A firm characterized as a price taker: a) has control over the price it pays, or receives, in the market. b) sets the price for the market. c) takes the price that is determined from the lowest price consumers are willing to pay for an item. d) has no control over the price it pays, or receives, in the market. e) is not a characteristic of a perfectly competitive market.

3. describe the purpose of the sec. (1-4 sentences. 2.0 points)

Wilson center is a private not-for-profit voluntary health and welfare entity. during 2017, it received unrestricted pledges of $638,000, 65 percent of which were payable in 2017, with the remainder payable in 2018 (for use in 2018). officials estimate that 14 percent of all pledges will be uncollectible. a. how much should wilson center report as contribution revenue for 2017? b. in addition, a local social worker, earning $20 per hour working for the state government, contributed 600 hours of time to wilson center at no charge. without these donated services, the organization would have hired an additional staff person. how should wilson center record the contributed service?

The advertisement demonstrates a popular way companies try to sell a product. what should consumers consider when it comes to the price of this product? it includes shipping and handling costs. it takes into account maintenance costs. it explains why this price is a good deal. it makes the full cost appears lower than it is.