During the great depression, economists developed new ways of thinking about markets, prices, and the economy as a whole because:

Answers

Answer 1

During the Great Depression, economists developed new ways of thinking about markets, prices, and the economy as a whole in response to unprecedented economic challenges.

The Great Depression was a severe worldwide economic downturn that lasted from the late 1920s to the early 1940s. It caused massive unemployment, bank failures, and a collapse in industrial production. In the face of these unprecedented challenges, economists realized that existing economic theories and policies were inadequate to explain and address the situation. As a result, they began developing new ways of thinking about markets, prices, and the economy as a whole.

During this period, economists such as John Maynard Keynes emerged with new theories that emphasized the role of aggregate demand and the importance of government intervention in stabilizing the economy. Keynesian economics, as it came to be known, advocated for government spending and monetary policies to stimulate economic growth and reduce unemployment. This marked a shift from the previously dominant laissez-faire approach.

Furthermore, the Great Depression prompted economists to reevaluate traditional economic theories' assumptions, such as the belief in market efficiency and self-regulation. New schools of thought, such as institutional economics, emerged, which focused on the role of institutions, social factors, and market imperfections in shaping economic outcomes.

Overall, the Great Depression served as a catalyst for economists to reexamine and reformulate their understanding of markets, prices, and the functioning of the economy. The lessons learned during this period shaped the development of new economic theories and policies to prevent and mitigate future economic crises.

Learn more about John Maynard Keynes, below:

https://brainly.com/question/32466066

#SPJ11


Related Questions

Fill in the blank: _____ is how a project manager makes use of productivity tools and creates processes. The project manager may need to use certain tools and processes to do tasks like create a schedule and share information.

Answers

Planning and organizing is how a project manager makes use of productivity tools and creates processes. The project manager may need to use certain tools and processes to do tasks like create a schedule and share information.

What is Planning and organizing?

Planning and organizing serves as the managerial function that portray how  how a project manager makes use of productivity tools and creates processes.

In this case, The project manager may need to use certain tools and processes to do tasks like create a schedule and share information.

Learn more about Planning and organizing on:

https://brainly.com/question/17320867

#SPJ1

suppose that a perfectly competitive firms marginal revenue equals $12 when it sells 10 units of output. if the marginal cost of producing the 10th unit is $14 to maximize its profit the firm should

Answers

To Maximize the Profit the Firm should Decrease its production.

What are perfectly competitive firms?A perfectly competitive firm is a price taker, which means that it must accept the equilibrium price at which it sells goods. If a perfectly competitive firm attempts to charge even a tiny amount more than the market price, it will be unable to make any sales.Agricultural markets are examples of nearly perfect competition as well. Imagine shopping at your local farmers' market: there are numerous farmers, selling the same fruits, vegetables and herbs. You can easily find out the prices for the goods, but they are usually all about the same.

The three primary characteristics of perfect competition are

no company holds a substantial market share, the industry output is standardized, and there is freedom of entry and exit. The efficient market equilibrium in a perfect competition is where marginal revenue equals marginal cost.

Therefore, to uphold its position in the market the firm should decrease

its production.

To know more about perfectly competitive firms, click the given links.

https://brainly.com/question/28071637

https://brainly.com/question/25327136

#SPJ4

Dana lives in her Newport property nine months out of the year and uses it as a rental for the remaining three months. Is she liable for paying an excise tax on her short-term rental

Answers

No, she is not liable for paying an excise tax on her short-term rental because it only applies to short-term rentals of fewer than eight consecutive days.

A statute governing and taxing short-term house and condo rentals was approved by the governor on December 28 and became law on January 1, 2019. A rental with a duration of 31 days or less is considered short-term. Exemptions from this tax include annual and long-term leases (32 days or more). 2019 January 1 marked the start of the tax. The rental tax must be included in any lease that is signed on or after this date for a rental period that starts on July 1, 2019, or later.

All rentals beginning before July 1st, 2019 were therefore exempt from taxation. Like any tax paid at a hotel or motel, the lodging tax is the responsibility of the tenants. Vacationers are growing more accustomed to paying one since private rental lodging taxes are widespread around the nation, including in every other New England state. Renters must pay this tax regardless of the type of residence they choose because no one is exempt.

To learn more about short term rental here,

https://brainly.com/question/24870338

#SPJ1

Jose's monthly parking fee for april was $150; for may it was $10 more than april; and for june $40 more than may. His average monthly parking fee was ____ for these 3 months?

Answers

Jose's monthly parking fee for April was $150; for many, it was $10 more than April and for June $40 more than May. His average monthly parking fee was $166 for these 3 months

The month is the unit of time used in the calendar and is approximately the length of the month's natural orbital period. The words moon and moon are related. The traditional concept was born from the cycle of the phases of the moon. Such a lunar month (“Lunar month”) is a lunar month and lasts about 29.53 days.

From the excavated counting rods, researchers conclude that humans are already counting days in relation to the phases of the Paleolithic moon. Based on the lunar orbital period associated with the Earth and Sun lines, the lunar month is still the basis of many calendars today and is used to divide the year.

Learn more about  month here: https://brainly.com/question/2021001

#SPJ4

Pete is thinking of asking for his own car for his birthday. Which of the following is a financial responsibility that comes with vehicle ownership

Answers

Gas, Insurance, Registration are the financial responsibility that comes with vehicle ownership.

Financial responsibility laws, which are frequently related to automobiles, call on an individual or organisation to demonstrate that it is financially capable of covering accident-related expenses. The party is not expressly required under financial responsibility legislation to carry insurance. Instead, even if they are not at fault, the law demands that they be able to prove they have the resources to cover the entire cost of the losses.

For a number of different reasons, authorities may request proof of adherence to financial responsibility regulations. Police officers may demand proof after an accident has happened during routine traffic stops unrelated to accidents, while registering a car, and when applying to have a revoked or suspended driver's licence reinstated.

To learn more financial responsibilities here,

https://brainly.com/question/15221848

#SPJ1

Pittsburgh-based Consol Energy's coal business largely depends on orders from utilities and steel companies which, in turn, depend on broader economic demand from consumers for electricity and steel-based products like automobiles and appliances because of ________.

Answers

Considering the situation described above, Pittsburgh-based Consol Energy's coal business largely depends on "Derived demand."

What is Derived demand ?

Derived demand is a type of demand that arises from the demand for something related.

In other words, derived demand is a demand for goods and services like raw materials due to demand for its final products.

Hence, in this case, since the Pittsburgh-based Consol Energy's business is dependent on demand from particular consumers, whose business needs are also dependent on demands from specific consumers, this is then an example of Derived demand.

Therefore, in this case, it is concluded that the correct answer is option C, "Derived demand."

Your question is incomplete, but most probably your full question was:

Pittsburgh-based Consol Energy's coal business largely depends on orders from utilities and steel companies which, in turn, depend on broader economic demand from consumers for electricity and steel-based products like automobiles and appliances because of ________.

a. multiple sales calls professional purchasing

b. multiple buying influences

c. derived demand

d. fluctuating demand

Learn more about Derived Demand here:

brainly.com/question/26723914

#SPJ4

According to a supply and demand model for apples, if the average household income decreases at the same time ten apple orchards go out of business, one would expect the:

Answers

Based on the law of supply and demand if orchards go out of business and income decreases, the  equilibrium price of apples to increase and the equilibrium quantity of apples in the market to decrease.

What would cause the prices of apple to increase?

Due to scarcity, the prices of apple would increase in the market. People would have to pay more to get the product which is now scarce.

When goods are few in the market they become more expensive than they were before.

What is the law of supply and demand ?

The law of supply states that as the price of a good rise, the quantity supplied also rise and as the price of a good go down or fall, the quantity supplied also go down or fall.

The law of demand states that that as the price of a good rise, the quantity demanded go down or fall and as the price of a good go down or fall, the quantity demanded also rise.

Therefore, we can conclude that the correct option is E. The law of supply and demand if orchards go out of business and income decreases, the  equilibrium price of apples to increase and the equilibrium quantity of apples in the market to decrease.

Your question is incomplete, but most probably your full question was:

According to a supply and demand model for apples, if the average household income decreases at the same time ten apple orchards go out of business, one would expect the:

a. equilibrium quantity of apples in the market to be indeterminate and the equilibrium price of apples to increase.

b. equilibrium price of apples to be indeterminate and the equilibrium quantity of apples in the market to increase.

c. equilibrium quantity of apples in the market to decrease and the equilibrium price of apples to be indeterminate.

d. equilibrium quantity of apples in the market to decrease and the equilibrium price of apples to stay the same.

e. equilibrium price of apples to increase and the equilibrium quantity of apples in the market to decrease.

Learn more about more on Demand Supply on:

brainly.com/question/1222851

#SPJ4

If you believe your supervisor at your work setting is forcing you to act in what you consider to be an unethical manner, you should Group of answer choices

Answers

If you believe your supervisor in your work setting is forcing you to act in what you consider to be an unethical manner, you should try to work with your supervisor to resolve the problem.

If you have a moral query and you are having a problem you make a decision, you should talk over it with colleagues. in case you believe some other counselor is behaving in an unethical way, the primary stuff you should do is discuss the matter with the counselor and attempt to get him or her to change their conduct.

Whilst a counselor who is running beneath supervision shares exclusive facts about customers along with her or his manager: that is suitable conduct due to the fact the supervisor desires the data so that it will supervise effectively.

Whilst counseling a customer from a racial, ethnic, or cultural group one-of-a-kind from the counselor's, it's far essential for the counselor to understand that: despite the fact that positive corporations percentage comparable trends or ideals, every person is unique and may not be like maximum others from his or her organization.

Learn more about supervisor here https://brainly.com/question/1088493

#SPJ4

Which of the following is not a payroll tax deduction


State payroll tax

Sales tax

Federal payroll tax

FICA

Answers

Not a payroll tax deduction is B. Sales tax. Sales tax is the Tax imposed by the government body during the sale of the goods and services at a retail level.

While payroll tax is the tax which is charged on the salary of the employees and this tax is charged by the employer. payroll taxes are directly subtracted from the salaries of the workers and directly paid to the interior revenue services by the employer.

What are the 4 primary types of payroll tax?

There are four primary types of payroll taxes: federal income, Social Security, Medicare, and federal unemployment. Workers must pay Social Security and Medicare taxes through payroll deductions, and most employers also remove federal income tax payments.

What is included in payroll tax?

All salaries – including superannuation, allowances and fringe usefulness – paid to apprentices and trainees are liable for payroll tax and must be included in your recoveries. You can claim a payroll tax refund on wages paid to approved trainees and new entrant learners who are recognised by Training Services NSW.

To learn more about payroll tax , refer

https://brainly.com/question/1445562

#SPJ9

Interest is capitalized when incurred in connection with the construction of plant assets because_______.

Answers

Interest is capitalized when incurred in connection with the construction of plant assets because, during construction, the asset is not generating revenue

What is Interest?

This refers to the amount or rate that is added to a principal amount and this is usually done when a loan is collected.

Hence, we can see that when plant assets are being constructed, interest is capitalized and the main reason why this happens is that the asset is not generating revenue.

Furthermore, actual interest is the only thing that should be capitalized and this is because, during construction, the asset is not generating revenue and therefore companies should defer (capitalize) interest cost.

Thus, Interest is capitalized when incurred in connection with the construction of plant assets because, during construction, the asset is not generating revenue.

Read more about interest capitalization here:

https://brainly.com/question/417585

#SPJ1

A firm projects net income to be $500,000, intends to pay out $125,000 in dividends, and had $2 million of equity at the beginning of the year. The firm's sustainable growth rate is:

Answers

The firm's sustainable growth rate is  18.75%

What is sustainable growth rate of a firm?The sustainable growth rate (SGR) is the maximum rate of growth that a company or social enterprise can sustain without having to finance growth with additional equity or debt. In other words, it is the rate at which the company can grow while using its own internal revenue without borrowing from outside sources.The SGR formula is most commonly used in various valuation models, such as the dividend discount model (DDM), discounted cash flow model, etc.

Calculation of SGR :-

1) Calculate the retention ratio

retention ratio = 1 - dividends paid / net income

2) Calculate the return on equity (ROE)

ROE = net income / shareholders' equity

3) Calculate the sustainable growth rate (SGR)

SGR = retention ratio × ROE

Hence, by using the above formula the sustainable growth rate  of the firm is 18.75%

To know more about sustainable growth rate, click the given links.

https://brainly.com/question/22784070

https://brainly.com/question/14635121

#SPJ4

Correct Question - A firm projects net income to be $500,000, intends to pay out $125,000 in dividends, and had $2 million of equity at the beginning of the year. The firm's sustainable growth rate is:

a. 5%

b. 18.75%

c. 6.25%

d. 4.69%

____________ is when suppliers allow a business to take possession of needed goods and pay for them at a later date or in installments. Group of answer choices Collateral A mortgage Trade credit Bartering

Answers

Trade credit

Small firms may be able to get finance in the form of trade credit from their suppliers. Suppliers enable the company to obtain the products and services it requires and pay for them later or in installments.

What is the meaning of trade credit?

A business-to-business (B2B) agreement known as trade credit allows customers to make purchases of goods without paying in cash upfront and to make payments to suppliers at a later date. Businesses that use trade credits typically give customers 30, 60, or 90 days to make payment, with the transaction being documented by an invoice.

Trade credit can be compared to a form of 0% financing because it increases an organization's assets while deferring payment for a certain amount of products or services to the future and requires no interest payments throughout the repayment period.

Learn more about trade credit here:

https://brainly.com/question/4503841

#SPJ4

Scenario 1: If the company constructs 9 apartment buildings, the number of stores will be . Scenario 2: If the company is producing at point C, the opportunity cost of building 3 more stores will be apartment buildings.

Answers

The number of stores will be 3 and the opportunity cost of building 3 more stores will be 6 apartment buildings.

How to explain the opportunity cost?

The Vertical Line represents the number of Stores. The horizontal line represents the number of Apartments.

Take a look at point E. When the apartment is 9, the stores that they could build is 3.

In point C, the company produces 6 Apartments and 7 Stores. If the company wants to build 3 more stores it would become 10 stores. Take a look at point A. Where the stores are 10, the company cannot build any apartments, which means that they had to sacrifice all 6 from point C.

Learn more about opportunity cost on:

https://brainly.com/question/1549591

#SPJ1

Which is the term used to describe the day to day actions & capabilities that help a person to be productive and well rounded?

Answers

The term which is used to describe the day to day actions & capabilities that help a person to be productive and well rounded is called life skills. Life skills are refered to as a series of social competencies and interpersonal skills that assist people make quality decisions, solve problems, and think critically and creatively, converse in speech function effectively, behave well, relate with others, and manage their lives.

What are the life skills?

The basic life skills include the following:

Emotional Intelligence (EQ) Skills. Money Management SkillsCritical Thinking SkillsDaily Living SkillsCommunication Skills

Therefore, the correct answer is as given above

learn more about life skills: https://brainly.com/question/27002828

#SPJ1

When a government decides only people who have paid an annual fee will get certain services, such as firefighting services, which of the three economic questions does it answer

Answers

When a government decides only people who have paid an annual fee will get certain services, such as firefighting services, is (C) Who should get the goods produced?

What is Economic System?

An economic system, is a system of production, resource allocation and distribution of goods and services within a society or a given geographic area. It includes the combination of the various institutions, agencies, entities, decision-making processes and patterns of consumption that comprise the economic structure of a given community.

What a Command Economy?

A command economy is an economic system where the government has control over the production and pricing of goods and services. Sometimes called a planned economy, in a command economy, the government decides which goods and services to produce, the production and distribution method, and the prices of goods and services. The government is the central planner.

What are the Three Economic?

An economic system is any system of allocating scarce resources. Economic systems answer three basic questions:

What will be produced?How will it be produced?How will the output society produces be distributed?

Therefore, we can conclude that the correct option is C.

Your question is incomplete, but most probably your full question was:

When a government decides only people who have paid an annual fee will get certain services, such as firefighting services, which of the three economic questions does it answer?

A. Is this a good way to allocate services?

B. How should it be produced?

C. Who should get the goods produced?

D. Is it fair to deny services?

E. What should be produced?

Learn more about Three Economic on:

brainly.com/question/19963499

#SPJ4

You have just opened a new Italian restaurant in your hometown where there are three other Italian restaurants. Your restaurant is doing a brisk business and you attribute your success to your distinctive northern Italian cuisine using locally grown organic produce. What is likely to happen to your business in the long run

Answers

Your success will invite others to open competing restaurants and ultimately your profits will be driven to zero.

What is Managerial Economics?A subfield of economics called managerial economics deals with the use of economic principles in managerial decision-making. Economics is the study of how products and services are produced, distributed, and consumed. In managerial economics, choices on how to distribute finite resources are made using economic theories and principles.Economic frameworks are used by managers to maximize earnings, resource allocation, and overall firm production while enhancing productivity and reducing wasteful activities. These frameworks analyze real-world issues at the micro and macroeconomic levels in order to help firms make intelligent, forward-thinking decisions. Managerial economic techniques help to guide managers in these decisions. Managerial decisions entail forecasting (making decisions about the future), which involves levels of risk and uncertainty.

When trade or business is brisk, a lot of money is being made and goods are being sold extremely quickly. Souvenir vendors were doing good business. Since, the restaurant is doing a brisk business, this success will invite others to open competing restaurants and ultimately your profits will be driven to zero.

Know more about Managerial Economics with the help of the given link:

https://brainly.com/question/20353892

#SPJ4

The _____________ holds that a rise in price level will make domestic goods relatively more expensive, ____________ exports and _______________ imports.

Answers

The interest holds that a rise in price level will make domestic goods relatively more expensive, rate exports and effect imports.

What are domestic goods?

domestic goods  are goods that are being produced locally in a particular country which can as well be exported out.

In this case, The interest holds that a rise in price level will make domestic goods relatively more expensive, rate exports and effect imports.

Learn more about domestic goods on:

https://brainly.com/question/1383956

#SPJ1

The three purposes for which individuals or groups can use products in order for it to be considered a business market are:_________

Answers

The three purposes for which individuals or groups can use products in order for it to be considered a business market are:

Resaleuse in daily operationsdirect use in producing other products.

This is further explained below.

What is the market?

Generally, A market is a location where individuals, often buyers and sellers, may congregate to assist the buying and selling of various commodities and services.

In conclusion, It is necessary for people or organizations to utilize items for at least one of the following three objectives for there to be a market for commercial goods and services:

On resale; for use in day-to-day activities; as a direct input into the production of other goods.

Read more about market

https://brainly.com/question/13414268

#SPJ1

For a promise to provide a good or service to be accounted for as a separate performance obligation, the good or service must be:______.

Answers

The first requirement for accounting for a promised good or the service as a separate performance obligation is that the promised good or the service is "capable of being distinct."

Promised products or services are those that are transferred to the entity's client in line with the contract (i.e., those that result in the customer gaining possession of an asset).

A performance obligation is a promise to supply a good or service (or a series of distinct goods or services that are substantially the same and that have the same pattern of the transfer to the customer). It can be both implicit and explicit.

Therefore, answer is capable of being distinct.

To know more about promise click here:

https://brainly.com/question/926522

#SPJ4

_____________ is a condition in which the quality, variety, and/or desirability of the diet is reduced and there is difficulty at times providing enough food for everyone in the household.

Answers

The answer is “ Food insecure” I hope this answer will help you.

According to the theory of comparative advantage, countries and the world gain from trade because quizlet

Answers

 According to the theory of comparative advantage, countries and the world gain from trade because Exports give a country a political advantage over other countries that export less.

Trade is the voluntary exchange of goods or services between economic agents. Transactions are generally assumed to benefit both parties, as they are consensual. In finance, trading refers to the buying and selling of stocks and other assets.

Trade is central to ending global poverty. Countries open to international trade tend to grow faster, innovate, be more productive, and provide higher incomes and more opportunities for their people. Open trade also benefits low-income households by providing consumers with more affordable goods and services.

The question is incomplete. Please read below to find the missing content.

According to the theory of comparative advantage, which of the following is not a reason why countries trade?

a. Comparative advantage.

b. Costs are higher in one country than in another.

c. Prices are lower in one country than in another.

d. The productivity of labor differs across countries and industries.

e. Exports give a country a political advantage over other countries that export less.

Learn more about trade here

https://brainly.com/question/17727564

#SPJ4

Arguing that globalization is ultimately driven by joint gains from mutually beneficial trade is an argument from which perspective

Answers

Arguing that globalization is ultimately driven by joint gains from mutually beneficial trade is an argument from the liberal perspective.

What does the liberal viewpoint entail?

Liberal beliefs regarding the nature and purpose of law are centered on defending individual freedom. Liberals, following John Stuart Mill, argue against enforcing morality on the grounds that the use of coercion or control is not justified by society's conception of what is ethically appropriate. According to the liberal perspective, acts that damage or wrong people but to which they consent—often referred to as victimless crimes—are not properly criminalized. Thus, for a liberal, the border between the sex that ought to be criminalized and sex that shouldn't is the line between uninvited sex and sex that ought to be allowed.

Learn more about the liberal perspective with the help of the given link:

brainly.com/question/14581558

#SPJ4

Discuss the business tactic described in the text that the bissell brothers used to become business owners.

Answers

The business tactic described in the text that the Bissell brothers used to become business owners is, they are the bosses, which means that they make their own decisions.

Bissell Brothers was founded in 2013 by two brothers, Peter and Noah Bissell which is based in Portland. These two Bissell brothers started their own small business, and they ran their own company, took their own decisions, and did not depend on partners, higher authorities or investors for any ideas.

Hence, they are the bosses of their business. Only when their business grows big, they have managers to help them in their business.

To learn more about Business here:

https://brainly.com/question/15826604

#SPJ4

What industry cannot rely on estimation

Answers

There is no industry which can not relay on estimation, all industries needs estimation.

The two primary categories of this profession are construction and manufacturing, according to the Bureau of Labor Statistics. It states that more than half of all cost estimators work in the construction industry, where they may further specialize in projects for homes, businesses, industries, or the government.

Cost estimation aids in setting the project budget, planning the required work, and managing new resources. Cost estimates are also of the utmost importance when trying to win over new clients. Before starting actual building, property owners also utilize cost estimates to evaluate the viability of their projects.

Learn more about estimation here

https://brainly.com/question/107747

#SPJ4

The __________ assures the payment of otherwise non-collectable court judgments against licensees who have committed fraud, misrepresentation, deceit, or conversion of trust funds in a transaction.

Answers

The SAFE act assures the payment of otherwise non-collectable court judgments against licensees who have committed fraud, misrepresentation, deceit, or conversion of trust funds in a transaction.

What is the SAFE act?

This was the act in the United States that made it mandatory for houses to be registered and licensed.

The act is based on houses that are used as residences. The full meaning of the act is the  Secure and Fair Enforcement for Mortgage Licensing Act.

The main purpose of the SAFE act is to try to ensure that consumers are protected and also help in the reduction of fraud. This would be done by setting a standard for licensing and the originators of mortgage loans.

Hence the correct answer to the question is the SAFE act.

Read more on court judgement here; https://brainly.com/question/14077067

#SPJ1

Roger wants to make a deposit into his savings account. He is depositing 2 checks, one for $125.62 and the other for $532.50. He would like to receive $40.00 in cash after the deposit. Calculate the amount that he will be depositing into his savings account.

Answers

the amount that Roger will be deposited into his savings account is $618.12

A savings account is a retail bank account. Common features include limited withdrawals, lack of debit card functionality linked to checks, limited transfer options, and non-withdrawal. Traditionally, most savings account transactions were recorded in a passbook, sometimes referred to as a passbook savings account, and no account statement was provided. However, these transactions are now usually recorded electronically and accessible online.

People put money into their savings accounts for a variety of reasons, including where cash can be safely stored. Savings accounts also usually pay interest. Almost all of them generate compound interest over time. In some countries, deposit insurance needs to protect your savings account, and in some countries, it provides government guarantees for at least a portion of your account balance.

Learn more about a Savings account here: https://brainly.com/question/25787382

#SPJ4

Milton Friedman helped to establish the economic theory of monetarism. Which statement best describes the idea of monetarism

Answers

Monetary policy is the best way to influence economic growth.

Appeared as a leader of the Chicago school of financial economics, Friedman burdened the importance of the quantity of cash as a device of government coverage and a determinant of enterprise cycles and inflation. His monetarism principle proposed that cash delivery modifications have immediate and long-term effects.

Milton Friedman became a U.S. economist and Nobel laureate known as the most influential propose of loose-marketplace capitalism and monetarism in the 20th century.

The monetarist principle is an monetary concept that contends that changes in cash deliver are the maximum good sized determinants of the charge of monetary increase and the behavior of the commercial enterprise cycle.

Learn more about economic growth here https://brainly.com/question/1690575

#SPJ4

Price is constant to the individual firm selling in a purely competitive market because Multiple Choice of product differentiation reinforced by extensive advertising. marginal costs are constant. the firm's demand curve is downsloping. each seller supplies a negligible fraction of total supply.

Answers

Price is constant to the individual firm selling in a purely competitive market because each seller supplies a negligible fraction of the total supply.

A hypothetical market system is referred to as perfect competition. There are no monopolies under a scenario of perfect competition. A few essential traits of this type of structure include:

All businesses sell the same thing (the product is a commodity or homogeneous).Every company is a price taker (they cannot influence the market price of their products).Price changes are unaffected by market share.Buyers have complete or perfect knowledge of the product being offered and the prices each company is asking (in the past, present, and future).Labor and capital resources are completely mobile.Companies are not charged to enter or leave the market.

Hence, the price is constant to the individual firm selling in a purely competitive market because each seller supplies a negligible fraction of the total supply.

Learn more about competitive market:

https://brainly.com/question/24877850

#SPJ1

Price is constant or given to the individual firm selling in a purely competitive market because : each seller supplies a negligible fraction of the total supply.

A competitive person is eager to be more successful than other people. He has always been ambitious and fiercely competitive. Synonyms: ambitious, pushing, opposing, etc.

Competitive people are usually the ones that have found something they care about deeply. They are good at finding a reason to care about what they're doing. They realize that they might not start out good at something, but they find a reason to practice and become better.

An example of competitive is the process in which major league baseball teams play against each other. An example of a competitive is a student who wants to be number one in her class.

learn more about Competitive here

https://brainly.com/question/26491505

#SPJ1

Changes in property, plant and equipment relate to the ______ activities on the statement of cash flows. Multiple choice question. operating financing investing

Answers

Changes in property, plant, and equipment related to the investing activities on the statement of cash flows.

The cash flow statement reveals how much money is made or spent on operating, investing, and financing activities during a certain time period, bridging the gap between the income statement and the balance sheet.

The cash generated or spent in relation to investment activities is shown in the cash flow from investing activities portion of the cash flow statement.

Buying tangible assets, investing in securities, or selling securities or assets are all examples of investing activity.

If management is investing in the long-term health of the company, negative cash flow from investing operations could not be a bad indicator.

Hence, Changes in property, plant, and equipment related to the investing activities on the statement of cash flows.

Learn more about Cash flow statement:

https://brainly.com/question/735261

#SPJ1

The storage of funds for future use is a purpose of _____________blank, which include savings accounts and certificates of deposit.

Answers

The storage of funds for future use is a purpose of time deposits, which include savings accounts and certificates of deposit.

You can buy a time deposit, like a CD, at almost any bank, credit union, or other financial organization. Other terms as well as the interest rates paid vary. One bank can, for instance, provide a better return but demand a larger down payment. Shopping around pays off. The majority clearly display and heavily promote their rates.

In essence, a CD is a savings account that is formed with the agreement that the owner won't touch the funds for a predetermined amount of time. This may take a few weeks to several years. Short-term time deposits have terms of one year or less. Any sum in excess of that is a long-term deposit.

To learn more about savings accounts here,

https://brainly.com/question/3970927

#SPJ4

Other Questions
Accounts payable, notes payable, and bonds payable are all common ______. multiple choice question. categories of assets liability accounts owners' equity accounts categories of cash flows why did general macarthur address congress after he was fired? It is extremely important to develop a(n) before going to a bank for a loan, because it shows that you are aware of who the target market is, who the competition is, how much money you need, and exactly how you intend to turn a profit. Gertrude is managing a new software project. The project has very clearly defined requirements that are not likely to change. Which of the following is the most appropriate development Allen's hummingbird (Selasphorus sasin) has been studied by zoologist Bill Alther. Suppose a small group of 17 Allen's hummingbirds has been under study in Arizona. The average weight for these birds is x = 3.15 grams. Based on previous studies, we can assume that the weights of Allen's hummingbirds have a normal distribution, with = 0.40 gram.(a)Find an 80% confidence interval for the average weights of Allen's hummingbirds in the study region. What is the margin of error? (Round your answers to two decimal places.)lower limit upper limit margin of error (b)What conditions are necessary for your calculations? (Select all that apply.)normal distribution of weights is unknownuniform distribution of weights is knownn is largeCorrect: Your answer is correct.(c)Interpret your results in the context of this problem.The probability that this interval contains the true average weight of Allen's hummingbirds is 0.80.We are 20% confident that the true average weight of Allen's hummingbirds falls within this interval. We are 80% confident that the true average weight of Allen's hummingbirds falls within this interval.The probability that this interval contains the true average weight of Allen's hummingbirds is 0.20.Correct: Your answer is correct.(d)Find the sample size necessary for an 80% confidence level with a maximal margin of error E = 0.13 for the mean weights of the hummingbirds. (Round up to the nearest whole number.)Incorrect: Your answer is incorrect. hummingbirds With congestive heart failure (chf), the myocardium of the ___ is most commonly affected. A neonate is brought to the emergency department with a heart rate of 150 beats per minute, respiratory rate of 50 breaths per minute, systolic blood pressure of 45 mm Hg, and weight of 3 kg. Based on these findings, which measurement is abnormal You are working for a large financial institution and preparing for disaster recovery and upcoming DR drills. A key component in the DR plan will be the MySQL database instances and their data. The Recovery Time Objective (RTO) is such that read replicas can be used to offload read traffic from the master database. Which items are key features of read replicas Your new business idea is made-to-order clothing. Based on the video and your understanding of the chapter, which kind of physical production layout would be best? A ___ organism always produces offspring that are identical to the parent when self-fertilized. Please help asap!!Which detail in the text best reflects the central idea of the passage? Oral reading is cohesive because it causes everyone within hearing to be thinking of the same thing.TrueFalse Olga has a drawer of socks with four red pears, two gray pears, and a black hairs. she also has a bag of hair bands with 10 red, six gray, and 24 black hair bands if she selects randomly what is the probability that olga will select a red pair of socks and a red hairband Sasha's home has a current fair market value of $193,200. She has a first mortgage of $160,000 and second mortgage of $13,200. What is her current equity the ratio of peters money to henrys money is 4 : 3 there at first. after perter spent 12 dollars they had an equal amount of money each. How much money id peter have at first The energy of the electromagnetic wave is emitted in short bursts called _________. A _____________ conveys the affective and social relationship between two or more individuals. 5. A fair coin is flipped 10 times. (a) What is the probability that there are an equal number of heads and tails In some simple models of trade, a country may choose to specialize in the production of a single good. which is not an argument against specializing in a single good in the real world? Book embedded vocabulary instruction lets children hear advanced vocabulary before they learn to _______ independently.