Suppose demand and supply are given by Q=50-P and Q=1.0P-10. a. What are the equilibrium quantity and price in this market? Equilibrium quantity: ................
Equilibrium price: $ ................
Determine the quantity demanded, the quantity supplied, and the magnitude of the surplus if a price floor of $45 is imposed in this market. Quantity demanded: .......................
Quantity supplied: ...................
Surplus: __________________

Answers

Answer 1

The equilibrium quantity is 25 units, and the equilibrium price is $25. To find the equilibrium quantity and price, we set the quantity demanded equal to the quantity supplied:

Quantity demanded (Qd) = Quantity supplied (Qs) From the given demand equation Q = 50 - P, we substitute Qd for Q and solve for P: 50 - P = QsNext, we substitute the supply equation Q = 1.0P - 10 into the equation above to solve for P: 50 - P = 1.0P - 10 60 = 2P P = 30 Now that we have the equilibrium price, we substitute it back into either the demand or supply equation to find the equilibrium quantity: Q = 50 - P Q = 50 - 30 Q = 20 Therefore, the equilibrium quantity is 20 units, and the equilibrium price is $30. If a price floor of $45 is imposed in this market, it means the price cannot fall below $45. To determine the effects of the price floor, we compare it to the equilibrium price. Since the price floor ($45) is above the equilibrium price ($30), it creates a situation where the quantity supplied exceeds the quantity demanded.

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Related Questions

Suppose you have $30 to spend on tacos each week. When the price of tacos increases from $2.00 to $3.00, the purchasing power falls from 15 tacos per week to 10 tacos per week. This decrease in the quantity of tacos demanded illustrates the ___________ effect.

Answers

This decrease in the quantity of tacos demanded illustrates the income effect.

What is the income effect?

The income effect looks at how a change in price affects real disposable income. When the price of tacos increase, real disposable income decreases. As a result, consumers can afford to buy less tacos since the consumer's purchasing power has decreased, holding money income constant.

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The data on price and quantity purchased relating to a commodity for 10 months are given
below:Calculate coefficient of correlation between price and quantity.

Answers

Price and number of goods purchased are inversely correlated. Consequently, price rises as quantity rises.

What is data on price ?

Pricing Data is accurate information on the costs of goods that are strikingly comparable to those being purchased. Prices are used interchangeably in this definition to refer to actual selling prices as well as suggested or prospective selling prices. Data pertinent to both primary and subcontract prices are referred to in the definition. Data may consist of specific costs, weights, addresses, names, ages, temperatures, dates, or distances, for instance. Data is a basic type of knowledge and has no meaning or use by itself. In other words, facts must be interpreted in order to have any significance. A pricing list again for new term has been sent by the Contractor to authorized buyers.

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A newspaper headline writer found that the more adjectives she put in the titles of her articles, the greater the number of newspapers that were sold that day. This relationship between numbers of adjectives and newspaper sales must be:

Answers

Answer:

Positive.

Explanation:

A linear function has a positive relationship and as such an increase in one variable (input variable) causes an increase in the other variable (output variable) i.e the variables are directly proportional. Thus, the graph of a linear function is a straight-line and its slope is always constant.

On the other hand, nonlinear function has a negative relationship and as such an increase in one variable (input variable) causes a decrease in the other variable (output variable) i.e the variables are inversely proportional.

This ultimately implies that, the graph of a nonlinear function is a curved line and whose direction is constantly changing

In this scenario, the relationship between numbers of adjectives and newspaper sales must be positive because the higher the amount of adjectives put in the titles of her articles, the greater the number of newspapers that would be sold on a particular day.

Rahm finishes dressers and nightstands at a furniture manufacturing company. However, a chemical spill at the factory caused an accident that left him permanently disabled. Which program is specifically designed to help employees like Rahm

Answers

The program that is specifically designed to help employees like Rahm is: Social security program.

Social security program is program that provide insurance coverage in order to protect and provide for people who are no longer earning due to old age or unforeseen circumstance.

Social security program are specifically for:

Old peoplePeople with disability etc.

This program help to provide or render financial assistance to old people, and to individual that are disabled due to workplace hazard by providing monthly financial assistance to them.

Based on the information given social security program is a program that is specifically designed to help employees like Rahm that has permanent disability due to workplace hazard.

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Do firms really calculate marginal cost and marginal revenue to find the profit-maximizing output? If you examine the accounting records of most small businesses, you will be hard pressed to find explicit calculations of marginal cost and marginal revenue. So, why do economists develop rather elaborate, formal models of profit maximization when no one seems to do what we say they do?

Answers

It is a true statement that firms calculate their marginal cost and marginal revenue to find the profit-maximizing output.

What is marginal cost?

A Marginal cost refers to the change in total cost when output is increased by one unit.

What is marginal revenue?

A Marginal revenue refers to the change in total revenue when output is increased by one unit.

In conclusion, generally, a total profit is maximized where marginal revenue equals marginal cost, thus, they need to be calculated to realize that.

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who approves the federal budget
congress
presdient
house
President and congress

Answers

Answer:

congress

Explanation:

i think

correct me if I'm wrong

CARRY ON LEARNING

Answer:

president

Explanation:

I think because he rules the country

Which of the following is most likely to be a primary data source:
a. A sales invoice
b. A customer record
c. An expense report
d. A customer survey

Answers

Answer:

d. A customer survey

Explanation:

Data collected by researchers for the first time for a specific study is primary data.  A customer survey is a method of collecting primary data. A customer survey gathers information on the research topic directly from respondents.

Primary data like surveys are costly and consume time to collect, unlike secondary data. Other methods of collecting primary data include administering questionnaires, direct or indirect personal interviews, field observations, and experiments.

Which career pathways involve high risk due to exposure to dangers?

Firefighters in the Emergency and Fire Management pathway, Correctional Officers in the Corrections pathway, and Detention Officers in the Law Enforcement pathway
Firefighters in the Emergency and Fire Management pathway, Detention Officers in the Corrections pathway, and Intelligence Analysts in the Security and Protective Services pathway
Intelligence Analysts in the Security and Protective Services pathway, Detention Officers in the Corrections pathway, and Police Officers in the Law Enforcement pathway
Firefighters in the Emergency and Fire Management pathway, Detention Officers in the Corrections pathway, and Police Officers in the Law Enforcement pathway

Answers

Answer:

Firefighters in the Emergency and Fire Management pathway, Correctional Officers in the Corrections pathway, and Detention Officers in the Law Enforcement pathway.

Explanation:

The career pathways that  involve high risk due to exposure to dangers is :

A) Firefighters in the Emergency and Fire Management pathway, Correctional Officers in the Corrections pathway, and Detention Officers in the Law Enforcement pathway.

"Career Pathways"

The career pathways that involve high risk due to exposure to dangers is:

Firefighters in the Emergency

Firefighters too give an critical part in teaching the open with respect to fire and security.

Instructing fire anticipation and teaching the open on how to reply in crisis circumstances can offer assistance spare lives.

Fire Management pathway

Candidates require a long time of work encounter in law requirement, fire security, or an crisis administration field.

Crisis administration executives ordinarily require a bachelor's degree

Correctional Officers in the Corrections pathway

Corrections officers may do a few or all of the taking after:

supervise prisoners' day by day schedule, which incorporates feast, work and amusement times. screen, evaluate and oversee the conduct and security of detainees watch jail buildings and grounds.

Detention Officers in the Law Enforcement pathway.

A detainment officer forms prisoners, keeps up imprison security, serves dinners, transports detainees, gets and forms detainees into care of educate, looks detainees, and takes charge of individual property and gives detainees with opportunity to call their lawyer or relative.

A Career Pathway traces the positions, compensation, and preparing required to development in an industry.

Thus, the correct answer is A.

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Allen Furniture Company is considering offering an inexpensive line of college dorm and apartment furnishings. If they move forward, they will renovate part of their store to accommodate this new stock. Before spending the money to redesign the store, they first want to find out customer interest. In a short response of approximately 100 words, describe some of the steps they should take as they consider this project.

Answers

Answer:

Allen Furniture Company should look into conducting a survey to gauge customer interest to find what they look for, need, and find attractive. They could do so by going to college campuses and conducting random interviews. For their apartment furnishings, they could look online to see what kind of product sell and do an analysis of customer interest that way and they could also conduct a survey for people that live in apartments. They could also look into a consultant that specializes in the field and is experienced with what customers like or want.

define finance education for class 8

Answers

Financial literacy is the education and understanding of knowing how money is made, spent, and saved, as well as the skills and ability to use financial resources to make decisions. These decisions include how to generate, invest, spend, and save money.

At the beginning of the year, a company estimated a predetermined plantwide overhead rate of 140% of direct labor cost. Job X was charged $200 for direct materials and $350 for applied overhead. What is the total job cost for Job X?
$600
$550
$800
$850

Answers

$800  is the total job cost for Job X .

What does the word "cost" mean?

During the manufacturing or production of a company's goods and services, every expense incurred by the company is referred to as a cost. In simplest terms, it is the amount of money that businesses invest in buying and selling goods.

= Direct materials + Direct labour cost + applied overhead

= $200 + $250 (wn-1) +$350

= $800

working notes:

1) Overhead = 140 % of Direct labour cost

$350 = 140% of Direct labour cost

$350 = 140/100 of Direct labour cost

($350×100 ) /140 = Direct labour cost

$250 =Direct labour cost

Direct labour cost = $250

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the main units of local government.​

Answers

Answer:

There are four main types of local government- counties, municipalities (cities and town), special districts, and school districts. Counties are the largest units of local government, numbering about 8,000 nationwide. They provide many of the same services provided by cities.

Explanation:

counties, municipalities (cities & towns), special districts, and school districts.

Choose all of the descriptions that illustrate advantages to using major credit cards for purchases. A) Major credit cards typically have very low interest rates on monthly payments. B) Major credit cards do not issue late fees to the account holder on payments overdue. C) Major credit cards are usually accepted at most marketplaces in the United States and abroad. D) Major credit cards often offer accountholder protections for unauthorized purchases made using the card. E) Major credit card purchases are usually tax deductible, resulting in a refund from the IRS for the account holder.

Answers

Answer: C) Major credit cards are usually accepted at most marketplaces in the us and abroad

and

D) Major credit cards often offer account holder protections for unauthorized purchases made using the card

Explanation:

ONLY C & D. USATESTPREP ANSWERS

Gossip occurs when Jen and Kathy talk about _______. A. Their coworker Ted. B. The upcoming World Series. C. Their favorite TV show d. The clothes they will wear to a party.

Answers

Gossip occurs when Jen and Kathy talk about  their coworker Ted.

What is a Gossip?

A Gossip can be regarded as the practice usually found in the society and organization which involves talking about someone behind him or her.

It involves a friend saying something else about co workers and this can cause problem in the organization.

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Gossip occurs when Jen and Kathy talk about their coworker Ted.

The correct option is (A).

What is Single All The Way?

Single all the way is a Netflix-based Canadian romance comedy.

This is based on gay romance. The character has to answer his family's questions about being single because his family doesn't know that he is gay.

Thus, the correct option is (A) Their coworker Ted.

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everyone here is a pleb

Answers

Noooo




Step by step explanation:

Answer:

no no no no no no no no no no no                                                                                            

In your own words, explain what actuarial value is

Answers

Answer: What id say an actuarial value is, something you pay for in advanced, like if you buy a game from game stop, and you have to wait for it to actually come out, and they put it on hold for you and stuff, I think that is what actuarial value is, to be honest i have heard of it but never learned it 100% i hope this is correct and hope it helped, have a wonderful day!

Explanation: brailiest please <3

Using the acronym ROTTEN, explain in a few sentences a situation that
a
could have resulted in the increase of supply of iPhones. I

Answers

Answer:

if the supply increases, it could mean that the resources to make Iphones are increased. If there is an abundance of the computer chips Apple uses to make the iphones, the price of the chip lowers , which in turn lowers the cost to make an iphone.

Explanation:

Who does not make a good reference?
A. former employers
B. relatives
C. current employers
D. teachers

Answers

Answer:

b

Explanation:

cause yeajjfjfjgjgjgkgkgkg

b because family thinks more of you

The percentage of the last dollar you earn that goes toward your taxes is your. A) tax deferral rate. B) base tax rate. C) average tax rate.

Answers

Option A is Correct. Your tax deferral rate is the portion of your final dollar of income that is allocated to paying taxes.

The amount of additional tax paid for each new dollar of income received is known as the marginal tax rate. Total taxes paid divided by total income generated is the average tax rate. At a marginal tax rate of 10%, tax would be deducted from the following dollar of income at a rate of 10%.

The percentage of income a taxpayer pays in taxes is known as their average tax rate (also known as effective tax rate). The tax rate levied on a taxpayer's final dollar of income, however, is known as their marginal tax rate. Average tax rates paid by taxpayers are often substantially lower than marginal tax rates.

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what challange might we face in case chose profession that does not meet our interest and capacity

Answers

Each person has a different profession. The interest and capacity of the individual in question determine the profession of choice. As a result, we must match our study material to our students' interests and aptitudes from an early age.

In such occupation, we are unable to raise our quality. We are unaware of its operating hours or methodology. We will be considering how to do that assignment while everyone else is working. However, if we do the assignment, we won't get experience because our focus will still be on the career we were interested in. If we select a career that doesn't align with our interests and abilities, we will fail.

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1 point
Danny receives a salary of $660 a month and a 7.5% commission on all
sales above his monthly quota of $15,000. His sales for the month totaled
$32,000. What was his gross income for the month? *
$3,060
$1,275
$2,400
$1,935

Answers

Answer:

1935

Explanation:

32,000-15,000 = 17,000

17,000 x 0.075 = $1275 (this is his commission)

1275 + 660 = $1935

$1935 is his gross income for the month

What do you think are the most important components of budgeting? Why?

Answers

Answer:

I would have to say figuring out ur cash flow where its going after u earn it and making sure u keep track of ur savings

Explanation:

if a company seeks to encourage customers to take action and may offer special incentives to do so, which communication tool might be utilized? sales promotion covert advertising image advertising noncommercial advertising personal selling

Answers

If a company seeks to encourage customers to take action and may offer special incentives to do so, the communication tool that might be utilized is sales promotion. The correct option is A.

What is Sales promotion?

Sales promotion is a type of communication tool used by a company or organization to encourage customers to buy more of a product or service or to take a specific action. It is usually a short-term strategy designed to boost sales quickly.

Some common types of sales promotions include coupons, discounts, rebates, contests, and giveaways. These incentives are used to motivate customers to make a purchase or take some other desired action.

Sales promotions can be offered through various channels, such as in-store displays, print and digital advertisements, direct mail, and email marketing campaigns.

Therefore, the correct option is A.

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ow would you feel if your family had “telling of feelings” after dinner every night?

ow would you feel if your family had telling of feelings after dinner every night?
ow would you feel if your family had telling of feelings after dinner every night?
ow would you feel if your family had telling of feelings after dinner every night?

Answers

That evening, after dinner, Jonas's family his father, mother, and sister Lily, seven participated in a custom known as “telling of feelings.” Each participant talks with others about a certain emotion they had throughout the day.

Since then, the term "catharsis" has been used in the mental health community to refer to the process of expressing one's feelings, which is crucial for expressing one's needs, wants, and emotions.

Talking about your emotions confirms that what you're going through is genuine and important to you. You care about something if you are angry about it. You would be discrediting your experience and your ideals if you attempted to disregard that emotion.

Rather than denying your emotions, accept them. Avoid passing judgment on others or yourself.

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Which statement best describes the performance of the vanguard 500 index fund admiral shares compared to the benchmark of the s&p 500 index?

Answers

The performance of the Vanguard 500 Index Fund Admiral Shares closely tracked the benchmark S&P 500 Index.

How did the performance of the Vanguard 500 Index Fund Admiral Shares compare to the S&P 500 Index benchmark?

The Vanguard 500 Index Fund Admiral Shares closely tracked the performance of the benchmark S&P 500 Index. This means that the fund's returns were similar to the overall market performance represented by the S&P 500 Index. As an index fund, its objective is to replicate the performance of the underlying index. Therefore, investors can expect the Vanguard 500 Index Fund Admiral Shares to deliver returns that mirror the ups and downs of the S&P 500 Index. This provides investors with broad exposure to the U.S. stock market and the opportunity to capture its long-term growth potential.

The Vanguard 500 Index Fund Admiral Shares closely mirrored the performance of the S&P 500 Index, indicating that its returns were in line with the overall market. Being an index fund, its primary goal is to replicate the performance of the underlying index, in this case, the S&P 500. Consequently, investors can anticipate that the Vanguard 500 Index Fund Admiral Shares will exhibit returns that closely reflect the fluctuations of the S&P 500 Index. This characteristic offers investors a means to gain broad exposure to the U.S. stock market and seize the potential for long-term growth.

By aligning with the S&P 500 Index, the Vanguard 500 Index Fund Admiral Shares allows investors to participate in the collective performance of the 500 large-cap companies in the U.S. market. As these companies experience growth or decline, the fund's returns follow suit. This approach eliminates the need for active stock selection and instead provides a passive investment strategy that mirrors the overall market. Consequently, the Vanguard 500 Index Fund Admiral Shares becomes a convenient and cost-effective way for investors to access the potential rewards of the U.S. stock market.

In summary, the Vanguard 500 Index Fund Admiral Shares demonstrates a strong correlation to the S&P 500 Index, providing investors with a reliable avenue to participate in the performance of the U.S. stock market as a whole. Its objective to replicate the benchmark index allows investors to capture the ups and downs of the market, delivering a broad exposure to the potential long-term growth.

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what elements of the national business environment might influence your decision on where to move production?

Answers

The elements of a nation's national business environment that influences the decision on where to move production include:

Taxation policies Profit repatriation policies Foreign ownership restrictions

What should affect the decision to move production to another country?

One should look at the taxation policies in the nation to see how much taxes would need to be paid and if this is conducive.

Profit repatriation policies should also be looked at to ensure that a company can easily take out profits from the nation. Another important element are any foreign ownership restrictions on certain businesses to ensure that you are allowed to do business in that sector.

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Which trait do MOST employers look for when hiring new employees?
Group of answer choices

punctuality

an outgoing personality

financial independence

a fashionable wardrobe

Answers

Answer: Punctuality

Explanation:

If you're carrying debt that charges a low interest rate, you should prioritize paying off the
debt and only make investment contributions when the debt is paid off.

True
False

Answers

False I believe because the interest rate is low. Hope this helps

An innovative business idea that no one has never had

Answers

An innovative business idea that no one has never had is Offering virtual assistance to other businesses.

What is innovative business idea ?

innovative business idea can be described as an idea in business that cn be developed so that it can be a way to earn a living by providing the services or the goods to the consumer.

It should be noted that this innovation can be the one that no one has ever done or the modification of the one that has been in exisitence, however providing the virtual assistance serves as one of the innovation in business that can ring profit.

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Complete question:

State An innovative business idea that no one has never had

He said," I don't like you" change in indirect speech​

Answers

Answer:

whether'.

Explanation:

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