Answer:
a) Qs = 50 + 20p - 7ps
= 50 + 20p - 7×(2)
= 50 + 20p - 14
= 36 + 20p
At equilibrium, 
= 
So, 150 - 10p + 5
= 36 + 20p
So, 20p + 10p = 30p
= 150 - 36 + 5
= 114 + 5
So, p = (114/30) + (5/30)
= 3.8 + 0.17
Thus, 
= 3.8 + 0.17
Q = 36 + 20p
= 36 + 20(3.8 + 0.17)
= 36 + 76 + 3.4
= 112 + 3.4
Thus, 
= 112 + 3.4
b) = 3.8 + 0.17
= 3.8 + 0.17×(5)
= 3.8 + .85
= 4.65
= 112 + 3.4
= 112 + 3.4(5)
= 112 + 17
= 129
c) Qd = 150 - 10p + 5pb = 150 - 10(2.5) + 5(5) = 150 - 25 + 25 = 150
Qs = 36 + 20p = 36 + 20(2.5) = 36 + 50 = 86
Thus, there is excess demand as >
d) New = 180 - 10p + 5
= 180 - 10p + 5×(5)
= 180 - 10p + 25
= 205 - 10p
Now, new = gives,
205 - 10p = 36 + 20p
So, 20p + 10p = 205 - 36
So, 30p = 169
So, p = 169÷30
So, = 5.63
Q = 205 - 10p = 205 - 10×(5.63) = 205 - 56.3 = 148.7
So, = 148.7
Answer:
Purchases= $1,091,000
Explanation:
Giving the following information:
Beginning Raw materials inventory = $549,000
Ending Raw materials inventory= $612,000
The raw materials used in production= $1,028,000.
<u>To calculate the raw material purchased, we need to use the following formula:</u>
Purchases= production + ending inventory - beginning inventory
Purchases= 1,028,000 + 612,000 - 549,000
Purchases= $1,091,000
Answer:
not rescind the contract
Explanation:
According to the given situation, Veronica offers to Rowena to purchase his luxurious sedan by saying that it has been into an accident. After that Rowena hires Laszlo who is a mechanic to repair the sedan. Here Laszlo told Rowena that this sedan is mostly into an accident, after knowing these details Rowena is decided to purchase a car. After some time, Rowena faces a mechanical problem, here she can not break the contract as she already knew that car is have been into an accident mostly.
Therefore, the right answer is she cannot rescind the contract.
Answer:
Since half of his loss would be covered by insurance and he is not filing an insurance claim, he cannot take half of the loss.
For the half he can take, 4500, he must reduce it by 100 and then by 10% of his AGI. 4,500 - 100 - 5,000 = less than zero.
So he cannot deduct any of the loss.
