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2 years ago

What are the likely reason(s) that the market for electricity is not perfectly competitive? Please select all that apply.

Business

1 answer:

Ulleksa [173]2 years ago

5 0

Answer:

The correct answer is option C and D.

Explanation:

A perfectly competitive firm has a large number of buyers and sellers. These sellers produce homogenous products. There is no restriction on entry and exit in the market. The firms are price takers.

The market for electricity is not a competitive market because there are few sellers in the market and there is difficulty in entry and exit because of the high cost involved.

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MaryJane’s Bakery manufactures and sells a variety of baked goods. The selling price per dozen of chocolate glazed dunuts is $8.

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Answer:

$4.20

Explanation:

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2 years ago

We counted the number of people who entered our store across the span of a week in the morning, afternoon, and evening. What is

allsm [11]

Answer and explanation:

The simplest form to identify a difference in the frequency of the customers who visited the sore is by recording the number of people coming into the shop is well established time frames during the morning, afternoon, and night. After performing the report for at least a couple of weeks, a comparison should be made among the opening days and time frames during a day to find out what days are the heaviest in clientele and during what time.

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2 years ago

Curtis purchased inventory on December 1, 2020. Payment of 250,000 stickles was to be made in sixty days. Also on December 1, Cu

jek_recluse [69]

Answer: $0

Explanation:

Forward contracts get their value from the cost and on December 1, there was no cost to Curtis as he Curtis had just signed the contract.

This means that the amount that should be recorded for the Forward Contract should be $0. Even though the contract is valued at $0, it will still need to be credited against the amount to be received to at least recognize that a forward contract was entered into.

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2 years ago

Tally Corp. sells software during the recruiting seasons. During the current year, 18 comma 000 software packages were sold res

Nostrana [21]

Answer:

$26,300.

Explanation:

The operating income for the current year is $270,000 (450,000 - 130,000 - 50,000). When sales change, variable costs also change with the change of output, but fixed cost remains the same. So we have to calculate the variables costs when sales increase by $80,000. To do so, variable expense ratio, calculated as variable expense / sales, will be used.

So, variable expense ratio is .29 (130,000 / 450,000).

Calculation for Change in Operating Income when sales are $530,000 (450,000 + 80,000) is as follows:

Sales revenue $530,000

Variable costs (530,000 * .29) (153,700)

Fixed costs (80,000)

Operating Income $296,300

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6 0

2 years ago

Read 2 more answers

Carpet Renewal dyes carpets for residential customers. The company is interested in estimating fixed and variable costs. The fol

irakobra [83]

Answer: c. $47 per carpet

Explanation:

Total variable costs are:

= Cleaning supplies + Hourly wages + Transportation

= 5,140 + 11,000 + 3,600

= $19,740

The variable cost per carpet is:

= Total variable cost / Number of carpets dyed

= 19,740 / 420

= $47 per carpet

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2 years ago