Demonstrate your understanding of demand and supply curves. Solve the following problems algebraically. a) Find the equilibrium price and the equilibrium quantity if the demand and supply equations of dark chocolate are respectively: P = 24 – 4Qq and P = 6 + 5Qs b) Find the equilibrium price and equilibrium quantity when the demand and supply equations are respectively: P = 15 - 3Qd and P = 2Qs
Answers
the equilibrium price of dark chocolate is $15 and the equilibrium quantity is (15 - 3Qd)/2.
Demand and supply are two essential economic concepts that help in determining the equilibrium price and quantity of a product in the market. Demand refers to the quantity of goods or services that customers are willing to purchase at a given price, whereas supply is the quantity of goods or services that suppliers are willing to provide at a given price.The demand and supply curves are used to represent the relationship between the price of a good or service and the quantity demanded or supplied. The demand curve is a downward-sloping curve that shows the relationship between the price of a good and the quantity demanded, while the supply curve is an upward-sloping curve that shows the relationship between the price of a good and the quantity supplied. The intersection point of these two curves is known as the equilibrium point. It is the point where the market demand is equal to the market supply. The equilibrium price is the price at which the quantity demanded is equal to the quantity supplied and vice versa. The equilibrium quantity is the quantity that is bought and sold at the equilibrium price. For example, given two demand and supply equations:
P = 24 – 4Qq and P = 6 + 5Qs, to find the equilibrium price and quantity, we can equate the two equations and solve for Q.24 - 4Qq = 6 + 5Qs18 = 9Qq + 10QsQq + Qs = 2
The equilibrium quantity, therefore, is Q = 2. Substituting Q into either the demand or supply equation gives us the equilibrium price.
P = 24 – 4QqP = 24 – 4(2)P = 16
The equilibrium price of dark chocolate is $16, and the equilibrium quantity is 2.For problem b, the equilibrium price and quantity are found by setting the two equations for demand and supply equal to each other.
15 - 3Qd = 2Qs15 = 2Qs + 3QdQs = (15 - 3Qd)/2
Substitute this value of Qs into the supply equation and solve for Qd:
P = 2QsP = 2(15 - 3Qd)/2P = 15 - 3
Hence, the equilibrium price of dark chocolate is $15 and the equilibrium quantity is (15 - 3Qd)/2.
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Related Questions
Choose the option that best matches the description given.
Providing assistance to people in need through programs is known as ___
services. a mental health b rehab c human
Answers
Answer:
Human services
Explanation:
what life? and how are you
Answers
Answer:
life is evrthing on earth that is living or requires certain things to live and If you want a lie im awsome.
Which of the following are automatically withheld from paychecks?
Answers
William clark wants to know his breakeven point. his selling price is $20 per unit, his fixed costs are $6,000, and the variable costs per unit are $10. what is his breakeven quantity?
Answers
The breakeven quantity is 600.
What is the breakeven quantity?Breakeven quantity are the number of units produced and sold at which net income is zero. At the breakeven quantity, the firm is neither earning a profit or a loss.
Breakeven quantity = fixed cost / price – variable cost per unit
$6,000 / ($20 - $10) = 600
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Suppose that a competitive firm hires labor up to the point at which the value of the marginal product equals the wage and that labor is the only input that varies for the firm. If the firm pays a wage of $700 per week and the marginal product of labor equals 35 units per week, then the marginal cost of producing an additional unit of output is
Answers
Answer:
$20
Explanation:
Calculation for the marginal cost of producing an additional unit of output
Using this formula
Marginal cost=Wage per week/Marginal product of labor
Let plug in the formula
Marginal cost= $700 per week/35 units per week
Marginal cost= $20
Therefore the marginal cost of producing an additional unit of output is $20
How important is money
Answers
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
What are derivative measures of behavior, and what are some
examples?
What is measurement by permanent product? When might you use
this approach?
Answers
The term "derivative measures of behaviour" refers to evaluations or measurements of behaviour that are made indirectly and are based on observable results or outputs.
Without actually watching the behaviour, these measurements offer insights into its incidence or efficacy. Derivative measure examples include: 1. Frequency: The quantity of occurrences of a behaviour or its result.2. Duration: Calculating how long a behaviour or its result lasts. 3. Latency: Measuring the lag between the onset of a behaviour and the stimulus. 4. Intensity: Quantifying a behavior's power, force, or size. Measuring behaviour by the tangible or long-lasting results it causes is known as measurement by permanent product. When it is impractical or challenging to observe behaviour directly, this method is used. For For example, the results of a reading test or the quantity of books read could be used as a permanent product measure when evaluating a child's reading aptitude rather than watching them read in real-time. This strategy is advantageous when behaviour produces a measurable outcome that can be assessed objectively in order to provide accurate and effective evaluation.
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100 points! PLEASE HELP. DO NOT SKIP THIS!
PLEASE DON'T DO FUNNY BUSINESS HERE.
You are now familiar with government and how it plays a role in our economy. Using what you learned in the lesson, describe two advantages and two disadvantages of governmental involvement. What changes would you make to improve government’s role?
You can say answers other than-
there are more restrictions
Answers
Answer:
There are many advantages of government intervention such as even income distribution, no social injustice, secured public goods and services, property rights and welfare opportunities for those who cannot afford. Whereas, according to some economists the government intervention may also result in few disadvantages.
I would try to remove corruption
Explanation:
Plz mark brainliest thanks
Answer:
(Disadvantages)
Government and political interference may lead to poor management.
-Operation in large scale may lead to diseconomies of scale arise.
(Advantages)
-Protecting the safety and health of the public and the environment.
-Offering consumers increased safety when choosing products.
Explanation:
Stop trying to legislate morality. Where we get tripped up is in the conversation about "beliefs". We have been stuck in fights that keep our country in a holding pattern. It is not only detrimental to our unity, it undermines our ability to concentrate on areas that need it.?
If the stock turnover rate for your industry is 3, how many months' worth of inventory should you keep in stock at all times? (a) 2. (b) 3, (c) 4,
(d) 9.
Answers
Answer:
2
Explanation:
On a pro-forma balance sheet, the accounts receivable balance comes directly from? the cash budget. the cash receipts budget. the sales journal. the general ledger.
Answers
On a pro-forma balance sheet, the accounts receivable balance comes directly from the sales journal. The sales journal records all credit sales made by a company, and the total of these credit sales represents the accounts receivable balance.
Explanation and Calculation: The sales journal is a subsidiary ledger that records all credit sales made by a company. It contains detailed information about each sale, including the customer's name, the date of the sale, the amount, and any applicable terms. When a sale is made on credit, meaning the customer will pay at a later date, it is recorded in the sales journal.
Accounts receivable represents the total amount owed to a company by its customers for credit sales. It is an asset on the balance sheet. The accounts receivable balance is derived by summing up all the individual credit sales recorded in the sales journal.
For example, let's assume a company made three credit sales during a period: Sale 1 for $1,000, Sale 2 for $500, and Sale 3 for $750. The total accounts receivable balance would be $1,000 + $500 + $750 = $2,250.
The accounts receivable balance on a pro-forma balance sheet is obtained directly from the sales journal. The sales journal records all credit sales made by a company, and the total of these credit sales represents the accounts receivable balance.
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A company manufactures computer screens that utilize less electricity. Which form of technology would this be classified as?
A.
grid computing
B.
screenless display
C.
autonomic computing
D.
cloud computing
E.
green computing
Answers
Answer:
Green computing
Explanation:
A company manufactures computer screens that utilize less electricity. green computing form of technology would this be classified as. The correct option is E.
What are the five goals of green technology?Green technology lowers costs while improving product design, reducing waste, reducing our carbon footprint, and improving business efficiency. It also generates new jobs. A company creates computer screens with less electricity consumption.
Green computing also referred to as green technology, is the practice of using computers and other computing machinery in an environmentally and energy-friendly manner. Energy-efficient servers, peripherals, power systems, and central processing units (CPUs) are frequently used in businesses that employ green computing techniques.
Thus, the ideal selection is option E.
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Nyah deposited $750 in a new bank account that earns 5.8% interest compounded continuously. If there are no other deposits or withdrawals, find the total amount in her account after 15 months.
Answers
The total amount in her account is $1,128.60.
What is the total money in the account?
The formula for calculating future value when there is continuous compounding is :
A x e^r x N
Where:
A= amount = $750 e = 2.718281 N = number of years = 1.42 years r = interest rate$750 x e^0.058 x 1.42 = $1,128.60
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Nearly all entrepreneurs operate home-based businesses.
Answers
Answer:
yes they do
Explanation:
Answer:
yes they do
Explanation:
Which of the following is not among the principal managerial tasks associated with managing the strategy execution process?a. Exerting the internal leadership needed to drive implementation forwardb. Engaging the services of staffing firms to maintain the company's personnel datac. Installing information and operating systems that enable company personnel to perform essential activitiesd. Tying rewards and incentives directly to the achievement of performance objectivese. Ensuring that policies and procedures facilitate rather than impede effective execution
Answers
Engaging the services of staffing firms to maintain personnel data is not directly related to the principal managerial tasks associated
with managing the strategy execution process. The other options, a, c, d, and e, are all important tasks in managing the strategy execution process The correct answer is b. Engaging the services of staffing firms to maintain the company's personnel data.
Exerting internal leadership, installing information and operating systems, tying rewards and incentives to performance objectives, and ensuring that policies and procedures facilitate effective execution are all critical managerial tasks that contribute to successful strategy execution.
However, engaging staffing firms to maintain personnel data falls more under the realm of human revenue management and is not specifically related to strategy execution.
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Under ________, the market consists of a few large sellers who are highly sensitive to each other's pricing and marketing strategies.
Answers
Answer:
oligopolistic competition
CAN YALL PROMISE ME U WILL BE NICE TO EVERYONE please and thx
Answers
Answer: yes
Explanation: because yes
One point on a market supply curve represents $4 and 100 units quantity supplied. if there are three suppliers, and at a price of $4 one of the suppliers supplies 23 units, then what combinations of price and quantity supplied might hold for the other two suppliers?
Answers
Explanation:
The other two suppliers may offer a different combination of price and quantity supplied depending on their individual cost structures. For example, one supplier may offer the same price of $4 but with a quantity supplied of 77 units, while another supplier may offer a price of $3.50 and a quantity supplied of 90 units.
The suppliers may also choose to offer a different price and quantity combination based on their individual decisions. For example, one supplier may offer a price of $4.50 and a quantity supplied of 80 units, while the other supplier may offer a price of $4 and a quantity supplied of 90 units.
The exact combination of price and quantity supplied will depend on the individual cost structures of each supplier and their individual decisions. It is also important to note that any combination of price and quantity supplied must remain on the market supply curve in order for the market to remain in equilibrium.
Thus, any combination of price and quantity supplied should have an aggregate quantity supplied of 100 units.
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which term refers to the depth of product brands or models offered within each generic product category?
Answers
The term that refers to the depth of product brands or models offered within each generic product category is known as product line depth. It is a marketing strategy of offering a variety of products under one product line to increase customer choices, target more markets, and maximize profits.
Product line depth is the measure of the variety of products in a product line. It denotes the number of products within a particular product line. Companies use this strategy to differentiate their products and compete with rivals in the same industry. Product line depth is essential in establishing a company's presence in the market and engaging with customers in different segments.
There are three main dimensions of a product line: Length of the product line, Depth of the product line, Width of the product line.
The length of the product line refers to the total number of products in a company's product line. The depth of the product line represents the number of variations offered for a specific product. Width of the product line represents the number of different product lines that a company offers. Each product line consists of a different set of products from a different category within a company.
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Superior Micro Products uses the weighted-average method in its process costing system. During January, the Delta Assembly Department completed its processing of 25,000 units and transferred them to the next department. The cost of beginning inventory and the costs added during January amounted to 599,780 in total. The ending inventory in January consisted of 3,000 units, which were 80% complete with respect to materials and 60% complete with respect to labor and overhead. The costs per equivalent unit for the month were as follows: Materials Labor Overhead Cost per equivalent unit .................... $12.50 $3.20 $6.40
(c) Prepare a cost reconciliation for January. (Note: You will not be able to break the cost to be accounted for into the cost of beginning inventory and costs added during the month.)
Answers
The total cost accounted for is 599780.
What is Cost reconciliation ?
Cost Conciliation is the process of checking records to ensure that the design's charges match ongoing exertion in the design.Generally, the records are checked using three- way matching which is a payment verification fashion to ensure that the contractor's costs are valid.Reconciliation of Cost and Financial Accounts is a process to find all the reasons behind disagreement in profit which is calculated as per cost accounts and as per fiscal accounts. There are lots of particulars which are shown in the profit and loss regard only when we make it as per fiscal account rules. Bank conciliation is important because it helps associations identify possible crimes in deals that lead to a difference between the account records and the bank statement.Here,
Total cost of beginning work in process and cost added = 599780
Cost accounted as = 0
Cost of units transferred out = 552500
Cost of ending work in process = 47280
So, Total cost accounted as = 599780
Thus, The total cost accounted for is 599780.
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at a price of $4.64 per pound, the supply for cherries is 16,227 pounds, and the demand is 10,338 pounds. when the price drops to $4.27 per pound, the supply decreases to 10,774 pounds and the demand increases to 12,695 pounds. assume that the price-supply and price-demand equations are linear. what is the equilibrium quantity? round to the nearest pound.
Answers
At the equilibrium price of $7.67 per pound, the equilibrium quantity is, 13,037 pounds.
Let's first find the equations for supply and demand:
Using the two price-quantity pairs given, we can find the slope and y-intercept of the supply and demand equations:
Slope of supply = (10,774 - 16,227) / (4.27 - 4.64) = -965.33
Supply equation: Qs = -965.33P + b
Using one of the price-quantity pairs: 16,227 = -965.33(4.64) + b
b = 21,363.53
Supply equation: Qs = -965.33P + 21,363.53
Slope of demand = (12,695 - 10,338) / (4.27 - 4.64) = 1,260.67
Demand equation: Qd = 1,260.67P + c
Using one of the price-quantity pairs: 10,338 = 1,260.67(4.64) + c
c = 4,307.67
Demand equation: Qd = 1,260.67P + 4,307.67
Setting Qs = Qd:
-965.33P + 21,363.53 = 1,260.67P + 4,307.67
2,226P = 17,055.86
P = 7.67
Therefore, at the equilibrium price of $7.67 per pound, the equilibrium quantity is,
Q = -965.33(767) + 21,363.53 = 13,037 pounds (rounded to the nearest pound).
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A railwya has an operating ratio of 78%. If uts operating revenue were for $ 4.6 B for 205what were its operating expenses
Answers
Answer:
Its operating expenses were $ 3.588 B
Explanation:
The operating ratio is the ratio of operating expense to the operating or revenue generated.
This ratio is used for comparison of results from the operations of various industries.
Given that the operating ratio of 78% and the operating revenue is $4.6B, the operating expense T may be computed as
78% = T/4.6 * 100%
T = 4.6 *.78
= $3.588 B
Question 2: As an investment advisor, you have been approached by a client called Shyam
for advice on some financial matters. Shyam is 35 years old and has Rs. 200,000 in bank. He
plans to work for 25 years and retire at the age of 60. His present salary is Rs. 400,000 per
year.
Shyam has decided to invest his bank balance and future savings in a balanced mutual fund
scheme which he believes will provide a return of 10 percent per year.
Shyam seeks your help in answering several questions given below. In answering these
questions, ignore the tax factor.
a) Once he retires at the age of 60, he would like to withdraw Rs. 600,000 per year for
his consumption needs for the following 20 years (his life expectancy is 80 years).
Each annual withdrawal will be made at the end of the year and rate of interest will
be 10 percent How much should he require at retirement to meet his retirement
need?
(7 marks)
b) How much should Shyam save each year for the next 25 years to be able to withdraw
Rs. 600,000 per year from the beginning of the 26th year for a period of 20 years?
Assume that the savings will occur at the end of each year. Remember that he
already has some bank balance. Give the answer to the nearest ‘000. (6
marks)
c) Suppose Shyam wants to donate Rs. 500,000 per year in the last 5 years of his life to
a charitable cause. Each donation would be made at the beginning of the year.
Further, he wants to bequeath Rs. 4,000,000 to his son at the end of his life. How
much should he have in his investment account when he reaches the age of 60 to
meet this need for donating and bequeathing? Approximate it to the nearest ‘000.
(7 marks)
d) Shyam wants to find out the present value of his lifetime salary income. Assume that
his current salary of Rs. 400,000 will be paid annually. What is the present value of
his life time salary income, if the discount rate applicable to the same is 9 percent?
(5 marks)
Answers
a) Shyam would require approximately Rs. 7,193,000 at retirement.
b) Shyam should save approximately Rs. 108,000 per year.
c) Shyam should have approximately Rs. 4,730,000 in his investment account at the age of 60.
d) The present value of Shyam's lifetime salary income is approximately Rs. 2,812,000.
a) Shyam would require approximately Rs. 6,931,982 at retirement to meet his consumption needs of Rs. 600,000 per year for 20 years, with an interest rate of 10%. This can be calculated using the present value of an annuity formula.
b) Shyam should save approximately Rs. 31,546 per year for the next 25 years to be able to withdraw Rs. 600,000 per year from the beginning of the 26th year for a period of 20 years. This can be calculated using the present value of an annuity formula.
c) Shyam should have approximately Rs. 5,446,499 in his investment account when he reaches the age of 60 to meet his needs for donating and bequeathing Rs. 500,000 per year for the last 5 years and Rs. 4,000,000 at the end of his life. This can be calculated by determining the present value of the annuity for the donations and the present value of the future lump sum for the bequeathment.
d) The present value of Shyam's lifetime salary income, with an annual salary of Rs. 400,000 and a discount rate of 9%, is approximately Rs. 4,398,433. This can be calculated using the present value of a single sum formula. It represents the current value of all the future salary payments discounted at the given rate.
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Sakda said to his employee, Kurt, "You should work harder so the employees who have been here a long time will like you." This statement likely fostered nondefensive communication from Kurt.
True or False
Answers
It is false that Sakda said to his employee, Kurt, "You should work harder so the employees who have been here a long time will like you." This statement likely fostered nondefensive communication from Kurt.
We are victimisatig non-defensive communication after we raise queries, build statements and predict consequences in an open, sincere manner while not making an attempt to manage however others respond. we are able to gather correct data, speak with clarity, defend ourselves, and hold others additional responsible.
An employee is somebody who gets paid to figure for an individual or company. employees do not ought to work full time to be thought-about employees—they merely ought to be paid to figure by an employer (the person or business that pays them).
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A contractor puts in a claim under a comprehensive standard general liability policy. The policy has no additional coverage, riders, or floaters, and has a $500 deductible per occurrence. The claim is for a job-site accident that caused $2,000 of injuries to employees, $1,800 of injuries to a pedestrian, $2,300 damage to the contractor's equipment, and $1,750 loss of project materials purchased by the contractor. The insurance company is liable for
Answers
Answer: $1,300
Explanation:
A comprehensive standard general liability policy is used when there are operations being conducted by a contractor or tenant. The basic policy covers property damage to other parties as well as bodily harm. Seeing as there are no additional coverages, the basic plan is in effect.
The only thing that can be covered here by the insurance company therefore is the $1,800 damage to the pedestrian because the rest relate to the contractor so are not covered,
As there is a $500 deductible, the amount the insurance company is liable for is:
= 1,800 - 500
= $1,300
Dakota earns $8.70 an hour for 37
Per month
hour week. How much is earned per week?
Answers
Answer:
$321.90
Explanation:
ABM Services paid a $4.15 annual dividend on a day it closed at a price of $54 per share. What
was the yield?
Answers
Answer:
Explanation:
94:15
Yong teaches students with learning disabilities and physical disabilities.
Barb teaches computer programming to high school students.
Maya works in a private school teaching math to seventh-grade students.
Destiny works in a college teaching English to adult students.
Tanner helps an elementary school teacher and works under the guidance of that teacher.
ANSWERS: 1.Special Education 2. Career and technical education 3. Middle school 4. Post secondary teacher 5.teacher assistant
Answers
Answer: Special education teacher
Career and technical education teacher
Middle school teacher
Post secondary teacher
Teacher assistant
Explanation:
Answer:
1.Special education teacher
2.Career and technical education teacher
2.Middle school teacher
3.Post secondary teacher
4.Teacher assistant
Explanation:
you should try to get the lowest interest rate possible in which situation
(A) you are lending money to a bank
(B) you are borrowing money from another person
(C) you are lending money to another person
(D) you are putting money in a savings account
Answers
Answer:
B. you are borrowing money from another person
Explanation:
rest is you giving money to others which if you could youd want higher interest rates for
Answer:
You are borrowing money from another person.
Explanation:
Which type of business organisation is the most suitable for a large electronics
manufacturer?
A. partnership
B. private limited company
C. public limited company
D. sole trader
Answers
Answer:
C. public limited company
Explanation:
A public limited company is a business ownership structure that provides a legal distinction between the business and its owners. The company is a legal person with the right to do business, acquire assets or incur liabilities. Unlike a private limited company, public limited company shares trade with ease at the stock exchange.
Due to their listing in the stock exchange, public limited companies can raise capital with much ease. The corporation only needs to comply with the regulation of the stock market to raise more finances. Public limited compies are suited for large organizations that require huge capital to finance their operations and expansions.
100 percent of your income after you re tire will probably come from social security
and the companies that employed you.
Is it true or false?
Answers
Answer:
average, retirement beneficiaries receive 40% of their pre-retirement income from Social Security. As you make your retirement plan, knowing the approximate amount you will receive in Social Security benefits can help you determine how much other retirement income you'll need to reach your goals.
Explanation:
please mark me as brainlist itt is true