Perficient Ltd has accumulated the following data for the most recent 6-month period. Month Machine hours Maintenance services cost January 43,000 $56,000 February 18,000 $30,000 March 21,000 $40,000

Answers

Answer 1

Since both calculations give a negative fixed cost, it indicates that there is an error or an omission of data in the given data set. So, we cannot use the high-low method to calculate the maintenance service cost in this case.

Perficient Ltd has accumulated the following data for the most recent 6-month period.

Month Machine hours Maintenance services cost January 43,000$ 56,000 February 18,000$ 30,000 March 21,000 $ 40,000

To calculate the maintenance service cost using the high-low method, we need to identify the variable cost per machine hour first and then the fixed cost.

To find out the variable cost per machine hour:

Variable cost per machine hour = Change in cost / Change in machine hours

Variable cost per machine hour

= ($30,000 - $56,000) / (18,000 - 43,000)

= $26.67

So, variable cost per machine hour is $26.67.

Now, let's calculate the fixed cost using either January or February data points.

Using January data: Fixed cost = Total maintenance cost - (Variable cost per machine hour x Machine hours)

Fixed cost = $56,000 - ($26.67 x 43,000)

= $-28,321.

Using February data: Fixed cost = Total maintenance cost - (Variable cost per machine hour x Machine hours)

Fixed cost = $30,000 - ($26.67 x 18,000)

= $-8,040.

Since both calculations give a negative fixed cost, it indicates that there is an error or an omission of data in the given data set. So, we cannot use the high-low method to calculate the maintenance service cost in this case.

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Related Questions

Emergency funds are calculated based on: A.) Retirement Planning B.) Monthly Expenses C.) Monthly Income D.) Investing for College

Answers

Answer:

B

Explanation:

Answer:

B

Explanation:

What is promotional Mix? And how does it benefit the customers?:​

Answers

Answer:

In marketing, the promotional mix describes a blend of promotional variables chosen by marketers to help a firm reach its goals. and it Improves communication with clients.

Explanation:

hope this helps

Answer:

The promotion mix is the blend of different methods and tools of communication you use in presenting your company, products or services to target customers. Effective promotion is a key component of the marketing mix, as it is the element that helps you attract customers, persuade them to buy, and generate loyalty.

A promotion mix is a key method for delivering a relevant promotion message via the most suitable channel for each segment. Improves communication with clients. Companies develop a promotion mix trying to speak their consumers' language. If prepared correctly, it helps build trust between the brand and its customers.

Explanation:

hope this helps i did my research

You have just deposited $6,000 into an account that promises to pay you an annual interest rate of 5.5 percent each year for the next 6 years. You will leave the money invested in the account and 10 years from today, you need to have $12,800 in the account. What annual interest rate must you earn over the last 4 years to accomplish this goal?Multiple Choicea) 10.64%b) 10.48%c) 9.22%d) 12.97%e) 11.53%

Answers

The required annual interest rate for the last 4 years to accomplish your goal is 10.48% (Option b).

To find the annual interest rate needed for the last 4 years to reach your goal of $12,800, we'll first determine the future value of your initial deposit after 6 years at the 5.5% interest rate, and then calculate the required interest rate for the remaining 4 years. Here are the steps:

An annual interest rate is the percentage of the principal amount of a loan or investment that a lender or investor charges as interest each year. It represents the cost of borrowing money or the return on an investment, expressed as a percentage of the amount borrowed or invested.

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What is descriptive of a market economy?

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Answer: A market economy is an economic system in which individuals, rather than the state, own most of the resources. This includes land, labor, and capital. In a market economy, individuals control the use and price of these resources through voluntary decisions made in the marketplace. Key Takeaways

Explanation:

According to the cartoon, what actions of Standard Oil earned it the label "The Monopoly Monster"?

Answers

The action that made Standard Oil earned the label monopoly monster is that they control and owned about 90 percent of US oil.

What is Monopoly?

Monopoly can be defined as a situation whereby a manufacturers owns and control virtually 100% market shares.

In summary, monopoly does not allow for healthy market competition.

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in perfect competition as well as in monopolistic competition,a.entry and exit by firms are restricted.b.profit is positive in a long-run equilibrium for each firm.c.marginal revenue is equal to price for each firm.d.there are many firms in a single market.

Answers

In perfect competition, option (c) and (d) are correct, while in monopolistic competition, only option (d) is correct.

In perfect competition, firms are price takers and face a horizontal demand curve, meaning that they cannot influence the market price of the product they sell. Therefore, the marginal revenue for each firm is equal to the price. Additionally, there are many firms in a single market, and there are no barriers to entry or exit. In the long run, profits are driven to zero, and each firm earns zero economic profit.

In monopolistic competition, firms have some control over the price of their products, as they offer differentiated products that are not perfect substitutes for each other. Therefore, option (c) is not correct. However, there are many firms in a single market, and there are no significant barriers to entry or exit. In the long run, each firm earns zero economic profit, as in perfect competition.

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______ Is a market in which a large number of suppliers compete with each other to satisfy the needs and wants of a large numbers of consumers at a competitive price.???

Answers

Answer : Monopolistic competition

Answer:

Monopolistic Competition

Explanation:

In a monopolistic competitive market, there are large numbers of sellers who do not sell identical products instead they sell differential products. They compete with each other at a competitive price. The products could be differentiated in many ways including quality, style, location and even brand name. Since they compete at a competitive price, if there is a substantial rise in the price of any of the products, the buyers could quickly shift from one product to another. The most crucial factor behind product differentiation is because of geographical factors. Under a monopolistic competitive market, the sellers do not have any influence over customer loyalty and limited control over the price.

When Parker started his business, he knew he had to keep costs to a minimum and he worried about taxes. He planned to build and distribute safety goggles for construction workers and military personnel. He realized most of his business would not be through walk-in customers but rather large orders from companies. He chose to locate in a government-subsidized area called a(n) ________________, where he would receive tax breaks. Multiple Choice intrapreneurial territory affective designation immigration zone enterprise zone

Answers

Answer:

Enterprise Zones. Specific geographic areas to which governments try to attract private business investment by offering lower taxes and other government support. Government Incubators

Explanation:

Float is defined as the:Multiple Choiceamount of cash a company can immediately withdraw from its bank account.difference between book cash and bank cash.change in the cash balance from one accounting period to the next.

Answers

The answe is A because they give the answer in the text




In
, people invest money in a company in exchange for the company’s
.


Answers

Answer:

In equity crowdfunding, people invest money in a company in exchange for the company’s shares

Explanation:

Equity crowdfunding is the process in which people invest in start up companies and early stage companies that have not been listed on a stock market in exchange for shares in that company. As a result of the investment, the person becomes a shareholder and makes profit when the company do well but if the company fails, shareholders make losses.

Startups and early-stage companies use this method to raise capital.

equity theory states that employees perceive what they can get from a job situation in relation to what they put into it and then compare their .

Answers

Equity theory, developed by psychologist J. Stacy Adams in 1965, is a motivational theory that explains how employees determine what is fair in the workplace. Equity theory suggests that employees assess their job situation by comparing the ratio of their input to their outcome.

Inputs include time, effort, skills, and education, while outcomes include salary, benefits, recognition, and opportunities. If an employee believes the ratio of inputs to outcomes is equal to the ratio of those of their peers, they will feel a sense of equity.

If they feel they have more input than outcome, they will experience a sense of inequity. The theory suggests that employees may attempt to restore equity by reducing their inputs, increasing their outcomes, or by comparing themselves to others to reduce feelings of inequity.

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These are some of my ideas, Hope u like

These are some of my ideas, Hope u like

Answers

that’s pretty nice!!

Answer:

yo i love it

Explanation:

when there is an alarm in a continuous audit, but it is associated with a normal event, we would call that a:

Answers

There is an alarm in a continuous audit, but it is associated with a normal event, we would call that a False positive.

Substantive testing is referred to as the segment of an audit in which the auditor gathers samples to become aware of any cloth misstatements withinside the client's accounting facts or different information. This evidence is needed to guide the judgment that a company's economic facts are complete, relevant, and accurate.

One of the maximum outstanding flat report examples is a comma-separated values (CSV) report. A CSV report is one wherein desk information is accrued in strains of American Standard Code for Information Interchange (ASCII) textual content with the fee from every desk Mobil Eular separated via way of means of a comma and every row represented via way of means of a brand new line.

Completeness. This assertion attests to the reality that the economic statements are thorough and consist of each object that ought to be protected withinside the assertion for a given accounting period.

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d'anconia copper is an all-equity firm with 60 million shares outstanding, which are currently trading at $20 per share. last month, d'anconia announced that it will change its capital structure by issuing $300 million in debt. the $200 million raised by this issue, plus another $200 million in cash that d'anconia already has, will be used to repurchase existing shares of stock. assume that capital markets are perfect. the market capitalization of d'anconia copper after this transaction takes place is closest to: group of answer choices $800 million. $900 million. $1100 million. $1200 million.

Answers

market capitalization of D'Anconia Copper after the capital structure change is $1.1 billion, which is lower than its previous market capitalization of $1.2 billion due to the stock repurchase.

To determine the remaining outstanding shares, we need to subtract the shares repurchased from the original 60 million shares:
Remaining Outstanding Shares = 60 million shares - (Cash Used for Repurchase / Market Price per Share)
Cash Used for Repurchase = $200 million + $200 million = $400 million
Market Price per Share = $20 per share
Remaining Outstanding Shares = 60 million - ($400 million / $20 per share) = 40 million shares
Now we can calculate the new market price per share. This will be higher than $20 per share because the company is taking on debt, which increases the total value of the company.
The new market price per share can be calculated as follows:
New Market Price per Share = (Total Value of the Company) / (Remaining Outstanding Shares)
Total Value of the Company = (Value of Equity) + (Value of Debt)
We know the value of equity is:Value of Equity = 40 million shares x (New Market Price per Share)
To determine the value of debt, we need to subtract the cash used for repurchase from the total amount of debt issued:
Value of Debt = ($300 million - $400 million) = -$100 million
Note that the value of debt is negative because the company has more cash than debt after the capital structure change.
Now we can plug in the values to calculate the new market price per share:
New Market Price per Share = (($1.2 billion + (-$100 million)) / (40 million shares)) = $28 per share
Finally, we can calculate the new market capitalization:
New Market Capitalization = (Remaining Outstanding Shares) x (New Market Price per Share)
New Market Capitalization = 40 million shares x $28 per share = $1.12 billion
Therefore, the closest answer choice to the new market capitalization is $1.1 billion or $1100 million.

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a product is found in homes built before 1978 the population of households and composition, price of real estate in the area, availability of mortgage credit, consumer tastes, and income of consumers are all indicators of:

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Indicators of demand include the number of households, the makeup of those households, the cost of real estate in the area, the accessibility of mortgage finance, consumer preferences, and consumer income.

What are the main variables affecting the housing market's supply and demand?

Several factors that affect demand include mortgage rates, population growth, actual income levels, and the need for additional space. In London, for instance, house prices increased during COVID-19 while apartment prices declined, indicating a growth in demand for outdoor space for gardening and other domestic activities.

Which of the following scenarios most accurately predicts what will occur if the housing market strengthens?

In order to stabilize the real estate market, higher mortgage interest rates will be necessary if the market's demand for homes increases and more people apply for mortgages to purchase homes.

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A person has income $1000 for goods F and S. The price of F is $4, and the price of S is $200. Which of the following bundles is in the opportunity/budget set (i.e., attainable)?
Select one:
a.
150 units of food, 3 units of shelter
b.
100 units of food, 10 units of shelter
c.
200 units of food, 2 units of shelter
d.
200 units of food, 1 unit of shelter
e.
250 units of F and 1 unit of shelter

Answers

The bundle that is attainable is option e. 250 units of F and 1 unit of shelter.

Option e is the only bundle that falls within the person's budget constraint. The person has an income of $1000, and the price of F is $4. Therefore, the person can afford a maximum of $1000/$4 = 250 units of F. Additionally, the person can afford 1 unit of shelter since its price is $200, which is within their budget.

Option a is not attainable because the person cannot afford 150 units of food and 3 units of shelter within their budget. Option b is also not attainable because the person cannot afford 100 units of food and 10 units of shelter. Option c exceeds the person's budget since they cannot afford 200 units of food and 2 units of shelter. Option d also exceeds the budget as the person cannot afford 200 units of food and 1 unit of shelter.

Therefore, the only option that falls within the person's budget constraint and is attainable is e. They can purchase 250 units of F and 1 unit of shelter.

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According to _____, location-specific advantages are of considerable importance in explaining both the rationale for and the direction of foreign direct investment.
Multiple Choice
a. the infant industry argument
b. market imperfections theory
c. internalization theory
d. the eclectic paradigm
e. Knickerbocker's theory

Answers

The correct option d. the eclectic paradigm. According to the "eclectic paradigm," location-specific benefits play a significant role in describing the motivation behind and course of foreign direct investment.

Explain about the foreign direct investment?

The goal of obtaining a long-term interest in a company located in another economy by an investor from one economy is reflected in the type of international investments known as foreign direct investment (FDI).

For instance, a US business may buy stock in a foreign firm that provides it with all the raw resources it requires. A corporation invests together in foreign company that is irrelevant to its main business in a conglomerate FDI.

Economic theory, also referred to as the OLI model as well as OLI framework, is the eclectic paradigm. It gets over the drawbacks of fragmentary theories of global production and offers a comprehensive framework in which alternative and related theories of global production can coexist.

Thus, according to the "eclectic paradigm," location-specific benefits play a significant role in describing the motivation behind and course of foreign direct investment.

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purchasing and supply chain management (the mcgraw-hill/irwin series in operations and decision) 3rd edition pdf

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"Purchasing and Supply Chain Management" is a textbook within the McGraw-Hill/Irwin series in operations and decision making. It serves as a comprehensive resource for understanding the principles and practices of purchasing and supply chain management.

Covering topics such as procurement, supplier selection, negotiation, logistics, inventory management, and strategic decision-making, the book offers valuable insights into effectively managing the flow of goods and services within a supply chain.

With its practical approach and real-world examples, the book equips students and professionals with the knowledge and tools necessary to optimize purchasing decisions, enhance supplier relationships, and streamline overall supply chain operations.

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This question is not complete, Here I am attaching the complete question:

Explain this article "purchasing and supply chain management (the mcgraw-hill/irwin series in operations and decision) 3rd edition pdf."

This is how you ask a question cuz uk some peeps dont know :)

This is how you ask a question cuz uk some peeps dont know :)

Answers

Answer:

Ok

Explanation:

Nice to know.

Answer:

now that's how you ask a question kids

kenneth's arrows and bows borrows $7,000 for one year at an 12% annual interest rate. what is the effective rate of interest if the loan is discounted?

Answers

The effective rate of interest if the loan is to be discounted is 13. 64%

How to find the effective interest rate?

The effective interest rate on the loan by Kenneth's arrows and Bows can be found by the formula:

= Interest paid on loan - Principal to be returned

Interest paid on loan is :

= 7, 000 x 12 %

= $ 840

Principal to be returned :

= 7, 000 - 840

= $ 6, 160

The effective interest rate is:

= 840 / ( 7, 000 - 840 )

=  13. 64%

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What are the different levels of a product? Explain with a suitable
example
Explain the decisions taken for an individual product.
Discuss the characteristics of a service that different"

Answers

Different levels of a product are discussed below: Core benefit level: This is the fundamental level of a product. It involves identifying the core benefit that consumers seek.

Example: The core benefit of purchasing a car is mobility. Basic product level: This involves creating a product to deliver the core benefits.

Augmented product level: This level involves further adding to the expected product by offering additional features and benefits.

Branding: A company must decide on the branding for its product, including its name, packaging, and logo. Packaging and labeling: It is essential to design packaging and labeling that effectively communicates the product’s features, quality, and value to the target audience.

Pricing: Pricing decisions must be made based on an understanding of the product’s value and the target audience’s willingness to pay.

Distribution: The product must be made available to the target audience through appropriate channels of distribution. Promotion:

Characteristics of a service that differentiate it from a product are explained below: Intangibility: Services are intangible as they cannot be seen, touched, or felt. They are activities performed by people that result in benefits to the service buyer. Inseparability: Services are inseparable, which means they cannot be separated from their service providers. Service providers play an essential role in delivering the service.

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super-tee has a contribution margin of 25%. how many t-shirts (rounded to the nearest shirt) must be sold in order for the company to break even?

Answers

176  t-shirts (rounded to the nearest shirt) must be sold in order for the company to break even. The revenue less variable costs equals contribution margin.

The formula for calculating the contribution margin ratio is (Revenue - Variable Costs) / Revenue. The contribution margin displays the total amount of the  revenue available after variable costs to pay for fixed expenditures and turn a profit for the business, according to Knight. This could be viewed as the portion of sales that helps to cover fixed expenses. The company will experience a loss if the contribution margin is too low or negative.

(The given que is incomplete I answered this que in general according to my knoweledge.)

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why do competitive markets work better for life insurance than for income insurance?

Answers

Answer:Because insurance market is competitive, when companies become profitable, they start adopting a more lenient underwriting criteria and lower their premiums to grab more market share.

Explanation:

Other insurance companies react by adopting the same policies, to prevent their shares taken away or to increase their market share.

After each department chair has turned in their proposed budget, the CFO reviews the budgets and determines if there are any changes that need to be made.

Answers

Answer: Decisional

Explanation:

Managers as leaders in the company are expected to make decisions that will keep the company going and able to meet its objectives.

According to renowned management researcher Mintzberg, there are 4 decision roles that a manager must take which are;

entrepreneurdisturbance handlerresource allocator and,negotiator

The CFO having to review the budget to determine if changes would be made would fall under the resource allocator decision making role of a manager.

What are the benefits of using the learning organization approach to design? Now consider that, to learn, organizations must be willing to tolerate many mistakes because it is only through the effort of understanding mistakes that learning can occur. With this statement in mind, what are some of the potential problems with the use of the learning organization approach?

Answers

Answer:

Explanation:

Benefits of using the learning organization approach to design:

Encourages continuous learning and development

Increases flexibility and adaptability to changes

Promotes innovation and creativity

Fosters a sense of collaboration and teamwork

Improves problem-solving skills and decision-making abilities

Enhances employee engagement and motivation

Leads to improved performance and productivity

However, there are also potential problems that can arise with the use of the learning organization approach. These include:

Resistance to change: Some employees may be resistant to the changes required to implement a learning organization approach, which can lead to frustration and resistance.

Risk of failure: The approach requires a willingness to tolerate mistakes and experimentation, which can result in potential failures and mistakes that could be costly to the organization.

Time-consuming: Building a learning organization requires significant investment in time and resources, including training and development programs and regular feedback mechanisms, which can be expensive and time-consuming.

Lack of leadership support: To be successful, the approach requires strong leadership support and commitment, and without this, it may not be effective.

Limited applicability: The approach may not be suitable for all types of organizations or industries, and therefore its applicability may be limited.

The following table shows the approximate value of exports and imports for the United States from 1983 through 1987. Complete the table by calculating the surplus or deficit both in absolute (dollar) terms and as a percentage of GDP. If necessary, round your answers to the nearest hundredth. GDP Exports (Billions of dollars) Exports (Billions of dollars) Imports (Billions of dollars) 328.6 Imports (Percentage of GDP) Year (Billions of dollars) 1983 3,535.0 277.0 1984 3,931.0 302.4 405.1 1985 4,218.0 302.0 417.2 1986 4,460.0 320.3 452.9 1987 4,736.0 363.8 508.7 Source: "Income, Expenditures, Poverty, & Wealth: Gross Domestic Product (GDP)," United States Census Bureau, United States Department of Commerce, last modified September 2011, accessed June 10, 2013, https://www.census.gov/library/publications/2011/compendia/statab/131ed/income-expenditures-poverty-wealth.html. Activate Source: "Income, Expenditures, Po surplus alth: Gross Domestic Product (GDP)," United States Census Bureau, United States Department of Commerce, last modified s://www.census.gov/library/publications/2011/compendia/statab/131ed/income-expenditures-poverty-wealth.html. September 2011, accessed June 10 deficit Between 1984 and 1985, the in dollar terms and as a percentage of GDP. 1987 4,736.0 3628 508.7 grew Source: "Income, Expenditures, Poverty, & Wealth: shrank PP)," United States Census Bureau, United States Department of Commerce, last modified ications/2011/compendia/statab/131ed/income-expenditures-poverty-wealth.html. September 2011, accessed June 10, 2013, https:// remained the same Between 1984 and 1985, the in dollar terms and as a percentage of GDP.

Answers

Between 1984 and 1985, the deficit grew in dollar terms and grew as a percentage of GDP.

Note: We can calculate the Exports - Imports by subtracting the values.

For example in the year 1983, Exports = $ 277 bn and Imports = $ 328.6 bn

In 1983, Exports - Imports = 277 - 328.6 = - $ 51.6 bn

Similarly, we can determine the remaining values.

When we are calculating the Exports -Imports in GDP percentage then we can use the following formula

In 1983, GDP = $ 3,535.0 bn

% of GDP = Exports – Imports x 100 GDP

In 1983, the value can be calculated as follows

-51.6 -% of GDP1983 = x 100 -1.46% 3,535.0

Similarly, we can calculate the values for the remaining blanks using the corresponding year values.

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To calculate the surplus or deficit, we need to find the difference between exports and imports for each year. We can then express this difference both in absolute (dollar) terms and as a percentage of GDP.

1983: Surplus/Deficit = Exports - Imports = 277.0 - 277.0 = 0.0

Surplus/Deficit (% of GDP) = (Surplus/Deficit / GDP) × 100 = (0.0 / 3,535.0) × 100 = 0.00%

1984: Surplus/Deficit = Exports - Imports = 302.4 - 405.1 = -102.7

Surplus/Deficit (% of GDP) = (-102.7 / 3,931.0) × 100 = -2.61%

1985: Surplus/Deficit= Exports - Imports = 302.0 - 417.2 = -115.2

Surplus/Deficit (% of GDP) = (-115.2 / 4,218.0) × 100 = -2.73%

1986: Surplus/Deficit = Exports - Imports = 320.3 - 452.9 = -132.6

Surplus/Deficit (% of GDP) = (-132.6 / 4,460.0) × 100 = -2.98%

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MY STORE bought sweaters at a wholesale price of $12 and sold them for $34.99. Ron says the markup is $46.99 but you say he is wrong. Show Ron how to find the markup amount.

Retail price= (wholesale price x markup %) + wholesale
Markup %= (retail - wholesale) x 100/wholesale
Discount= (OG price x discount %)
Sale price= OG price - discount
Discount %= (OG price - sale price) x 100/OG price

Answers

Answer:

Markup %= (retail - wholesale) x 100/wholesale

Explanation:

Mark up is the difference between the selling price and the buying price. It represents profits that a business makes or desires to make from the sale of an item.

Mark-up is expressed as a percentage of the buying price. For my store, profits will be calculated by getting the difference between the wholesale price( buying price) and the selling price( retail price).

Mark will be = retail price- wholesale price    x 100

                                wholesale price.

Managerial accountants:

a. create the company’s financial statements that are submitted to government agencies such as the Internal Revenue Service.

b. negotiate contracts with suppliers

c. create financial reports and provide other types of accounting information to investors.

d. provide managers within the organization with reports to make good business decisions.

Answers

Managerial accountants provide managers within the organization with reports to make good business decisions.

Who are Managerial accountants?

They are account managers, they help a company to manage the financial account and hep to make decisions based on the trend on the account.

They also hep perform various task that is associated with the account.

Therefore, Managerial accountants provide managers within the organization with reports to make good business decisions.

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The purchase of new car is included in: investment expenditure consumption expenditure on services consumption expenditure on nondurable goods consumption expenditures on durable goods

Answers

Answer:

Consumption expenditure on durable goods

Explanation:

Consumption expenditure includes expenditure on goods which are used for final consumption by households. This can be further classified into,

i) Expenditure on durable goods that is goods that can be used over a longer life span such as cars, furniture, refrigerator, etc

ii) Expenditure on non-durable goods that are goods that have a short-life span and thus must be stored for a longer time such as food, clothing, etc

iii) Expenditure on services  such as banking, insurance, traveling, etc

Thus, purchase of a new car is included in consumption expenditure on durable goods.  

Consider a second hand car market where three types of cars are being sold: High quality (H), medium quality (M) and low quality (L). Sellers value an H at $2000, an M at $1200 and an L at $800, whereas buyers value an H at $1800, an M at $1600 and an L at $1400. As discussed in the "Akerloff's Lemons Market", sellers are able to distinguish between different quality cars but buyers are not and a buyer believes that in this market 40% of the cars is an H, 30% of the cars is an M and 30% of the cars is an L. a) Determine which type of cars will be sold at the efficient allocation. b) Determine which type of cars will be sold at the market equilibrium.

Answers

Answer:

a) Determine which type of cars will be sold at the efficient allocation.

All cars would be sold in a Pareto efficient allocation.

In a Pareto efficient market, resources are all allocated in teh most efficient possible way. This is the reason why this is just a theoretical concept that does not necessarily apply in real life.

b) Determine which type of cars will be sold at the market equilibrium.

Since consumers are only willing to pay up to $1,620 for a used car, only medium quality and low quality cars will be sold. The price of high quality used cars is higher than the equilibrium price.

Explanation:

the most a buyer would be willing to pay for a used car is ($1,800 x 40%) + ($1,600 x 30%) + ($1,400 x 30%) = $720 + $480 + $420 = $1,620

Other Questions
please answer all if you can! Many architects are innovators. Select the examples of innovation presented in this chapter.A. ArchesB. Flying buttressesC. Horizontal ribbon windowsD. Flat pack modulesE. Solar panels with DC microgridsF. A, B, and C onlyG. A, B, and D only Henry is doing a research project about the color of apples. He isn't sure if he needs to cite his information. What should Henry do? (5 points)He does not need to cite the information because it is a public resource.He does not need to cite the information because it is common knowledge.He needs to cite the information because it is protected by copyright.He needs to cite the information because it is copyright infringement. Help Right answers Please Which context clues helped you figure out the meaning of the word advertise in line 4? Write your own definition of advertise and explain how you figured out the meaning of the word. in Im Nobody! Who are you?Im Nobody! Who are you?Are you -Nobody -too?Then theres a pair of us!Dont tell! Theyd advertise -you know!How dreary -to be - Somebody!How public -like a Frog-To tell ones name -the livelong June -To an admiring Bog! Which of the following lines contains figurative language? A.this one is stuck like glue. B. Officer bronkowski, curious, follows the peacock. C.glimpses a peacock feather. D. Little suzies got her first tooth. A mass of 3 kg is attached with a spring constant of 12. I released the mass from a point of 0.1 m above equilibrium with a downward velocity of 0.3 m/s. The spring is immersed in a liquid that imparts a damping force that is 6 times the instantaneous velocity. Set up the ODE that models this situation, and solve it to find the equation of motion. Read the excerpt from Act 2 of The Monsters Are Due on Maple Street. As they shout, accuse, scream, interspersing with cuts of TILT SHOTS OF HOUSES as the lights go on and off and then slowly in the middle of this nightmarish morass of sight and sound the CAMERA STARTS TO PULL AWAY until once again we've reached the opening shot looking at the Maple Street sign from high above. THE CAMERA CONTINUES TO MOVE AWAY. . . . If changed, which detail would change this from science fiction to fantasy fiction? lights going on and off in the houses as a result of electrical outages lights going on and off in the houses as a result of supernatural events people screaming and panicking because they glimpse a space shuttle people screaming and panicking because aliens begin attacking them Use the data and create a formula for the function that approximates the ground roll for a fully loaded cessna 172 at an elevation of:_____ Which of the following developmentshelped increase the Chinese populationunder the Tang and Song dynasties?A. gunpowderB. roads and canalsC. moveable type Solve the inequality: 2 < 10 + tA. t > 8B. t < 8C. t > -8D. t > 12E. t > -12 HELP HELP HELP POINTS GIVEN POINTS GIVEN help meeeeeeeeeeeeeeeeeee pleaseeee rn rnnnnnnnnnn!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!help meeeeeeeeeeeeeeeeeee pleaseeee rn rnnnnnnnnnn!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! what is the range of the function graphed below 5'2 + 11 - 22'1Please help me Solve three questions. You are trying to gain possession of the soccer ball. What position are you playing?a. both offense and defense b. neither offense or defense c. offense d. defense As you read lines 5074, underline the phrases that Clinton repeats. Coal, a fossil fuel made from the remains of swamp plants, has been found in Antarctica. Which of the following is the most reasonable explanation for how this is possible when 98% of Antarctica is nowcovered in ice?The coal was transported by animals that ate the swamp plants.The climate of Antarctica has become milder due to its closeness to the ocean.The climate of Antarctica was probably much warmer in the past than it is today.The coal was transported through large convection currents and uplift in the mantle. Similar to spoken english, asl communication relies heavily on a facial expressions and physical gestures b gestural punctuation and implied grammar c initial training in speaking and listening d qualified translators and careful notetaking I got bullied guys *drop mic 100000000000x times till faints*