2. Suppose that there are five different lemonade stands in the same neighborhood. Explain
how the lemonade stands meet most of the conditions of perfect competition

Answers

Answer 1

Answer:

Eventually prices will equalize at all five lemonade stands.

Explanation:

Perfect competition is accomplished when, in an appropriate business, all firms have identical price arrangements and there is an adequately substantial amount of these same firms so that the production arrangement of any one firm has no obvious influence on the cost at which it commodity is marketed.

Answer 2

The lemonade made are similar in taste, thus they are identical products. Thus, if a lemonade seller increases the price of their good, buyers can patronise another lemonade seller. As a result, the price of lemonades would be the same among the five sellers.

Also, there is little or no barriers to entry for lemonade sellers.

A perfect competition is a market were there are numerous buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.

To learn more about perfect competition, please check: https://brainly.com/question/22698976


Related Questions

Gregory is the marketing head of his company. His company has been manufacturing and selling canned processed foods for decades. These canned foods have been widely sold all across the nation. Consumers have grown to identify his company's brand of canned foods. What type of product advertisement should Gregory use to sell his company's canned food

Answers

Answer:

the answer is D. Its not c

Explanation:

What ia Marginal benefit

Answers

Answer:

Marginal benefit is the incremental increase in the benefit to a consumer caused by the consumption of one additional unit of a good or service.

For example, a consumer is willing to pay $5 for an ice cream, so the marginal benefit of consuming the ice cream is $5.

hope this help!

Answer:

In economics, utility is the satisfaction or benefit derived by consuming a product; thus the marginal utility of a good or service is the change in the utility from an increase in the consumption of that good or service.

Explanation:

How did society orginate​

Answers

Answer:

early human society as the early societies that formed in the middle Paleolithic, shortly after homo sapiens sapiens first appeared, and evolved through the Neolithic, when hunter gatherer societies started to experiment with agriculture and form semi-permanent and permanent settlements.

Explanation:

Answer:

According to this theory, the society originated in the subjugation of the weaker by the stronger. Thus through physical coercion or compulsion men were brought together and made to live in society. The Patriarchal and Matriarchal theories make society the expansion of family system.

Argue why it is important for farmers to create three separate budgets.

Answers

They will split their budget up for different things, house, equipment, crops, combined this iss their total income but it is separate so you don’t over lap and not spend too much on equipment but then not have enough to weed your crops

Individual A sells a rental building, its office equipment, furniture and fixtures, and its land to Individual B. Individual A realizes a gain on the sale of the building, equipment, furniture and fixtures, and land. Individual A rented the building to commercial tenants. What is the character of the gain realized?

Answers

Answer:

Recognized gain

Explanation:

The character of the gain is Recognized gain. A recognized gain is a gain/profit that is gotten from the sale of one's asset when the asset is sold above the price that was initially paid for the assets. Therefore individual A after selling the Rental buildings, office equipment, Furniture and Land to Individual B, still rents the Building to commercial tenants in other to realize the remaining gain, from the sale of the assets.

Describe two things you can do to make sure you are using another person's work fairly.

Answers

Answer:

Paraphrase and cite.

I NEED HELP ASAP please

Answers

Auto Loan - installment, secured, fixed

Credit Cards - installment, unsecured, CBE

Mortgage - installment, secured, variable

Payday loan - CBE, secured, and CBE

Personal loan - installment, unsecured, CBE

Small businesses - CBE, unsecured, CBE

Student loan - installment, unsecured, CBE

I believe that’s right. I’m so sorry if it isn’t.

PLEASE HELP QUICKLY: (FIRST ANSWER GETS BRAINLIEST)

Amanda is 20-years-old and looking to invest $1000. She has always played it safe with very low-risk investments, but now she is ready to take a bigger risk to see if she can earn a bigger return on her investment. She is comfortable having this money tied up for several years, but she would like to withdraw the money sometime in the next 5 to 10 years. Which type of investment will BEST fit Amanda’s needs?


money market mutual fund


certificate of deposit


bond

Answers

A, money market mutual fund
For sure

Money market mutual fund,is the  type of investment will BEST fit Amanda’s needs.

What is meant by Money market mutual fund?

A money market fund is a kind of mutual fund that invests in highly liquid, near-term instruments. These instruments include cash, cash equivalent securities, and high-credit-rating, debt-based securities with a short-term maturity (such as U.S. Treasuries).Money market funds invest in highly liquid securities like cash, cash equivalents, and high-rated debt-based securities. Because they only invest in highly rated securities, money market funds offer a high degree of safety. Money market funds also offer investors higher yields than traditional savings accounts.

Money market mutual fund,is the  type of investment will BEST fit Amanda’s needs.

To learn more about Money market mutual fund refer:https://brainly.com/question/16678408

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Harry Chambers helped buyers Hugh and Betty Flint find their dream home. At closing, Harry and the Flints learned how antagonistic the relationship between the seller and his broker had become. The seller, who attended the closing with his attorney, declared that his broker "did little to market this property. I should have made $100,000 more." Then he turned to his attorney and said, "I want you to do everything you can to make sure he does not get a dollar in commission." If the owner refuses to pay commission to his broker, what will happen to the other broker's commission?

Answers

Answer:

First of all, when a buyer or a seller agree to work with a broker, they must first sign a contract that binds them. If the seller's broker failed to perform his/her part, it is something completely irrelevant to the buyer's broker. They will probably engage in a legal dispute over the brokerage fees involved, but that is someone else's problem.

The buyer's broker actually did a good job according to the seller since he/she bought the house at $100,000 below the market price. The buyer should be happy with his/her broker and should pay with a smile on the face.

HELP PLEASE
Q1 How would you describe Snap-On Tools' competitive strategy? Does it fit a price or non price model? Explain (4)
q2 How are the free enterprise " freedoms" of ownership and profit depicted in this scenario on Snap- On Tools? (4)
Q3 Is there any risk for the franshised dealers who purchase the truck, tools and equipment from Snap- On? ( 2)

Answers

Answer:

Q1. Non price model

Q2. How free enterprise "freedom" of ownership and profit are demonstrated includes

1) Snap-on tools ability to make and sell their tools for profit

2) Snap-on tools ability to sell out of mobile trucks, rather than store

3) Snap-On tool is able to offer credit financing to the its customers

Q3 The risks are,

a) Damage to reputation

b) Joint liability

c) Compliance to commercial regulations

Explanation:

A non-price competition is a form of marketing strategy, whereby a company or establishment puts in place distinguishing factors in its goods and or services, in order to distinguish them from competing goods or services.

Hizan is the owner of a company manufacturing shirts. His company is selling the shirts at a price of ₹200 per unit. The variable costs is ₹150 per unit. The fixed costs for the period is ₹5,00,000/-. Calculate the minimum number of units that must be sold for the company to attain break even. Show break even in terms of rupees.

Answers

Given:

Selling price = ₹200 per unit

Variable costs = ₹150 per unit.

Fixed costs for the period = ₹5,00,000

To find:

The minimum number of units that must be sold for the company to attain break even and break even in terms of rupees.

Solution:

We know that,

Total cost = Fixed cost + Variable cost

Let the number of manufacturing shirts be x, so the cost function for the shirts is

[tex]C(x)=500000+150x[/tex]

Selling price is ₹200 per unit. So, revenue function is

[tex]R(x)=200x[/tex]

At break even point the company has no profit no loss. It means, revenue is equal to cost.

[tex]R(x)=C(x)[/tex]

[tex]200x=5,00,000+150x[/tex]

[tex]200x-150x=5,00,000[/tex]

[tex]50x=5,00,000[/tex]

Divide both sides by 50.

[tex]x=10000[/tex]

Therefore, minimum number of units that must be sold for the company to attain break even is 10,000.

To find the break even price, substitute x=10000 in either cost function or revenue function.

[tex]R(10000)=200(10,000)[/tex]

[tex]R(10000)=20,00,000[/tex]

Therefore, the break even in terms of rupees is ₹20,00,000.

If the interest rate of my saving account was 0.06% then how much interest would I earn if I had 1,000,000 dollars in my savings account?

Answers

Answer:

$60,000

Explanation:

The interest rate is presented as a percentage per year. In calculating simple interest, the expressed percentage is realized if the principal is held for a full year in the savings account.

the formula for simple interest as a follow

I= P x R x T

where I= interest, P= principal, T is time.

In this case, interest for one year will be

I =$1,000,000 x 0.06  x 1

I =$60,000

One year's interest is $60,000

А
(Blank) is a plan in which an individual balances available resources and expenses.

Answers

Answer:

budget

Explanation:

A budget is a tool that shows how an individual, organization, or a country wishes to spend their expected income. It is a plan of how to spend estimated income for a specified known period. Budgets help prioritize expenses and point out funding deficits.

Budgets require balancing income with expenses. The individual, organization, or country need to reorganize resources to avoid overspending. Avoiding budgets may lead to incomplete goals and debt problems.

According to the video, what are some things that Human Resources Managers do? Check all that apply
oversee hiring and firing
purchase computers
distribute office supplies
develop training programs
develop personnel policies
develop pricing strategies
develop recruiting programs

Answers

Answer: A, D, E, G

Explanation: right on edge 2020

Answer:

1,4,5,7

Explanation:

In 2-5 paragraphs, describe how using active listening at work can help you be a better employee.

Answers

Here I wrote and pictured it on pc

3 . Relationship between tax revenues, deadweight loss, and demandelasticity
The government is considering levying a tax of $60 per unit on suppliers of either concert tickets or bus passes. The supply curve for each of these two goods is identical, as you can see on each of the following graphs. The demand for concert tickets is shown by DC (on the first graph), and the demand for bus passes is shown by DB (on the second graph).
Suppose the government taxes concert tickets. The following graph shows the annual supply and demand for this good. It also shows the supply curve ( S+Tax ) shifted up by the amount of the proposed tax ($60 per ticket).
On the following graph, use the green rectangle (triangle symbols) to shade the area that represents tax revenue for concert tickets. Then use the black triangle (plus symbols) to shade the area that represents the deadweight loss associated with the tax.

Answers

Taxing a good with relatively less elastic demand, helps government to raise more revenue with lower welfare loss.

How do management accountants help managers make business decisions?
A. Management accountants prepare local, state, and federal income
tax returns.
B. Management accountants make sure accounts are paid on time.

C. Management accountants provide accurate financial data and
analyze the data to make predictions.

D. Management accountants ensure that everyone pays their taxes.

Answers

Answer:

C. Management accountants provide accurate financial data and

analyze the data to make predictions.

Explanation:

Management accounting is an accounting arm that focuses on the accurate organization, analysis, presentation, and interpretation of a company's financial data for use by the management.  The information generated by management accounting is for internal use. It aids the top management team in its decision-making process.

Management accountants analyze and make recommendations on the business's operational aspects, such as costs of products and services purchased, product pricing, budget variances, margin analysis, market trends, and forecast.  

_________obtain goods from manufacturers and sell them to consumers.

Answers

Answer:

market?

Explanation:

cause in the end it says sell them

Answer: sellers

The producer is the manufacturer of the item/product.

The seller is the person who buys the item from the manufacturer.

The consumer is the one who buys the item again from the seller.

Hope this helps you!

when receiving inventory, you should do which of the following?

Answers

Answer:

what are the answers

Explanation:

ECON Good morning can someone answer this ASAP

Answers

Answer:

D

Explanation:

Answer:

According to the Law of Demand: When the price of a product increases, the demand for the same product will fall.

So, the answer is 'A. the product's price increses

There are at least three ways to submit a cover letter to an employer. Which methods are
most effective in your industry? Why do you think this?

Answers

Answer:

Introduction, Sales Pitch and Conclusion.

Explanation:

an employee who has integrity is

Answers

Integrity is the act of behaving honorably, even when no one is watching. ... Employers who are committed to hiring employees with integrity are better equipped to provide high-quality service and maintain a positive reputation. When employees have integrity, their managers can trust their team is working diligently.

Answer:trustworthy and honest

Explanation:

Cause I’m amazing

Which best compares and contrasts the teaching and training careers and the professional support careers?

A) Both careers try to support student success; however, teaching and training careers involve direct instruction of students.

B) Both careers help students learn; however, teaching and training careers are involved in running the school.

C) Both careers are increasing the number of available jobs; however, professional support career earns less money.

D) Both careers have support careers; however, professional support careers assist in the classroom.

Answers

Answer:

A) Both careers try to support student success; however, teaching and training careers involve direct instruction of students.

Explanation:

Professional support careers help people involved in education and training systems with personal and family needs,  educational goals, mental health assistance, and career decision-making. They provide support and encouragement to students undergoing challenging experiences. Professional support career titles include counselors and Psychologists, among others.

Teachers and trainers offer instructions to students in the class or other conducive places. They help students complete their syllabus, learn intended materials, acquire knowledge, and pass their examinations.

Answer: ITS A

Explanation:CORRECT ON EDGE 2020

You purchased one hundred shares of AT&T stock. The company pays 20 cents per share to each shareholder (That's you!) at the end of this quarter. This money is called:

Answers

Answer:

I believe its the dividend

Explanation:

A dividend payment is the distribution of a company's profits to its shareholders. Dividends are usually paid in cash, but sometimes in company stock, and companies often use them to return profits they don't need for their operations back to investors.

Answer:

Dividends

Explanation:

To bring _____ to life, experts advocate a forceful, integrated approach to ethics that includes establishing expectations for ethical behavior at all levels of the organization, from the CEO to the night-time cleaning crew. Group of answer choices social responsibility a code of conduct business ethics a code of ethics

Answers

Answer:

a code of ethics

Explanation:

U.S. businesses with just a single owner and no staff account for more than $990 billion in annual sales
a. True
B. False

Answers

Answer:

It is true I believe ...

Answer:

Its true

Explanation:

When applying to college, it pays to ask for help and advice from people who have already gone. Which of the following people could be a useful resource during the college application process?
A.) Teachers
B.) Principals
C.) Guidance Counselors
D.) All of the above

Answers

Answer:

d

Explanation:

Because you need all of them for advice or anything

Answer: all of the above

Explanation:

because they all need to check for you

Raul works in Human Resources and is interviewing four people for the position of Budget Analyst. Which candidate
has the best education for this particular career?
Candidate A bachelor's degree in Finance and master's degree in
Mathematics
Candidate B
bachelor's degree in Mathematics and associate's degree in
Marketing
Candidate C
associate's degree in Computer Programming and HS diploma
Candidate D
bachelor's degree in Economics and master's degree in
Management


?

O Candidate A
O Candidate B
O Candidate C
O Candidate D

Answers

Answer:

A

Explanation:

Answer:

it is a

Explanation:

just took the test

What is a file manager? Give an example the file manager is a user medium platform interface

Answers

Answer:

The Android File Manager app helps users manage and transfer files between the smartphone's storage and a computer. ... The Android operating system allows you to remove apps quickly if you no longer use them or to make room for additional files without having to connect the phone to your computer.

Explanation:

What is the value in customizing a cover letter? What do you think are the most valuable
three thing to customize? Why?

Answers

Answer:

The person hiring will see you actually care and your not just doing it for the money, it will also show some professionalism the three most important things to personalize is why you would be a good addition, your experience and how its helped you grow and how you would like to see yourself grow in their company

Explanation:

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To use cout statements you must include the __________ file in your program. calculate earths velocity of approach toward the sun when earth in its orbit is at an extremum of the latus rectum through the sun Jill is building a wooden raised bed garden for her vegetable she wants the frame to have dimension X feet by X +3 feet if she wants the garden to have a maximum area of 50 ft. what are the possible values of X Which line in this poem best supports the theme that words can be both pleasing and harmful?A Line 6B Line 9CLine 15D Line 24 In the image above, what do the red arrows on lines mean? Consider the equation and its solution. 8 (x minus 2) = 64. 8 x minus 16 = 64. 8 x = 80. X = 10. Which property is used in the last step to find that x = 10? Distributive property addition property of equality subtraction property of equality division property of equality What is 40 percent of 50? 1. 202. 303. 404. 10 Please do all and Ill mark brainliest!! Ive added extra points and I really need help ASAP!! Dont worry about the 3D shape one If on a scale drawing 240 feetare represented by 10 inches,then a scale of inchrepresents how many feet? Last question!Find the equation of the lineY=__x +__ Which statement best describes the intersection of three planes? A) The planes could form one or two lines.B) The planes could form one, two, or three lines.C) The planes will form two lines.D) The planes could form one, two, or three lines, or they could intersect at exactly one point. Simplifying Expressions , ANSWER ASAP PLEASE!!What determines how many of each ion is required for an ionic compounds?please do not look up on google!!!! Match the following terms describing the physical/mecahnical events with the correct phases of the cardiac cycle. Each phase may be used more than once.Question Selected MatchAll 4 cardiac valves are closed and all 4 chambers are relaxed during this phase.The maximum amount of blood is in the ventricles at the end of this phase.The pressure in the ventricles is higher than in the atria, but lower than in the arteries, during this phase.The semilunar valves are open and the AV valves are closed during this phase.The atria contract at the end of this phase.The pressure in the ventricles is higher than the pressure in both the atria and the arteries during this phase.Systole begins with this phase.All Answer ChoicesA.ventricular ejectionB.ventricular fillingC.isovolumetric relaxationD.isovolumetric contraction which characteristic could help you distinguish between bacteria and fungi? I need help with this pleaselx+ 11 l< 17 The stock price of a company was $35. The stock price fell to $28. Which is the closest to the percent decease in this stock price? A windmill has eight equally spaces blades that rotate in the clockwise direction How many degrees must blade P rotate to reach location blade U? a225 degrees b45 degrees c120 degrees d180 degrees To encourage recycling many states require a $.70 deposit or drink containers the total deposit di you pay depends on the number of containers N You by the function D =0.07N could be used to describe the situation if you deposit $1.40 how many containers do you buy? Who was John Scopes And what did he do? YEOO I NEED A ANSWER ASAP