape an organization's particular social and psychological environment are known as its organizational culture. When a company starts a process to bring its fundamental values and vision together to achieve its cultural goals, organizational culture change occurs.
Organizational culture is manifested in member self-image, inner workings, relationships with the outside world, and expectations for the future. It includes an organization's expectations, experiences, philosophy, as well as the values that influence member conduct.
To know more about Organizational culture refer:
https://brainly.com/question/28503044
#SPJ4
what type of contract is formed when a seller places goods with a common carrier for delivery after a contract is executed?
A carriage of goods contract is thus the legal instrument entered into between a carrier and a sender goods (or consignor) in which the carrier agrees to transport items in exchange for payment to another person, typically the receiver (or consignee).
A contract of sale of goods is one in which the seller transfers or agrees to transfer ownership of products to the buyer for a fee. A contract of sale may exist between one part-owner and another. A selling contract can be absolute or conditional. This is sometimes referred to as goods. This happens when a seller sells a product and promises to keep it as bailee for the buyer.
To learn more about contract, click here.
https://brainly.com/question/2669219
#SPJ4
assume stock abc has a p/e ratio of 45. analysts forecast its growth over the next five years to be 45%. the industry average p/e ratio is 30 and the industry average growth over the next five years is forecasted to be 20%. is abc a good buy (compared to its industry peers) according to the peg ratio?
Yes, as its PEG ratio is lower than the industry average.
A stock with a PEG ratio of one indicates that it is valued fairly. PEG ratio = P/E ratio/forecast growth rateIf the PEG ratio is less than 1, the stock is undervalued, and if it is higher, it is overvalued.
PEG ratio of ABC stock = 45/45 = 1; industry PEG ratio = 30/20 = 1.5. Based on the PEG ratio, ABC is a good buy because its PEG ratio is lower than the industry PEG ratio.
What does a PEG ratio that is lower mean?
Given expectations for future earnings, the stock may be undervalued more if the PEG ratio is low. For businesses that may have a high P/E ratio and a high growth rate, adding a company's expected growth into the ratio helps to adjust the result.
What if the PEG ratio is lower than one?
A stock that has a PEG ratio below 1.0 may be undervalued and worthy of investment.A stock may be overvalued if the PEG is higher than 1.
Learn more about PEG ratio here:
https://brainly.com/question/28811630
#SPJ4
borrowing affects consumption because, when a household borrows, it can increase current consumption beyond what would be possible if its spending were limited to its disposable income. what will result regarding the current consumption schedule?
Borrowing affects consumption because, when a household borrows, it can increase current consumption. The result will be upward shift regarding the current consumption schedule.
What causes consumption to increase?First, consumption expenditure increases as income does. For every gain in income, consumption increases by the MPC times that increase in income. therefore, the pitch of the consumption get-together is the MPC. Second, at low situations of income, consumption is lesser than income.
What are the shifters of consumption?Shifts of the consumption function can do when a change occurs in one of the independent consumption determinants( prospects, wealth, credit, levies, price situations). For illustration, significant positive returns in the stock request can increase consumer wealth which would beget independent consumption to increase.
Learn more about consumption :
brainly.com/question/29304009
#SPJ4
a product design team is meeting with companies who will be supplying custom made plastic parts. the design team is requiring that each piece received from suppliers has to be labeled or embossed with a symbol or number identifying the type of plastic (pet, hdpe, pvc) from which the component is made. which design practice does the team seem to be concerned with?
Labeling is a design practice that the team seems to be concerned with.
The design team is requiring that each piece received from suppliers has to be labeled or embossed with a symbol or number identifying the type of plastic (PET, HDPE, PVC) from which the component is made.
PET means polyethylene terephthalate. It is a type of plastic which is used most widely used. All our packaged food and packaged drink containers are made up of PET as it does not let oxygen in and spoil the food. It is a type of recycled plastic.
HDPE means High-Density Polyethylene. It is used for milk jugs, grocery bags, pipes, shampoo bottles, lids, etc. It is much stronger and harder than PET.
PVC means Polyvinyl chloride. It is used in construction to produce door and window profiles.
To know more about plastic here
https://brainly.com/question/28420086
#SPJ4
janet recently learned that her credit card company charged her an unauthorized amount of 94 cents on her credit card bill. she reviewed the matter and determined that this charge had been made on a monthly basis for several months. she consulted with a lawyer who told her that in the circumstances the best procedural approach to addressing the problem was for her to b) commence court proceedings in superior court seeking a greater amount for legal costs. a) issue a claim in small claims court for the few dollars that she had been improperly charged. e) forget any court proceedings but try to attract media attention. c) do nothing given the small amount at stake and the costs of litigation. d) seek to have the action against the credit card company certified as a class action thereby allowing her to represent the entire group of possible class members, i.e. those who likewise were billed an unauthorized amount by the credit card company.
The best procedural approach to addressing the problem was for her to seek to have the action against the credit card company certified as a class action thereby allowing her to represent the entire group of possible class members, i.e. those who likewise were billed an unauthorized amount by the credit card company. (option d).
Procedural approach:
A procedural approach is a way of evaluating the performance of business processes based on a model of quantitively and qualitative measurements.
Given,
Janet recently learned that her credit card company charged her an unauthorized amount of 94 cents on her credit card bill. she reviewed the matter and determined that this charge had been made on a monthly basis for several months. she consulted with a lawyer who told her that in the circumstances.
Here we need to find the best procedural approach to addressing the problem was for her.
While looking through the given question the best option is to approaches the court and ask them to take the appropriate action against the credit card company.
So, the correct option is option d. seek to have the action against the credit card company certified as a class action thereby allowing her to represent the entire group of possible class members, i.e. those who likewise were billed an unauthorized amount by the credit card company.
To know more about Procedural approach here.
https://brainly.com/question/14332774
#SPJ4
on january 1, alan king decided to transfer an amount from his checking account into an investment account that later will provide $80,000 to send his son to college (four years from now). the investment account will earn 8 percent, which will be added to the fund each year-end. (future value of $1, present value of $1, future value annuity of $1, present value annuity of $1, financial calculator) (use tables, excel, or a financial calculator.) required: how much must alan deposit on january 1? what is the interest for the four years?
Alan must deposit $58,802.38 on January 1. and The interest for the four years = $21,197.62.
PV = $80,000 / 1.08^4 PV = $80,000 /1.36048896
PV= $58,802.38
2) $80,000 - $58,802.38 = $21,197.62 is the interest for the four years.
A deposit is the act of putting money with a specific entity, most frequently a financial institution like a bank. Deposits by Types
bank account for savings.
Currently Accepting Deposits.
Account with a fixed deposit.
Consistent Deposit Account.
An amount over and above the repayment of the principal sum is known as interest and is paid by a borrower or deposit-taking financial institution to a lender or depositor at a set rate. It differs from a fee the borrower might pay the lender or another party. There are three different kinds of interest: simple (regular), accrued, and compound.
Learn more about interest here :
https://brainly.com/question/13324776
#SPJ4
sally's seashells, a calendar year company, purchased three assets during april of the current year: asset a costing $20,000 with a 5-year recovery period; asset b costing $20,000 with a 7-year recovery period; asset c costing $120,000 with a 27.5 year recovery period. sally wants to maximize her depreciation deduction for the year. if she takes section 179 expense on only one asset, she should chose
The fair market value of any property received is multiplied by any cash received in exchange to arrive at the realized amount.
The adjusted basis is determined by subtracting any deductions for depreciation and depletion from the original cost, adding the cost of improvements and related expenses, and dividing by the total.
Which kinds of assets are typically eligible for the bonus depreciation?(1) MACRS property with a recovery period of 20 years or less, and (2) computer software (other than computer software that must be amortized in accordance with Sec.197), or (3) qualified property for leasehold improvement.
How are gains and losses from asset dispositions calculated?The carrying value of the asset is the asset's original purchase price minus any accumulated depreciation and impairment charges. Add this carrying amount to the asset's sale price. A gain occurs when the remainder is positive. A loss occurs when the remainder is negative.
Learn more about fair market value here:
https://brainly.com/question/8084221
#SPJ4
if the allowance for doubtful accounts has a credit balance prior to recording the adjusting entry for the current period's uncollectible accounts, then the . multiple choice question.
If the allowance for doubtful accounts has a credit balance prior to recording the adjusting entry for the current period's uncollectible accounts, then the estimated amount of uncollectible was greater than the amounts actually written off.
Accounts Receivable is connected to the contracurrent asset account known as Allowance for Doubtful Accounts. The result is referred to as the net realizable value of the Accounts Receivable when the credit balance of the Allowance for Doubtful Accounts is removed from the debit amount in Accounts Receivable.
The account for doubtful accounts is shown on the asset side of the balance sheet, but since it is a contra asset account rather than a normal asset account, it has a normal credit balance.
to know more about doubtful accounts visit
https://brainly.com/question/28944789
#SPJ4
Value takes into account both benefits and price. If price is decreased but benefits remain the same, then.
Value considers both benefits and price. If the price remains constant but the benefits increase the value increases.
The maximum amount an individual will pay for a given good or service is referred to as its economic value. It is determined by a product's benefit and price. The value will rise in tandem with the benefits. The economic value is useful when determining prices at which firms can profit.
If the price remains constant but the benefits increase the value increases.
Demand for goods and services follows the same inverse relationship. When demand rises while supply remains constant, the higher demand leads to a higher equilibrium price and vice versa. Supply and demand fluctuate until an equilibrium price is found.
For more information on the Economic value of goods, visit :
https://brainly.com/question/28222900
#SPJ4
we have seen that over long periods, stock investments have tended to substantially outperform bond investments. however, it is not at all uncommon to observe investors with long horizons holding their investments entirely in bonds. are such investors irrational?
Some investors are extremely risk averse and prefer safer investments. That higher reward does not prevent them from taking on the additional risk.
Investment is the commitment of funds to the purchase of an asset with the goal of increasing its value over time. Investment necessitates the sacrifice of some current item, such as time, money, or effort. In finance, the goal of investing is to earn a return on the invested asset. The return may consist of a gain (profit) or loss realized through the sale of a property or investment, unrealized capital appreciation (or depreciation), or investment income such as dividends, interest, or rental income, or a combination of capital gain and income.
Investors often expect bigger profits from riskier assets. When a low-risk investment is made, the return is often poor. Similarly, high risk entails a significant possibility of loss.
Learn more about prevent here
https://brainly.com/question/14938514
#SPJ4
if the auditor determines that internal controls are not functioning as designed, and a compensating control does not exist, the auditor will assess control risk and the risk of material misstatement (rmm) as
If the auditor determines that inner controls aren't functioning as designed, and a compensating manipulate does now no longer exist, the auditor will determine manipulate chance and the chance of cloth misstatement (rmm) as high and set detection(risk) as low.
The auditor will determine manipulate chance as excessive as inner controls aren't working as deliberate and there may be no different manipulate in place. The auditor will conduct extra sizeable exams to make certain detection chance is low and probabilities of cloth misstatement are low. The audit of inner manipulate over monetary reporting must be included with the audit of the monetary statements. The goals of the audits aren't identical, however, and the auditor should plan and carry out the paintings to obtain the goals of each audits.
ICFR refers to the controls especially designed to cope with dangers associated with monetary reporting. In easy terms, a public company's ICFR includes the controls that are designed to offer affordable warranty that the company's monetary statements are dependable and organized according with GAAP. The auditor must shape an opinion at the effectiveness of inner manipulate over monetary reporting with the aid of using comparing proof received from all sources, including the auditor's checking out of controls, misstatements detected throughout the monetary assertion audit, and any diagnosed manipulate deficiencies.
Learn more about risk of material misstatement visit: https://brainly.com/question/29218228
#SPJ4
one of the defining characteristics of a perfectly competitive market is a. a large number of buyers and a small number of sellers. b. a similar product. c. significant advertising by firms to promote their products. d. a small number of sellers.
One of the defining characteristics of a perfectly competitive market is a similar product.
Understanding perfectly competitive marketA perfectly competitive market is a market whose price will be determined by the market itself (total supply and demand). In a perfectly competitive market, market prices tend to be stable. Regardless of the number of goods purchased or offered, will not increase or decrease the price of goods.
Some examples of perfectly competitive markets are the stock exchange or the capital/money market, the bird market and the market for batik clothing stores.
Features of Perfect CompetitionThe characteristics of a perfectly competitive market are as follows:
• The number of sellers and buyers is very large
• Goods traded are homogeneous (a market that sells only one type of goods)
• Sellers and buyers have the freedom to enter and exit the market or free entry and free exit
• There are no barriers to the mobility of economic resources, from one business to another
• Sellers and buyers understand the state of the market perfectly
• Seller and buyer are free to enter into an agreement
• The government does not interfere with prices, either directly or indirectly.
AdvantagesThe advantages of a perfectly competitive market are as follows:
• Buyers or consumers understand market prices, so there is very little loss or disappointment
• Consumers will feel prosperous, because they are free to enter the market
• There is pure competition, because the goods being traded are homogeneous
• Prices tend to be stable, because market conditions can be known beforehand
• Easy to choose or determine the goods to be traded
• Goods produced can be obtained at the lowest possible cost.
DeficiencyThe disadvantages or weaknesses of a perfectly competitive market are as follows:
• There are only one or two industries/markets that are close to perfect competition
• The existence of external factors that are not taken into account, in the position of the consumer's optimum welfare
• There are no substitutes, because they are homogeneous
Learn more about perfectly competitive market at https://brainly.com/question/13961518.
#SPJ4
What is the best example of an etiquette guideline new employees should follow?
A set of rules for how to act around coworkers, potential business partners, and clients is known as business etiquette. Essentially, it comes down to showing respect for others, being aware of everyone around you, and generally being polite.
Here are the top workplace etiquette rules that everyone should follow:
When you first meet someone, present a professional image by dressing appropriately and using a formal greeting.
Respecting everyone's time and space at work will help to keep the atmosphere positive.
Be just as professional in emails as you are in person. Don't let manners slip just because you interact with team members online.
Learn more about to etiquette visit here : https://brainly.com/question/27404382
#SPJ4
On august 1, , , inc. , sold equipment and accepted a six-month, %, note receivable. year-end is december 31. How much interest revenue should accrue on december 31, ?.
Interest revenue that should accrue on december 31 is $1,000.
It seems the equation is not complete because there is a missing part. The complete question can be seen below:
On August 1, 2016, Hozore, Inc., sold equipment and accepted a six-month, 8% $30,000 note receivable. Hozore's year-end is December 31. How much interest revenue should Hozore accrue on December 31, 2016?
To determine the interest revenue, we can use this formula:
= Principle quantity × rate × period
= $30,000 x 0.08 x 6/12
= $2,400 x 0.5
= $1,200
Interest increased from 1 August- 31 August Gregorian calendar months:
= (Interest quantity ÷ 6 months) × 5 months
= ($1,200 : 6) x 5
= $200 x 5
= $1,000
Learn more about the interest amount at https://brainly.com/question/29333400
#SPJ4
in situational management, a(n) style requires providing very little direction or support to employees, and it is appropriate when interacting with outstanding employees
When dealing with exceptional employees, situational management calls for a(n) empowering style that requires very little guidance or assistance.
Whether it's a company, a nonprofit, or a government agency, management management (or managing) is the administration of the empowering style organization. It is the science and art of managing the business's resources.
Setting an organization's strategy and coordinating the efforts of its staff (or volunteers) to achieve its goals through the use of resources such as financial, natural, technological, and human resources are all included in empowering style management. In management, the terms "run the business" and "change the business" are used to distinguish between the continuation of the management delivery of goods or services and their adaptation to meet the changing needs of customers - see trend. Managers are another group of individuals who fall under the umbrella of "management."
Learn more about management here
https://brainly.com/question/29023210
#SPJ4