When it is said that a perfectly competitive firm is a price taker, this means?

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Answer 1
this means the firm must accept the prevailing prices in the market of its products, so that its own transactions being unable to affect the market price .

Related Questions

Non-gaap earnings: multiple choice could be considered management's view of permanent earnings. are needed for the correction of errors. are standardized under generally accepted accounting principles are useful to compare two different firms' performance.

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Non-gaap earning or pro forma earning are cosidered management's view of permanent earnings. Pro forma earnings are not derived by standard GAAP method and it is projected earnings based on a set of assumptions and often used to present a business plan (in Latin pro forma means "for the sake of form"). 

Rites and rituals are ____. for example, employees of new belgium brewery in fort collins, colorado, get a free brewery-hopping trip to belgium after being employed by the company for five years.

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The rites and rituals are considered to be ceremonies and activities in which should be placed on the space provided because they are use for occasions in a way of celebrating a specific group or organization that has set an example above.

In the "promoting leadership effectiveness" model, what is a listed goal at the interpersonal level?b

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Leadership is quality that must have be with the person one whom having responsibility to handle a team and developing the business or something. We should encourage the leadership skill inside us then we can easily play a good role in a team. Communication is playing very big role in a teamwork so leader should lead the team with this quality

During world war i, the supreme court upheld the espionage act by ruling that congress has a right to restrict speech that __________.

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In Schenck v. U.S. (1919), the Supreme Court maintained the Espionage Act which constrained freedom of speech and media during World War I. They governed that Congress had a right to restrict speech "of such a nature as to make a clear and present danger that will carry about the practical evils that Congress has a right to prevent."

What windows feature that will notify you before changes are made to your computer?

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The answer is the UAC or also known as the User Account Control. This will usually pop out on the screen to notify the individual using the computer of whether he or she would want to make changes before he or she exits a certain program or when there are changes made.

Answer:

Notify me only when programs/apps try to make changes to my computer - this is the default level, and UAC notifies you only before programs make changes that require administrative permissions. If you manually make changes to Windows, then a UAC prompt is not shown.

Explanation:

Customs and taboos are culture-bound and should be taken into consideration when products are marketed in a foreign environment.

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True. It's of paramount importance to respect the laws and cultures where products are being marketed because in the end the people of that land that will purchase the products.

Registered nurses:

Select the choice that best answers the question.
a.diagnose illnesses and injuries while providing care and medicine
b.specialize in the treatment of medical conditions through operations
c.administer drugs to patients
d.assist physicians and provide medical care on their own

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D. Assist Physicians and provide medical care on their own. RN's have gone through enough school and training to help a patient but they do not have the credentials to treat a patient whereas a doctor does. 

______ is the degree to which rules and procedures govern work.

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Formalization. is the correct word for the blank

When a company invests in a foreign firm and holds active ownership of the firm, then the company is said to be in a joint venture with the foreign firm.
a. True
b. False?

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Answer: FALSE

As the name suggests, a joint venture is a joint agreement between two or more parties or companies where both maintain their individuality. For example:
when a domestic company buys a part of a foreign company or joins with any foreign company or firm, both hold their equal rights in the new entity. In a joint venture the ownership is shared between the companies or firms.

Your body generally absorbs about 20 to 40 percent of the carotenoids you eat. this proportion ______ as the amount of carotenoids you eat increases.

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Since carotenoids are tightly-bound in proteins in our foods, our body only typically absorbs about 20% - 40% of what is consumed. However, as the amount of carotenoid eaten increases, this proportion further decreases/ drops-- to 10% or less. 

Carotenoids are plant pigments which are responsible for the bright red, yellow, and orange colors of fruits and vegetables, such as carrots, pumpkins, squash, and mangoes. Certain types of carotenoids form Vitamin A, which is essential to health. Moreover, carotenoids exhibit antioxidant activity by protecting cells from free-radical damage. 

Answer:

DECREASES

Explanation:

Which of the following is a true statement? A. All states have a progressive state tax. B. State income tax is an optional deduction. C. Certain states have a flat state tax. D. Most states have no state income tax.

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Certain states have a flat state tax of the following is a true statement. The correct option is C.

What is the disadvantage of a flat tax?

Lack of wealth redistribution, the increased burden on middle-class and lower-income families, and tax rate wars with neighboring nations are some disadvantages of a flat tax rate system.

Lack of wealth redistribution, the increased burden on middle-class and lower-income families, and tax rate wars with neighboring nations are some disadvantages of a flat tax rate system. There are nine states with a flat income tax rate for the 2022 tax year, which corresponds to the return you file in 2023. Colorado, Illinois, Indiana, Kentucky, Massachusetts, Michigan, North Carolina, Pennsylvania, and Utah are among these.

Thus, the ideal selection is option C.

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"three arrows inc. is a company that manufactures bags from recycled paper. its marketers receive complaints that the bags easily become wet and tear after a few weeks of use. they decide to respond to their customers' needs by using a thicker, waterproof paper. this is an example of _____."

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The described type of respond to the customers complains in which the marketers decide to make some changes in the materials they use to produce the bags (they decide to use thicker, waterproof paper) is an example for quality modification. Quality management is related to the the dependability and durability of the products.

How did the embargo by the organization of petroleum exporting countries (opec) contribute to stagflation problems in the early 1970s?

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In economics, stagflation refers to a situation that is a combination of stagnation and inflation and in which the inflation rate is high, economic growth is slow and unemployment remains steadily high.
The embargo by the OPEC in 1970 caused the oil price to go up and this resulted in inflation.

The answer is: Oil prices greatly increased; as much as 400% in one year.

Embargo refers to official trade ban that a certain country/organization give to another country.

Many western nations (including united states) depended heavily on the oil products that produced by OPEC. After the embargo, the OIL supply in united states became extremely scarce, This make the oil price in united states experience a drastic increase within the course of one year.

The price of a product has dropped greatly, and store owners do not have enough of the item to meet demand.

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The case is an example of price elasticity of demand since a small change in price created a greater demand for the product.

Since readers of routine replies and positive message will generally be interested in the​ content, the​ __________ approach should be used.

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The direct approach should be used in routine replies and positive messages since the readers will be generally interested. This is because it will have a more supportive tone.

A woman is offered a prestigious job in a failing corporation. this is an example of:

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The illustration or example given above is an example of glass precipice. A glass precipice is a type of metaphor illustration that depicts an effect that is not seen or visible when in terms of the employability of a person or an individual.

True or false. hospital bylaws define the process for documentation within a health record for all members of the workforce.

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The statement is "True".

Hospital medical staff by-laws are critical. Governing board of a hospital can by them confers on the staff the ability to set up a type of association by which that staff can give affirmation of quality clinic medicinal care.

4-16. joyce and marvin run a day care for preschoolers. they are trying to decide what to feed the children for lunches. they would like to keep their costs down, but also need

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Final answer:

Balancing cost with quality can be achieved by buying in bulk, preparing meals in-house, meal planning, and using seasonal and local produce. However, the meals should still be nutritious and appropriate for the children's age group.

Explanation:

Joyce and Marvin, who run a preschool day care, are in a typical predicament that most businesses face - balancing cost with quality. To keep their costs down while still providing nutritious meals for the children, they could look into buying food items in bulk, which usually comes at a discounted rate. Additionally, preparing meals in-house rather than ordering from a caterer could be another way to reduce costs. Meal planning in advance could help in buying only what is needed, hence, minimizing waste. Using seasonal and local produce is not only more affordable but also offers variety and freshness to the meals. At the same time, it's essential for them to ensure that the meals are nutritious and appropriate for the age group, as these are preschool children.

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Prior to opening her new restaurant, Nia is determining what items to offer on the menu, the anticipated profits and expenses, the tasks of various employees, and how those jobs will be handled. Nia is writing her ________.

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Nia is writing her business plan. Business plan is very essential to come up with a good business model, it is where you layout what are the products you want to sell, how much will you spend for it or the expenditures necessary and how much will you gain from it. It is also essential to know how many employees you have to hire to keep the business running and be familiar with their corresponding duries and responsibilities. These are all necessary when putting up a business just like what Nia wants to do and that is to put up a restaurant.

Where does the sun remain above the horizon all day (never setting) on the december solstice?

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Solstitium is a Latin word from where the term solstice came. This means 'the Sun stands still'.
The reason for this is because on this day, the Sun reaches its southern-most position as seen from the Earth. The Sun seems to stand still at the Tropic of Capricorn and then reverses its direction. It's also common to call it the day the Sun turns around.

''what type of goods includes raw materials used to produce other products?''

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Industrial goods are type of goods that includes raw materials used to produce other products. They are physical items used by companies to produce other products. Derived demand is the consumer demand for consumer goods. On this  derived demand is based the demand for industrial goods.

A grocery store sells grapes for 1.99 per pound you buy 2.34 pounds of the grapes how much do you pay

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The answer to this question would be: $4.66

In this question, the grapes price is $1.99 per pound and you try to buy 2.34 pounds of grapes. Then you need to multiply the price with the weight of grapes. The calculation would be:

total price= price per pound * grapes weight(in pounds)
total price= $1.99/ pound * 2.34 pounds= $4.66
Final answer:

In this scenario, the total cost of buying 2.34 pounds of grapes at $1.99 per pound is $4.66.

Explanation:

The student is buying 2.34 pounds of grapes which are priced at $1.99 per pound. To find the total cost, multiply the weight of the grapes by the price per pound, in this case, 2.34 pounds times $1.99 per pound. This gives a total cost of $4.66.

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What tool is used to forecast state economic growth , keep track of business cycles and generally provide information on health of the economy in texas?

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Final answer:

Tools like the Biennial Revenue Estimate provided by the Texas Comptroller of Public Accounts are used to forecast state economic growth and provide information on Texas's economy. Texas has a diversified economy, which has shown resilience during economic downturns like the Great Recession and the COVID-19 pandemic.

Explanation:

The tool used to forecast state economic growth, track business cycles, and generally provide information on the health of the economy in Texas is likely an economic forecasting model or system. Such models include tools like the Biennial Revenue Estimate, which is published by institutions such as the Texas Comptroller of Public Accounts. These tools analyze various economic indicators, including gross domestic product (GDP), employment statistics, industry growth, and more to diagnose the health of the economy.

Texas has a robust economy and is known for its strong performance. It has diversified its economy from being heavily reliant on oil and natural gas to expanding into sectors such as high-tech manufacturing, healthcare, business services, and information systems. Additionally, the tourism industry is a significant contributor to the economy with attractions like national parks and the San Antonio Riverwalk. It is no surprise then that Texas was recognized as the Best State for Business by CNBC and has been the recipient of the Governor's Cup for multiple years.

During events such as the Great Recession and the COVID-19 pandemic, Texas has demonstrated resilience and an ability to recover. The state has adapted to changing economic circumstances by employing technology and restructuring workplace practices, which has helped to mitigate some of the negative impacts of economic downturns.

When was the word integer introduced?

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The origin of the word integer dates back to the early 16th century. Back then, the word was used as an adjective meaning 'entire' or 'whole'. However, the word is composed of two Latin words 'in-' (expressing negation) and the root of 'tangere' (to touch) which were used separately ages before it came together we know it today.

What are the two most important variables for determining resource allocation?

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What are the two most important variables for determining resource allocation?

Answer:
Location and Time

Your weight is currently stable. you have chosen to give up your daily 215-calorie mocha latte coffee. about how much weight can you expect to lose over 5 years if nothing else changes?

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With the given scenario, the expected lose over one year when this is applied and nothing else changes is twenty pounds, so if you applied it over five years, you should multiply twenty pounds over five years in which it will give you one hundred and ten pounds.

Julio is devising a marketing plan for introducing his company's products into a new market. julio comes up with customized marketing strategies that cater to the unique needs of the new market. all his decisions involve risk and uncertainty as he is unaware of the conditions in the new market. the type of decision being made by julio in the above situation is called a _____ decision.

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Julio is devising a marketing plan for introducing his company's products into a new market. Julio comes up with customized marketing strategies that cater to the unique needs of the new market. all his decisions involve risk and uncertainty as he is unaware of the conditions in the new market. The type of decision being made by Julio in the above situation is called a non-programmed decision. Non-programmed decision deals with risk and uncertainty. It is also complex and unstructured.

 

A commercial comes on for an arthritis cream. lachlan has been having some pain in his knees lately, so he's both motivated and able to attend to the commercial. therefore, he is more likely to use the ________ route to persuasion.

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The answer is central route to persuasion. The central route to persuasion happens when the individual or group of people was able to convince or make the audience believe with the message or information that they had said or offered to them.

In the context of statutorily mandated arbitration, why has arbitration become widespread during the last few decades?

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Arbitration refers to a type of alternative to dispute resolution; it involves resolving of disputes outside courts. In this type of dispute resolution, arbitrators consider the case of each party and render arbitral award which is legally binding and enforceable in courts.
Arbitration has become widespread in the last few decades due to the fact that the law may require the disputing parties to take their case to arbitration. For instance, some states in America have laid down statues that demand that some dispute types have to be submitted to arbitration.

If the annual inflation rate is 5 percent a year, about how many years will it take for the price level to double?

Answers

According to the rule of 72, the doubling time for price level when the inflation rate is r%, is given by
[tex]t= \frac{ln(2)}{ln(1+r/100)} \approx \frac{72}{r} [/tex]

Therefore
t = 72/5 = 14.4 years

Answer: About 14 years.

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