In what type of market is each good or service in the following list sold? Explain your
Question:
In what type of market is each good or service in the following list sold? Explain your answers.
• Wheat
• Jeans
• Printer cartridges
• Toothpaste
• Gym membership in a town with one gym
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 80% (5 reviews)
Wheat Wheat is sold in a perfectly competitive market because there ar...View the full answer
Answered By
Ankur Gupta
I have a degree in finance from a well-renowned university and I have been working in the financial industry for over 10 years now. I have a lot of experience in financial management, and I have been teaching financial management courses at the university level for the past 5 years. I am extremely passionate about helping students learn and understand financial management, and I firmly believe that I have the necessary skills and knowledge to effectively tutor students in this subject.
4.80+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
In what type of market do these gas stations operate? What determines the price of gasoline and the marginal revenue from gasoline? Two gas stations stand on opposite sides of the road: Rutter's Farm...
-
In what type of circumstances would it be better to avoid a Type I error as opposed to trying to avoid a Type II error?
-
In what type of accounting system must debits always equal credits? What is the accounting identity? What is the connection between "debits always equal credits" and the accounting identity?
-
Explain what you would assume the yield curve would look like during economic expansion and why.
-
Conspicuous Consumption, Inc., a prominent consumer products firm, is debating whether or not to convert its all-equity capital structure to one that is 35 percent debt. Currently, there are 8,000...
-
What will you say to them to convince them that you have a good idea, that your services will be a valuable addition to the community, and that you have the business skills to successfully run a...
-
Discuss how Dr. Bronners packaging and labeling emphasize its corporate and marketing philosophies.
-
Shelby Corporation purchases 90% of the outstanding stock of Borner Company on January 1, 2011, for $603,000 cash. At that time, Borner Company has the following stockholders equity balances: common...
-
what is Culture and it's related things?
-
A person's e-mail address is his or her login name @ the name of a DNS domain with an MX record. Login names can be first names, last names, initials, and all kinds of other names. Suppose that a...
-
Read Eye on Record Stores and explain why Amazon entered the market for recorded music and why independent record stores exited.
-
In perfect competition, all the following situations arise except ________. A. Firms produce an identical good or service B. Each firm chooses the price at which to sell the good it produces C. Firms...
-
A solar eclipse occurs when the Moon passes between the Earth and the Sun. Use a diagram to show why some areas of the Earth see a total eclipse, other areas see a partial eclipse, and most areas see...
-
1 Problem 4 - A firm's optimal output choice (10 points) Consider a price taking firm, where the market price for the output is given by P. The firm's output choice is denote by Q. The firm has a...
-
National health insurance refers to an insurance scheme that covers the entire population and is usually established by national registration. While available literature shows that utilization levels...
-
Westeros, Inc. receives scabbards (sheath for a sword) from two different suppliers. 70 percent of its scabbards come from Knights Watch, LLC, while 30 percent come from Crow, Inc. Records indicate...
-
(b) If the game below is repeated twice, the following strategies form an SPNE when = 1: Strategies Player 1 period 1: Play C period 2: Play B if (C,Y) in stage 1. Play A otherwise. Player 2 period...
-
1. Drug BB might move into red blood cells by simple diffusion through the lipid bilayer. Suppose that you place red blood cells (never before exposed to drug BB) and place them in a bathing solution...
-
What type of penalty or incentive provision do you think would significantly improve compliance with the Internal Revenue Code? Do you think such a provision could be passed?
-
Fahrad Inc. sells all of its product on account. Fahrad has the following accounts receivable payment experience: Percent paid in the month of sale .........10 Percent paid in the month after the...
-
Explain how the U.S. price level and real GDP will change in the long run if the Fed takes monetary policy actions that are consistent with its objectives as set out in the Federal Reserve Act of...
-
Explain how the U.S. price level and real GDP will change in the short run. Suppose that the U.S. economy is at full employment when strong economic growth in Asia increases the demand for...
-
Explain whether the Fed faces a tradeoff in the short run. Suppose that the U.S. economy is at full employment when strong economic growth in Asia increases the demand for U.S.-produced goods and...
-
Problem. The flash point of a liquid mixture can be estimated by finding the temperature at which the equilibrium concentration of the flammable vapors in air reaches a concentration such that yi LFL...
-
We find we have less inventory physically on hand than our records indicate we should have Question 24 options: Estimates Invoice Receive payment Sales receipt Bank deposit Credit memo Refund receipt...
-
Could you pleas guide for gams code to use for question Dynamic Model of the Reactor Consider the following Ordinary Differential Equations model of the ammonia reactor: dTf dx u S = (Tg - Tf) W Cpf...
Study smarter with the SolutionInn App