Firm 1 reduces its pollution by 10 tonnes and Firm 2 reduces its pollution by 30 tonnes. minimum amount of money that must be paid (total) for these permits is $6,000.
i. In order to reduce the total pollution by 40 units and for it to be cost-effective, the firms must cut down their emissions in a way that minimizes the cost. Therefore, the total cost for reducing pollution should be the same for both firms. Let's first find the cost function for each firm. Cost1 = MC1 (E1) = 300E1Cost2 = MC2 (E2) = 100E2Given that the regulators decide to reduce total pollution by 40 units, we can express the equation as: E1 + E2 = 40
Now, we can solve for E1 as follows:E1 = 40 - E2Now, we can substitute this equation into each of the cost functions:Cost1 = 300 (40 - E2)Cost2 = 100E2Since the total cost of reducing pollution should be the same for both firms, we can equate both cost functions:300 (40 - E2) = 100E2 12,000 - 300E2 = 100E2 12,000 = 400E2 E2 = 30 tonnesNow that we know that Firm 2 needs to cut down its emissions by 30 tonnes, we can use the total pollution equation to find that Firm 1 needs to cut down its emissions by 10 tonnes.
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Click this link to view O*NET’s Skills section for Postal Service Mail Carriers. Note that common skills are listed toward the top and less common skills are listed toward the bottom. According to O*NET, which common skills are needed by Postal Service Mail Carriers? Select two options.
active listening
critical thinking
repairing
instructing
equipment maintenance
Answer:
AB
Explanation:
got it right
Create a job application including a cover letter and a resume. Make certain you have included your work and volunteer experience, education, and "selling points." Compare your resume to the job descriptions and respond to each of the questions asked. This should be a one- to two-page response thoroughly examining each question—this will prepare you for when you do apply for a job (if you have not already).
After reviewing the functions of human resource management identified early in the lesson, answer the following questions:
Identify the person from human resources whom you might engage. If it’s a small business, who do you think would be your contact?
Assume you were hired. What would human resources do for you as an employee? Discuss what benefits HR would offer and how, you believe, this would happen if you were to be employed in this position.
In a cover letter, you introduce yourself to potential employers and request that they consider your application. The letter is brief, often 3 to 5 paragraphs long.
What is Management?Management is the art of getting things done through and with the people in formally organized groups.
An efficient resume summary uses the following structure: Professional title (if applicable) with significant work history, plus top accomplishments (preferably measurable results) + Top Knowledge, Experience, and Values (relevant to the job and industry)
Reduce the length of cover letters to three to four paragraphs, not exceeding one page. Use an active voice while maintaining a confident, commercial enterprise-like tone. Don't start too many phrases with "I." Check for repetition and errors by reading your cover letter out loud.
Therefore, This is how you can create a job application including a cover letter and a resume.
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Assume that Stllwater Designs produces two automotive subwoofers: 512L7 and 5121.5. The 51217 sells for 5475 , and the 512L5 sells for 5300 , Projected sales (number of speakers) for the coming five quarters are as follows: The vice president of saies believes that the projected sales are realistic and can be achieved by the company. Stiitwater Designs needs a production budget for each product (representing the amount that must be outsourced to manufacturers located in Asia). Beginning inventory of 512L7 for the first quarter of 20Y1 was 340 boxes. The company's policy is to have 20% of the next quarter's 5a ies of 512 L7 in ending inventory. Beginning inventory of 512 L5 was 170 boxes. The company's policy is to have 30% of the next quarter's sales of S12L.5 in ending inventory. Requiredt Prepare a production budget for each quarter for 20Y1 and for the year in total. Prepare a production budget for each quarter for 20Y1 and for the year in total. Stillwater Designs Production Budget for $12L7 For the Year Ended December 31, 20Y1 Stillwater Designs Production Budget for $12L5 For the Year Ended December 31, 20Y1
To prepare the production budget for the year as a whole, simply sum up the required production for each quarter.
To prepare the production budget for Stillwater Designs for each quarter in 20Y1 and for the year as a whole, we need to consider the projected sales, beginning inventory, and the company's inventory policy.
First, let's calculate the production budget for the 512L7 automotive subwoofer:
1. Quarter 1:
- Projected sales for quarter 1: [insert projected sales for quarter 1]
- Beginning inventory for quarter 1: 340 boxes
- Ending inventory for quarter 1 (20% of next quarter's sales): [insert 20% of projected sales for quarter 2]
- Required production for quarter 1: Projected sales + Ending inventory - Beginning inventory
2. Quarter 2:
- Projected sales for quarter 2: [insert projected sales for quarter 2]
- Beginning inventory for quarter 2: [insert ending inventory for quarter 1]
- Ending inventory for quarter 2 (20% of next quarter's sales): [insert 20% of projected sales for quarter 3]
- Required production for quarter 2: Projected sales + Ending inventory - Beginning inventory
Repeat this process for quarters 3, 4, and 5.
Now, let's calculate the production budget for the 512L5 automotive subwoofer:
1. Quarter 1:
- Projected sales for quarter 1: [insert projected sales for quarter 1]
- Beginning inventory for quarter 1: 170 boxes
- Ending inventory for quarter 1 (30% of next quarter's sales): [insert 30% of projected sales for quarter 2]
- Required production for quarter 1: Projected sales + Ending inventory - Beginning inventory
2. Quarter 2:
- Projected sales for quarter 2: [insert projected sales for quarter 2]
- Beginning inventory for quarter 2: [insert ending inventory for quarter 1]
- Ending inventory for quarter 2 (30% of next quarter's sales): [insert 30% of projected sales for quarter 3]
- Required production for quarter 2: Projected sales + Ending inventory - Beginning inventory
Repeat this process for quarters 3, 4, and 5.
To prepare the production budget for the year as a whole, simply sum up the required production for each quarter.
Remember to use the given projected sales and follow the inventory policy (20% for 512L7 and 30% for 512L5) to calculate the ending inventory for each quarter.
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One of the problems associated with the utilitarianism is that it does not recognize that taxing those with higher incomes results in less work effort. each individual receives a different marginal benefit from a dollar's worth of income. equity is achieved when there is no poor and no rich. similar individuals should be treated the same.
Answer:
taxing those with higher incomes results in less work effort.
Explanation:
In normative ethics, utilitarian ethics (utilitarianism) can be defined as a theory of morality or ethical theory that typically involves engaging in actions that facilitate pleasure, joy or happiness while completely opposing any action capable of causing harm and unhappiness.
Basically, utilitarian ethics considers an action to be right or morally correct if it produces genuine happiness or joy in the mind of a large number of people in an organization, group or society.
The three (3) main principles (axioms) of utilitarian ethics (utilitarianism) include the following;
I. The only thing with an intrinsic value is pleasure or happiness.
II. If an action promotes happiness or pleasure, then it is right; it is wrong if it causes harm or unhappiness (sadness).
III. The happiness of everyone in a group or society should count equally.
One of the problems associated with the utilitarianism is that it does not recognize that taxing those with higher incomes results in less work effort.
If your manager were to give you a complex project that involved a lot of research and analysis to provide information to write a detailed and accurate report, how might you make it more manageable? What type of communication skills would that require?
In order to make a complex project more manageable, an individual should follow the tips for project management. Try to define the goals and prioritize what's urgent, then analyze the resource and gather the data. Business communication skills would be require for the business project.
What is the significance of business communication?Business communication refers to the process of sharing information between the people within the workplace or outside the company.
Business communication plays a very significant role in an organization as it helps to establish formal relations between employees and workers. It also helps the employee understanding the goals of a company.
Basically, the main purpose of the business communication is to improve organizational practices and reduce errors.
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wells fargo combined with wachovia to form the nation’s fourth largest banking corporation. T/F
True. Wells Fargo combined with Wachovia to form the nation's fourth-largest banking corporation.
In 2008, Wells Fargo announced its acquisition of Wachovia Corporation, which was facing financial difficulties due to the subprime mortgage crisis. This acquisition allowed Wells Fargo to expand its presence and strengthen its position in the banking industry.
The merger resulted in the creation of a financial institution that held significant market share and assets, solidifying its position as the fourth-largest banking corporation in the United States. The combined entity benefited from increased resources, customer base, and geographic reach, further enhancing its competitive position in the market.
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Uncle Fred recently died and left $335,000 to his 50-year-old favorite niece. She immediately spent $120,000 on a town home but decided to invest the balance for her retirement at age 65. What rate of return must she earn on her investment over the next 15 years to permit her to withdraw $70,000 at the end of each year through age 80 if her funds earn 8 percent annually during retirement? Use Appendix A and Appendix D to answer the question. Round your answer to the nearest whole number.
The niece must earn a rate of return of approximately 9% on her investment over the next 15 years to permit her to withdraw $70,000 at the end of each year through age 80 if her funds earn 8% annually during retirement.
To determine the rate of return the niece must earn on her investment over the next 15 years, we can use the concept of the future value of an annuity.
The niece received an inheritance of $335,000 and spent $120,000 on a townhome. Therefore, the amount she has left to invest is $335,000 - $120,000 = $215,000.
She plans to withdraw $70,000 at the end of each year from age 65 to age 80, for a total of 15 years.
The funds are expected to earn 8 percent annually during retirement.
To calculate the required rate of return, we need to find the future value (FV) of the withdrawals and compare it to the initial investment.
Using the future value of an ordinary annuity formula;
FV = PMT × [\((1+r)^{n-1}\)] / r
Where; FV is the future value
PMT is the annual withdrawal amount ($70,000)
r is the annual interest rate
n is the number of years (15 years)
We will solve for the rate of return (r);
FV = $70,000 × [(1 + r)¹⁵ - 1] / r
Using Appendix A or a financial calculator, we can find that the future value factor for 15 years at an interest rate of 8% is approximately 24.944.
24.944 = (1 + r)¹⁵ - 1 / r
Simplifying the equation:
24.944r = (1 + r)¹⁵ - 1
We can use trial and error or iterative methods to solve this equation. However, with the given options, we can use Appendix D, which provides approximate values for the rate of return.
Looking up Appendix D, we find that a value close to 24.944 falls between 8% and 10%. Let's assume the rate is 9%.
24.944 × 0.09 ≈ 2.249
On Appendix D, we find that the corresponding factor for 15 years and a rate of 9% is approximately 2.243.
Comparing the calculated factor (2.249) to the table value (2.243), we can see that the rate of return is slightly higher than 9%.
Therefore, the niece must earn a rate of return of approximately 9%.
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jab holding co., was a diversified holding company. recently it has been acquiring companies in the beverage and food industries. why?
If jab holding co., was a diversified holding company. recently it has been acquiring companies in the beverage and food industries. The reason is: He wanted to remake itself into a focused, related diversifier.
What is diversified holding company?A diversified holding company can be defined as a company that tend to venture into different type of business by producing and selling different products. This type of company tend to own and operate different type of businesses.
A diversified holding company can tend to merge with other company or acquire another company , they engage in this by adding different type of unrelated products or goods to their already existing business. This type of companies always which to try out new product or new business,
Therefore jab holding co. want to remain diversified.
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Is the sales manager a subordinate? explain why?
hellp! WILL GIVE 30 POINTS!!
Alexis and Damian are both taking a course on picking a career. They go to the same art club so they both know what they enjoy doing. Surprisingly, Alexis and Damian might find careers in the Architecture and Construction Career Cluster that allow them to express themselves through art. Create a list of possible jobs in this cluster that could use an artistic person and explain a task that each job does that the two students might particularly enjoy.
*Dont answer for points, cuz I've gotten scames so many times :/
Answer:
A few jobs that express how you feel through art are house remodeling because you can decorate with things that make you happy or that show how you feel, professional painter because you can paint how you feel, and a gardener because you make the garden look like something that expresses how you feel.
Explanation:
Hope this helps! Just make sure to edit it a little so that you don't get in trouble! :)
2 A fall in the price of crude oil from $90 per barrel to $80 per barrel leads to an infinite fall in
quantity supplied
The price elasticity of demand with an infinite decrease in quantity supplied would be infinite.
Infinite elasticity, also known as perfect elasticity, is a scenario in which either the quantity demanded (Qd) or the quantity supplied (Qs) shifts by an infinite amount in response to any price change at all. This is an extreme example of the concept. The supply curve and the demand curve both have a line in both of these scenarios.
An extreme case would be a demand that is perfectly elastic. When we talk about perfect elastic demand, we imply that the quantity required will go all the way to infinity when the price goes down, but it will go all the way down to zero when the price goes up. You can think of perfectly elastic demand as "all or nothing" when consumers are particularly sensitive to changes in price. This is because consumers in this situation will either buy everything or nothing at all.
Your question is incomplete, but most probably your full question was:
A fall in the price of crude oil from $90 per barrel to $80 per barrel leads to an infinite fall in quantity demanded. Calculate the price elasticity of demand?
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Problem 11-7 Evaluating Health Insurance Options (L011. 4)
Ronald started his new job as controller with Aerosystems today, Carole, the employee benefits clerk, gave Ronaldo packet that
contains information on the company's health insurance options, Aerosystems offers its employees the choice between a private
insurance company plan (Blue Cross/Blue Shield), on HMO, and a PPO, Ronald needs to review the pocket and make a decision onwhich health care program fits his needs. The following is an overview of that information
Based on the plan that Ronald chooses, the annual medical costs that he will pay using the sample medical expenses is $1,109.08.
What is Ronald's annual medical cost?This can be found as:
= Annual premium + Deductible + Total coinsurance cost
Annual premium is:
= 43.34 x 12 months
= $520.08
Total coinsurance cost:
= (((Physician visits x Cost per visit) + Cost of prescription) - Deductible) x Coinsurance percentage)
= (((5 x 110) + (66 + 90) - 156) x 25%)
= $39
Annual medical cost:
= 520.08 + 550 + 39
= $1,109.08
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Bonnie claims single with 2 federal withholding allowances, and contributes state tax of 20% of her federal tax. Below is a copy of Bonnie's biweekly statement of earnings. Bonnie knows that her gross earnings and federal tax are correct, but she thinks that her net pay is not correct. Using the fact that Social Security is 6.2% and Medicare is 1.45% of gross pay, explain why the given net pay is not correct. Determine how the error can be corrected, and what the net pay should be.
Answer:
The given net pay is not correct because Medicare is not 1.45% of her gross pay. The Medicare should be $11.02, making the correct net pay $641.86.
Answer:
The amount of Medicare tax has been calculated incorrectly. The Medicare tax should be $11.02, not $110.20. The actual net pay should be $641.86.
Explanation:
From Ed. :)
A high fashion designer brings his upcoming fall collection to Nordstrom department store for customers to preview. This is an example of which type of event
A high fashion designer that brings his upcoming fall collection is the example of trunk show. It is because the creator or fashion designer bring her own product to the customer in a venue.
In business, A trunk show generally can be defined as an event in which vendors present merchandise directly to customers or also store personnel at another venue such as a hotel room or also retail location. Trunk show give a big impact through the company's income, it is because trunk show allows store personnel to preview and/or purchase merchandise before it is made available to the public.
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Isabella deposited $1,400 in a savings account at her bank. Her account will earn an annual simple interest rate of 6.6%. If she makes no additional deposits or withdrawals, how much money will she have in her account in 13 years
After 13 years, Isabella will have approximately $2,601.2 in her savings account.
To calculate the future value of Isabella's savings account after 13 years with an annual simple interest rate of 6.6%, we can use the formula for simple interest:
Future Value = Principal + (Principal * Interest Rate * Time)
Where:
Principal = $1,400 (initial deposit)
Interest Rate = 6.6% = 0.066 (decimal form)
Time = 13 years
Let's calculate the future value:
Future Value = $1,400 + ($1,400 * 0.066 * 13)
Future Value = $1,400 + ($1,400 * 0.858)
Future Value = $1,400 + $1,201.2
Future Value = $2,601.2
Therefore, after 13 years, Isabella will have approximately $2,601.2 in her savings account.
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assume that the united states faces an 8 percent inflation rate, while no (zero) inflation exists in japan. according to the purchasing-power parity theory, the dollar would be expected to
The purchasing-power parity theory predicts an 8 percent decline in the value of the dollar relative to the yen.
How exchange rate is determined under purchasing power parity?
Exchange rates are already in equilibrium whenever one country's currency possesses the same purchasing power as the other, in accordance with the purchasing power parity (PPP) hypothesis.
When there are transit costs, trade restrictions (like tariffs), price fluctuations for non-tradable inputs, insufficient awareness of current market conditions, and other Forex key stakeholders, purchasing power parity (PPP) among nations is not met. According to the notion of purchasing power parity, exchange rates between two countries will eventually adjust to reflect differences in their different price levels.
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suppose an unanticipated decrease in foreign spending on domestically produced goods causes the aggregate demand curve to shift to the left (from AD1 to AD2 ). According to adherents of the adaptive-expectations theory, the unanticipated change in aggregate demand will cause the economy to move in which direction
Answer:
Under the adaptive expectations theory, individuals and businesses base their future economic expectations using past events and experiences as their starting point. E.g. if the economy has been constantly growing steadily for the past 4 years, people and businesses will expect that it continues to grow in a similar way in the near future.
In this case, since the aggregate demand decreased (leftward shift) but this was the result of an unanticipated decrease in exports, economists, individuals and businesses will believe that the economy will not be affected and shall soon return to its normal path. The problem is that the economy actually starts to shrink, and since no adjustments are made on time, the problem will not improve, instead it will get worse. Eventually, once the people and businesses realize the negative effect on the economy, they will react abruptly.
This happened during the Great Recession when everyone thought that the prices of homes would increase forever, but once people realized their mistake, panic spread and the economy collapsed. This is not the same situation, but the negative effects will be eventually felt.
Sally is trying to choose between two internet plans. Under the first plan, AT & T will sell her a DSL modem for $16.99, and then she must pay $11.99 per month. Under the second plan, Verizon will give her a modem for free, but she must pay $14.99 per month.
(a) When does the Verizon plan become the worse deal (how many months)?
(b) Describe at least one other possible solution method for Part 2a besides the one you used.
The Verizon plan becomes the worse deal compared to the AT&T plan after 8 months of service. An alternative solution method for determining the point at which the Verizon plan becomes less favorable is by setting up and solving an equation.
To determine when the Verizon plan becomes the worse deal, we can compare the total costs of both plans over time. In this case, the AT&T plan has an initial cost of $16.99 for the DSL modem, while the Verizon plan provides the modem for free. However, the monthly cost of the Verizon plan is higher at $14.99 compared to $11.99 for the AT&T plan.
By setting up an equation to compare the total costs of the two plans, we can solve for the number of months at which the costs become equal:
16.99 + 11.99x = 14.99x
where x represents the number of months. Simplifying the equation, we find:
16.99 = 14.99x - 11.99x
2x = 16.99
x ≈ 8.495
Since we cannot have a fraction of a month, we round up to the nearest whole month. Therefore, the Verizon plan becomes the worse deal after 8 months of service.
An alternative method to solve part 2a is by creating a table or graph that compares the total costs of the two plans over time. By plotting the cumulative costs for each month, we can visually identify the point at which the costs intersect and the Verizon plan becomes less favorable.
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What is Credit VS Debit
Answer: Often people think debits mean additions while credits mean subtractions. This isn’t the case at all. Debits and credits actually refer to the side of the ledger that journal entries are posted to. A debit, sometimes abbreviated as Dr., is an entry that is recorded on the left side of the accounting ledger or T-account. Conversely, a credit or Cr. is an entry on the right side of the ledger.
Explanation:
U.S. Bureau of Labor Statistics
PLZZZZ HELLLPP
Which conclusion is accurately reflected in the data table? (10 points)
O As your level of education increases, your income potential decreases.
O As your level of education decreases, your income potential increases.
As your level of education decreases, your income potential remains the same.
o As your level of education increases, your income potential also increases.
Answer:
As your level of education increases, your income potential also increases.
Explanation:
As per the graph, the highest earners are holders of a doctoral degree, professional degrees, and master degrees. These are highly educated individuals.
At the bottom end, the lowest earners are those with high school diplomas and below.
The graphs clearly illustrate that acquiring a high level of education increases the probability of increased earning.
Dana lives in her Newport property nine months out of the year and uses it as a rental for the remaining three months. Is she liable for paying an excise tax on her short-term rental
No, she is not liable for paying an excise tax on her short-term rental because it only applies to short-term rentals of fewer than eight consecutive days.
A statute governing and taxing short-term house and condo rentals was approved by the governor on December 28 and became law on January 1, 2019. A rental with a duration of 31 days or less is considered short-term. Exemptions from this tax include annual and long-term leases (32 days or more). 2019 January 1 marked the start of the tax. The rental tax must be included in any lease that is signed on or after this date for a rental period that starts on July 1, 2019, or later.
All rentals beginning before July 1st, 2019 were therefore exempt from taxation. Like any tax paid at a hotel or motel, the lodging tax is the responsibility of the tenants. Vacationers are growing more accustomed to paying one since private rental lodging taxes are widespread around the nation, including in every other New England state. Renters must pay this tax regardless of the type of residence they choose because no one is exempt.
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apple develops new iphones in the united states but builds them overseas. which type of integration is this?
This type of integration is known as conglomerate merger.
Alomar Corporation had a balance of $1,000 in Prepaid Supplies at the beginning of the year. The company purchased $700 of supplies during the year. At year end, Prepaid Supplies had a balance of $1,100. What is the amount of Supplies Expense that Alomar Corporation will recognize for the year?a. $600b. $700c. $800d. $1,100
$600 is the amount of Supplies Expense that Alomar Corporation will recognize for the year .
What does the term "delayed expense" mean?
Costs that have been incurred but not yet been used up are referred to as delayed expenses. Until the underlying goods or services are utilized, the cost is recorded as an asset; at that moment, it is charged to expenditure.
Office space rent. startup expenses. advertising expenses. Insurance premiums are paid in advance.
Particulars Amount ($)
Beginning prepaid expense 1,000
Add: Purchased 700
Less: Closing prepaid expense (1,100)
Amount of supplies expense 600
Therefore, the amount of supplies expense that A Corporation will recognize for the year is $600.
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After a job interview, you should _____.
A. Celebrate
Write a thank you letter
call the interviewer immediately to see if you got the job
call your friend to tell them about the interview
Answer:
I think that after a job interview you should call your friend and tell them about the interview you should not celebrate because you don't know if you've gotten the job and if you call your friend they might give you hope on getting the job
Which of the following choices incur speculative risk?
a.stocks
b.fire insurance on a house
c.options
d.life insurance
e.high interest savings account
Answer: correct option is A.
Explanation: A speculative risk can be defined as risk that is taken willingly either it results in profit or loss and the stocks involve in probability of gain and loss making it a speculative risk.
Stocks incur speculative risk. Therefore option A is correct.
What are Stocks?A stock usually referred to as equity, is a type of investment that denotes ownership in a portion of the issuing company. Shares, also known as units of stock, entitle their owners to a share of the company's assets and income in proportion to the number of shares they possess.
Common stock and preferred stock are the two primary categories of stocks.
Owners of common stock are entitled to dividends and the right to vote at shareholder meetings.
Common stockholders often do not have voting rights, while preferred stockholders typically get dividend payments ahead of time and are given preference over common investors in the event of a firm bankruptcy and asset liquidation.
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How do you feel about special treatment for preferred customers? Can a company go too far in rewarding them? Record your response in your journal.
I believe that companies should reward their preferred customers for their loyalty. However, I think that the company should be careful to not go too far in rewarding them. When companies give preferential treatment to certain customers, it can create animosity among customers who are not given the same advantage.
Companies should ensure that their reward systems are fair and transparent, so that customers know what they need to do in order to receive special treatment. Additionally, companies should make sure that the rewards they give out are not too extravagant, as it can cause customers to become too entitled. Companies should strive to make sure that all customers are given equal opportunities to receive rewards.
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Which multimedia and interactive elements do you think would best support your viewpoint on the topic you chose for your blog? Write two to four sentences explaining what multimedia and interactivity you will use and why.
Answer:
I will use images and details from credible websites, which will boost my own credibility and support my claim. I will also use charts and graphs from trusted web resources, such as government and university sites, to make my supporting evidence clear
Explanation:
I took the test
Brainiest???
The Use of videos, audios, and images in the blog will not only make it attractive but also make it credible.
Best Way to Write BlogTo write a credible and attractive blog we need to use multimedia such as videos, images, link of credible websites. We can also use other elements which can autocorrect grammer mistakes, can easily provide best charts and graphs.
The use of these elements can give a better outlook to our blog, and also create a sense of trust and credible information.
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1. Define Trade, Import and Export
2. List items the U.S. imports and exports.
Answer:
food and clothing
Explanation:
import is to bring things from a different country for sale. export is to give things to a different country or place for sale. trade is to transfer or exchange something from a different country.
Pooja, Cathy, Huzefa, and Angela have come together to form a group based on their common interest of dining at new restaurants and writing about them in their blog. What kind of a group is this?
Pooja, Cathy, Huzefa, and Angela have come together to form a(n) _____
group.
Pooja, Cathy, Huzefa, and Angela have come together to form a(n) interest group.
What is an interest group?
A group that uses a variety of advocacy techniques to sway public opinion and/or policy is known as an interest group or an advocacy group. Another term for an interest group is: educated society. Group of people with a shared area of expertise or special interest. college community.
Interest groups are created to advance the causes that matter to its members. Influencing public policy is their main concern. Interest groups are also referred to as "pressure" or "lobby" groups because one of their main responsibilities is to apply pressure to political decision-makers.
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Assume that demand for a commodity is represented by the equation P=20-20d- Supply is represented by the equation P = -5 +30s where Qd and Qs are quantity demanded and quantity supplied, respectively, and Pis price. Instructions: Round your answer for price to 2 decimal places and enter your answer for quantity as a whole number. Using the equilibrium condition Qs = Qd solve the equations to determine equilibrium price and equilibrium quantity. Equilibrium price = _________$ Equilibrium quantity = _________units
Equilibrium price is $0.50 and equilibrium quantity is 10 units.
Given, Demand, Qd = 20 - 20P, Supply, Qs = 30P - 5
Equilibrium condition, Qs = Qd
At equilibrium, Qs = Qd
30P - 5 = 20 - 20P
30P + 20P = 20 + 5
50P = 25=> P = 25 / 50
P = 0.5
Equilibrium price = $0.50
Now, put P = 0.5 in any one of the supply or demand equations
Demand, Qd = 20 - 20 × 0.5= 10
Supply, Qs = 30 × 0.5 - 5= 10
Equilibrium quantity = 10 units
Here, equilibrium price is $0.50 and equilibrium quantity is 10 units.
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