Since individual buyers and individual sellers in a competitive market have no influence on the market price, what do we call the buyers and sellers in a competitive market?

Answers

Answer 1

In a competitive market, the buyers and sellers are commonly referred to as price takers.

This term reflects the idea that individual buyers and sellers in a competitive market have no influence or control over the market price. They must accept the prevailing market price as determined by the overall supply and demand conditions.

As price takers, individual buyers and sellers adjust their quantities demanded or supplied based on the market price, without the ability to significantly impact or manipulate it. This assumption of price-taking behavior is a key characteristic of perfect competition, where no individual participant can exert enough market power to influence prices.

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Related Questions

The above figure shows the demand and supply curves in the
market for milk. If the government imposes a quota at 500 gallons,
calculate the deadweight loss.

Answers

The deadweight loss resulting from the imposition of a quota at 500 gallons in the market for milk can be calculated by measuring the area between the demand and supply curves within the restricted quantity.

To calculate the deadweight loss, we need to analyze the impact of the quota on the market equilibrium. The quota sets a maximum limit on the quantity of milk that can be produced and consumed, regardless of market demand and supply.

Before the imposition of the quota, the market would have reached an equilibrium where the quantity demanded and supplied intersected. However, with the quota in place, the quantity supplied will be limited to the imposed quantity of 500 gallons, while the demand may exceed this restriction.

The deadweight loss is represented by the area between the demand and supply curves within the restricted quantity. This triangular area signifies the lost welfare or economic efficiency due to the quota. It represents the potential gains that could have been achieved through voluntary transactions between buyers and sellers if the market was allowed to reach its equilibrium without the restriction.

The size of the deadweight loss will depend on the elasticity of demand and supply in the milk market. If both curves are relatively inelastic, the deadweight loss will be larger as there is a significant disparity between the restricted quantity and the quantity that would have been traded in the absence of the quota.

Calculating the exact numerical value of the deadweight loss requires specific information about the shape and position of the demand and supply curves in the given figure. By measuring the area between the curves within the restricted quantity, the magnitude of the deadweight loss resulting from the imposed quota can be determined.

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Pls help me with this question!

Pls help me with this question!

Answers

The type of bank that contributes to the national economy by managing accounts and credit lines for both individuals and businesses is a commercial bank. So, the correct choice is option C.

Commercial banks are financial institutions that play a vital role in the economy by providing a wide range of banking services to individuals, businesses, and governments. They accept deposits from customers and offer various types of accounts, including checking accounts, savings accounts, and certificates of deposit. Commercial banks also provide loans and credit lines to individuals and businesses to support their financial needs.

By managing accounts, commercial banks facilitate the safekeeping of funds for individuals and businesses, allowing them to make transactions, earn interest on their deposits, and access their funds conveniently through various banking channels.

Furthermore, commercial banks contribute to the national economy by extending credit lines to individuals and businesses. These credit lines can be used for various purposes, such as financing investments, expanding businesses, purchasing assets, or managing cash flow. By providing credit, commercial banks support economic growth, entrepreneurship, and job creation.

In summary, commercial banks are the type of bank that actively contributes to the national economy by managing accounts and credit lines for both individuals and businesses, playing a crucial role in promoting financial stability and facilitating economic activities.

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HELP! i need help with this brochure project for economics and personal finance. its about Understanding Checking and Debit Accounts can someone please give me the information or something for it or if u have already done it can you please give it to me.
the document has all the information.

Answers

Answer:

PLEASE DO YOU HAVE IT NOW I NEED IT ASAPP

Explanation:

please I need to graduate

Your roommate told you she doesn’t need renter’s insurance because her parent’s homeowner’s policy covers her stuff. Is she correct? Explain your answer.

Answers

Answer: no she is not correct because if she has her own house or apartment then no she is not on homeowner's insurance. now she has to get her own.

Explanation:

hope this helps.

The roommate should not be correct.

What is insurance?

Insurance represents the arrangement where the company or the government agency gives the guarantee with respect to the compensation for the particular loss, damage and in return, the payment should be made with respect to the premium. Also, she is not correct since she has her own house so it is not the homeowner insurance.

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________ could lead the marketing manager to decide to price at some market average price, or perhaps above or below it in the context of penetration or skimming objectives.

Answers

Market factors, such as competition, customer preferences, and product positioning, could lead the marketing manager to decide to price.

When determining the pricing strategy for a product, marketing managers take into account various market factors that influence their decision. These factors include competition, customer preferences, and the desired product positioning in the market. Competition plays a significant role in pricing decisions. If the market is highly competitive with multiple similar products, the marketing manager may choose to price the product at the market average. This strategy aims to remain competitive and attract customers by offering a price that is in line with what other companies are charging for similar products. Alternatively, if the objective is to gain a larger market share or penetrate a new market segment, the marketing manager may choose to price the product below the market average. This penetration pricing strategy seeks to attract price-sensitive customers and generate initial sales volume. Ultimately, the pricing decision depends on a careful analysis of market factors, the company's objectives, and the perceived value of the product to customers.

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The policy of the Japanese that most closely paralleled the conditions described in the passage was
a) forcing conquered peoples into deadly coerced labor programs
b) engaging in surprise military attacks, such as the one on Pearl Harbor
c) attempting to liberate the people of Asia from Western imperialism
d) invading Manchuria after an attack on a Japanese railway station there

Answers

Answer:

A

Explanation:

forcing conquered peoples into deadly coerced labor programs

Someone help me please.... I really appreciate

Someone help me please.... I really appreciate

Answers

Personal goal: A personal goal I have is to be and active citizen to my community. Help others, pick up trash.

High school Goal: My high school goal is to graduate, so I can get into and Ivy League school.

Financial goal: My goal is to have enough money for my college tuition.

What type of account is used regularly and handles day-to-day
transactions?
A Line of credit
B Money market
C Checking
D Savings

Answers

people mostly use checking so the answer is c
The answer is C, Checking
You use a checking account for day to day transactions. Debit card, checks and deposits are typical transactions for a checking account.

What statement accurately portrays the volume of goods and services traded in 2013?
a. Trade in services including activities such as travel, music and movies accounted for about $18 trillion of total trade in 2013
b. The volume of goods and services traded in 2013 was almost 6 times larger than the $4 trillion of trade in 1990.
c. trade in services is growing more slowly than trade in merchandise
d. Physical goods such as automobiles, food and clothing accounted for about one third of all international trade in 2013

Answers

The statement that accurately portrays the volume of goods and services traded in 2013 is option b. The volume of goods and services traded in 2013 was almost 6 times larger than the $4 trillion of trade in 1990.

This suggests that international trade has significantly increased over the years, indicating a growing global economy. While option a highlights the significant contribution of trade in services, it does not provide an accurate portrayal of the overall volume of goods and services traded. Option c suggests that trade in services is not as important as trade in merchandise, which is not entirely true. Option d provides some insight into the types of goods traded but does not accurately portray the overall volume of trade. Therefore, option b is the most accurate statement regarding the volume of goods and services traded in 2013.
The statement that accurately portrays the volume of goods and services traded in 2013 is:

b. The volume of goods and services traded in 2013 was almost 6 times larger than the $4 trillion of trade in 1990.

This statement highlights the significant growth in global trade over the years, reflecting the increasing interconnectedness of economies and the expansion of international markets.

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If a country has lower overall productivity levels than its trading partners, then it will Group of answer choices have a lower standard of living than its trading partners. be unable to export. have a trade deficit. not be able to obtain gains from trade.

Answers

If a country has lower overall productivity levels than its trading partners, then it will:

Have a trade deficit.Not be able to obtain gains from trade.

Lower over productivity level

In a situation were a  country has lower overall productivity levels than its trading partners this mean that the country cannot benefit from trade.

Which in turn mean that the country with the lower productivity level cannot gain from trade because no comparative advantage for the country.

Therefore it will have a trade deficit and not be able to obtain gains from trade.

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Describe your motivation for becoming a licensed cosmetologist/manicurist.

please help ​

Answers

There are several facets to the beauty industry that may be explored, including hair, cosmetics, and fashion, and one of those facets is cosmetology.

It's pleasant and gratifying to be someone who helps other people look their best. A profession as a cosmetologist might be ideal for you if you take pleasure in doing manual labor and consider yourself to be someone who gets along well with others. This is further explained below.

What is a cosmetologist/manicurist.?

Generally, Manicurists are certified cosmetologists who focus only on providing manicures. You may get a gel manicure or French tips thanks to their skill with design and application. Moreover, they are well-versed in the care and treatment of nails.

In conclusion, You don't need an obsession with hair, cosmetics, and fashion to succeed in the cosmetology industry. Helping others shine visually is a rewarding and entertaining activity. Become a cosmetologist if you are outgoing, creative, and love using your hands.

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In Chapter 1 of the text, you were told the true story of the mathematicians with new offices who were not sure how to allocate them. One approach to allocation was an auction. What are some other possible approaches? What does the Coase theorem tell you about the final distribution?

Answers

In addition to an auction, some other possible approaches to allocating the new offices could include:

1. First-come, first-served: This approach would allocate offices based on the order in which people requested them.
2. Random assignment: This approach would randomly assign offices to each mathematician.
3. Seniority-based allocation: This approach would allocate offices based on the number of years each mathematician had been with the company.


As for the Coase theorem, it suggests that the final distribution of the offices will ultimately depend on the transaction costs involved in each allocation method. If the transaction costs are low, then it doesn't really matter which allocation method is used, as the final distribution will end up being the same regardless. However, if the transaction costs are high, then the allocation method used can significantly affect the final distribution.

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What phrase could a licensee use in advertising that would not discriminate on the basis of familial status

Answers

Senior discount is the phrase that a licensee could use in advertising that would not discriminate.

A familial status discrimination is known to occurs when the landlord, manager  or property owner treats someone very differently.

The other options clearly discriminate the familial status.

Hence, the Senior discount is the phrase that a licensee could use in advertising that would not discriminate.

Therefore, the Option is correct.

Missing options "Couples only Empty nesters No bicycles allowed Senior discount"

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Prices are rising (inflation) but wages have stayed the same. This makes it difficult for people to afford products they need.

What can the government do to help with this problem?

Does this expand or contract the government - explain?

Answers

Answer:

Its up to the government

Explanation:

We cant do things for them but we can make them consider what we could do

Answer:

yes it expands.

Explanation:

it's obvious

What are some of the advantages of incorporating?
A. All businesses are required by law to incorporate.
B. Business owners are protected from liability and lawsuits.
C. Incorporation is the least expensive business structure.
D. Incorporation makes a business more likely to succeed.

Answers

when a company uses a single manufacturing overhead account, the account is (debited/credited) when overhead is applied to jobs. (enter either debited or credited.)

Answers

When a company uses a single manufacturing overhead account, the account is credited when overhead is applied to jobs. In the context of manufacturing overhead, a single manufacturing overhead account is used to record all the indirect costs incurred in the production process.

These costs include items like factory utilities, maintenance, and depreciation. When overhead costs are applied to jobs, it means that the manufacturing overhead account is being used to allocate these costs to the specific jobs that incurred them. This allocation is necessary to accurately determine the total cost of each job. Since the manufacturing overhead account is a temporary account, it needs to be zeroed out at the end of each accounting period. This is achieved by closing the account, which involves transferring the balance to the Cost of Goods Sold (COGS) account. To close the manufacturing overhead account, it needs to be debited.

However, when overhead costs are initially applied to jobs, the manufacturing overhead account is credited. This is because the costs are being transferred from the raw materials inventory and work-in-progress accounts to the manufacturing overhead account.  In summary, the manufacturing overhead account is credited when overhead costs are applied to jobs, and then debited when the account is closed at the end of the accounting period. The account is credited when overhead is applied to jobs.

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A 40 -year maturity, 10% coupon bond paying coupons semiannually is callable in five years at a call p a. What is the yield to call annually? (Do not round intermediate calculations. Round your answer to 3 b. What is the yield to call annually if the call price is only $1,100? 9 coupons semiannually is callable in five years at a call price of $1,150. The bond currently selis at a yield to maturity of 9.00% (4.50\% per half-year). Sund intermediate calculations. Round your answer to 3 decimal places.)

Answers

The yield to call annually if the call price is only $1,100, follow the same steps as above but use the call price of $1,100 instead.                                                         To calculate the yield to call annually for a 40-year maturity, 10% coupon bond paying coupons semiannually that is callable in five years at a call price, you can use the following steps:

Determine the present value of the bond's cash flows until the call date using the yield to call rate.
Determine the present value of the bond's cash flows after the call date using the yield to maturity rate.
Calculate the yield to call rate by equating the present value of the bond's cash flows until the call date and the present value of the cash flows after the call date.
Here's how you can calculate the yield to call rate:
Calculate the present value of the bond's cash flows until the call date using the yield to call rate. This includes the bond's coupons and the call price.
Calculate the present value of the bond's cash flows after the call date using the yield to maturity rate. This includes the remaining coupons until maturity.
Equate the present value of the bond's cash flows until the call date with the present value of the cash flows after the call date and solve for the yield to call rate using a financial calculator or Excel.

To calculate the yield to call annually if the call price is only $1,100, follow the same steps as above but use the call price of $1,100 instead.

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How do performance standards best promote ethical behavior?

Answers

Answer:

reviews and if manage hold themselves to a high standard of ethical behavior how do managers deal with overstaffing problems teaching employees better time management/.

Explanation:


Type the correct answer in the box. Spell all words correctly.
Ideally, what should more than one member of the family contribute to for a better financial position?
A family can have more than one person contributing to the household _______
for a better financial position.

Answers

A family can have more than one person contributing to the household income for a better financial position.

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What caused the change in the yen's exchange rate? According to this graph, how has the yen's exchange rate changed?.

Answers

Answer: demand decreased

and

it has fallen

Explanation:

hope this helps <3

Decrease in demand has caused the change in the yen's exchange rate. Due to decrease in demand yen’s exchange rate has fallen.

What is exchange rate?

The value of one country's currency in comparison to that of another or an economic region is known as the exchange rate. The majority of exchange rates are free-floating and fluctuate according to market supply and demand. There are some exchange rates that are restricted and not free-floating; instead, they are tied to the value of other currencies.

Exchange rates are typically either free-floating or set. Changes in the foreign currency market cause a free-floating exchange rate to rise and decrease. The value of one currency is linked to a set exchange rate. Spot rates, often known as cash values or market values, are one type of exchange rate that might exist. An exchange rate may also have a forward value, which is determined by predictions of the currency's future worth in relation to its current spot price.

Changes in the foreign currency market cause a free-floating exchange rate to rise and decrease. The value of one currency is linked to a set exchange rate. Spot rates, often known as cash values or market values, are one type of exchange rate that might exist. An exchange rate may also have a forward value, which is determined by predictions of the currency's future worth in relation to its current spot price. For example, USD stands for the United States dollar, while EUR stands for the Euro. EUR/USD is the currency pair that represents the dollar and the euro. It's USD/JPY, or dollar to yen, in the case of the Japanese yen. A conversion rate of 100 means that one dollar equals 100 yen.

One notable example of a nation with a restricted rate structure is China. The Chinese yuan is a currency that the government also controls. The Chinese government decides on a midpoint value for the currency each day, which gives the yuan a trading range of 2% from the midpoint.


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What is the best reason for homebuyers to create a budget before taking out a mortgage?

to compare the value of their home with that of their neighbors
to plan how to pay off the money they have borrowed
to set aside enough money to refinance the loan
to figure out how long they can stay in their home

Answers

The best reason for homebuyers to create a budget before taking out a mortgage is to : Plan how to pay off the money they have borrowed.

What is a mortgage?

A mortgage is an agreement(legal) between a bank and the buyer in which the bank lends money to the buyer to purchase a house.

When a buyer takes a mortgage, the buyer agrees to pay back the money in full with an agreed interest rate, at a stipulated time.

Types of actions that can be taken with a mortgage are :

Purchase a homeMaintain a homeMaintain other types of real estate

Therefore, the best reason for homebuyers to create a budget before taking out a mortgage is to plan how to pay off the money they have borrowed.

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Answer:

b

Explanation:

The following financial statement data are for the year ending December 31 for Agency Company:Sales $300,000Total assets: Beginning of year 200,000End of year 100,000Based on this information, the amount to be used as the denominator in the asset turnover ratio isa.$150,000.b.$100,000.c.$300,000.d.$200,000.

Answers

Based οn this infοrmatiοn, the amοunt tο be used as the denοminatοr in the asset turnοver ratiο is $150000 .

Net Sales / Average Tοtal Assets = Asset Turnοver Ratiο, It is the tοtal sales fοr a certain time less any custοmer refunds, allοwances, οr discοunts. When cοmparing asset turnοver ratiοs between οrganizatiοns, make sure the net sales figures are frοm the same time periοd. PPE Turnοver Ratiο Calculatiοn

Divide net sales by tοtal prοperty, plant, and equipment net οf cumulative depreciatiοn tο determine the fixed asset turnοver ratiο. The asset turnοver ratiο is a metric that demοnstrates hοw well a cοrpοratiοn uses its οwn resοurces tο create incοme οr sales. A statement οf a cοmpany's assets, liabilities, and capital at a specific mοment in time, οutlining the balance οf revenue and spending during the year.

Average tοtal assets= (Beginning οf year + End οf year)/2

= (200000+100000)/2

= 150000

Sο, the answer is οptiοn A) $150000

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who is the president in Italy​

Answers

Answer:

Sergio Mattarella

Explanation:

Sergio Mattarella OMRI OMCA (Italian pronunciation: [ˈsɛrdʒo mattaˈrɛlla]; born 23 July 1941) is an Italian politician, jurist, academic and lawyer who serves as the 12th and current president of Italy.

Answer:

Sergio Mattarella

Explanation:

Sergio Mattarella OMRI OMCA (Italian pronunciation: [ˈsɛrdʒo mattaˈrɛlla]; born 23 July 1941) is an Italian politician, jurist, academic and lawyer who serves as the 12th and current president of Italy.

suppose a firm is allowed to operate as a monopoly due to the presence of large economies of scale. social welfare can potentially gain if

Answers

Suppose a firm is allowed to operate as a monopoly due to the presence of large economies of scale. Social welfare can potentially gain if: price is regulated at the socially efficient level. The correct option is (b).

Monopolies have the ability to set prices higher than the marginal cost of production, which can lead to reduced output and higher prices, resulting in a deadweight loss to society. By regulating the price at the socially efficient level, it ensures that the price charged by the monopolistic firm aligns with the marginal cost of production, leading to a more optimal allocation of resources and maximizing social welfare.

Thus, the ideal selection is option (b).

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The complete question might be:

Suppose a firm is allowed to operate as a monopoly due to the presence of large economies of scale. Social welfare can potentially gain if

Multiple choice question.

A profits are regulated at the socially efficient level.

B price is regulated at the socially efficient level.

C profits are forced to be negative.

D the HHI exceeds 1,800.

The product is shown without a decimal point. Where should the decimal point be placed?

3.12 × 4 = 1248

5th grade work

Answers

Answer:

Answer:B Place the decimal point after 2

Explanation:

All you have to do is multiply 3.12 times 4


A financial institution that accepts deposits, makes loans, and provides other
financial services is a(n):

A. contractual institution.
B. depository institution.
C. fractional reserve institution.
D. investment institution.

Answers

Answer:

B. depository institution.

Explanation:

Depository financial institutions provide customers with a wide range of financial services. They accept customer's deposits, issue loans, process checks, facilitate local and international payment, among others.

Depository financial services comprise commercial banks that are profits oriented and not-for-profit institutions such as credit unions and thrift institutions. Commercial banks charge a higher interest rate on loan issued than credit unions. However, banks can issue bigger loans than credit unions.

Answer:it’s not B

Explanation:

Got wrong on A.P.E.X

What would happen in the market for loanable funds if the government were to decrease the tax on interest income for savers? Group of answer choices Interest rate would be unaffected The effect on the interest rate is uncertain Interest rates would fall Interest rates would rise

Answers

Answer:

The interest rate would be unaffected.

Explanation:

Option A, “Interest rate would be unaffected” is correct because, in a market for loanable funds, the government has decreased the tax rate on the amount of interest. At the same time, this will increase the interest-earning of consumers however the interest rate on the money will be unaffected. The intervention made by the government resulted in an increase in interest-earning. Moreover, a reduction in the tax rate will induce people to save more in order to earn more interest.

Logistics systems having a very heavy inbound flow and a very simple outbound flow are reverse systems.
a. true
b. false

Answers

The statement "Logistics systems having a very heavy inbound flow and a very simple outbound flow are reverse systems" is false.

A reverse logistics system, also known as a "closed-loop" system, is a process of moving goods from their final destination for the purpose of capturing value, or proper disposal. It involves the movement of goods from the customer back to the manufacturer or retailer.
On the other hand, a logistics system with heavy inbound flow and simple outbound flow is a traditional logistics system that involves the movement of goods from the supplier to the customer. This process is straightforward, with the primary objective of delivering goods to the customer efficiently and effectively.
Therefore, it can be concluded that the given statement is incorrect, and logistics systems with heavy inbound flow and simple outbound flow are not reverse logistics systems.
A logistics system with a heavy inbound flow and a simple outbound flow is not necessarily a reverse system. Reverse logistics systems specifically deal with the management of products and materials moving in the opposite direction of the traditional supply chain (e.g., from the consumer back to the manufacturer or distributor). This is usually for purposes like returns, recycling, or disposal. While a heavy inbound flow and simple outbound flow could indicate some elements of reverse logistics, it doesn't confirm the entire system is a reverse logistics system.

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A message sent by an HR manager asking all employees to submit details about overtime done in the previous quarter is an example of routine request

Answers

Answer:

D) information or action

Explanation:

These are the options for the question

A) settlements to claims

B) recommendations

C) adjustments

D) information or action

E) references

Routine request can be regarded as a request for information, which is been contained in case files, indices,schedules as well as dockets that doesn't look for impounded as well as confidential and sealed information.

When sending a routine email

that give recognizion for a job that is well done, the following should be included;

✓rationale that state work important of the work.

✓closing statement which encourages continued excellence.

✓specific descriptionthat explain purpose of the message.

It should be noted that message sent by an HR manager asking all employees to submit details about overtime done in the previous quarter is an example of routine request information or action

what do you pore first the cereal or the milk? True or false.

Answers

Well this is a HUGE ARGUMENT in my family... I personally add the cereal THEN the milk (even tho I don’t rlly like milk ok) but my parents say you need to add milk first. But I wonder how will you eat dry cereal when milk is st the bottom? WTH
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