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Papessa [141]
2 years ago
6

The following economic functions have been derived by the Finance Manager

Business
1 answer:
diamong [38]2 years ago
6 0

The supply curve in the question is Qa = 3P2– 12 while the demand curve is Qx = 24 – P2.

<h3>a. How to ascertain the supply curve</h3>

To know the supply curve we have to be able to make a distinction of the direction of the signs used in the functions.

Supply curves are known to be positive because they are an increasing function that is due to prices. For demand function they are negative because they are a decreasing function.

In 3P2 – 12. the coefficient is positive when we take the first derivative. This gives us 6p= +6

For the demand curve, when we do this we would have -2p. that is -2 hence this is the demand curve.

2. Equilibrium.

At equilibrium we have Qa = Qd

hence  3P² – 12p= 24 – P²

From here we are to take like terms

3P² – 12p= 24 – P²

3P² +  P² - 12p - 24 = 0

4p² - 12p - 24 = 0

The solution to the quadratic equation using the quadratic equation calculator is x=4.37228 and x=−1.37228

Read more on demand and supply curve here:

brainly.com/question/4804206

#SPJ1

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The following statements describe why profits for firms in a perfectly competitive industry tend to vanish in the long run. Sele
EastWind [94]

Answer:

The correct answer is the option C: When other perfectly competitive firms see an opportunity to earn profits and enter the market the prices drop.

Explanation:

To begin with, in the microeconomics theory the perfect competitive market is characterized by the fact that there a lot of companies that sell an homogenous product and that are price takers of the market itself. So therefore that the only big difference in the firms are the costs and the prices that they have. Moreover, in the long run the firms are obtaining great profits so that leads to the enter of another more companies to the market and the supply rises the prices will have to go low so that will implicate as well a decrease in the prices of every company that now works in that industry.

7 0
3 years ago
To provide realistic special effects, production studios need to hire scientists and mathematicians. What other production activ
adelina 88 [10]

For providing realistic special effects, production studios need to hire scientists and mathematicians, by paying some extra fees to look at movies as more realistic.

<h3><u>Hire scientists and mathematicians:</u></h3><h3 />

Hire scientists and mathematicians is a result of paying some extra cost for improving the quality of the movie as it looks real.

<h3>Another options by excluding scientists and mathematicians are:</h3>

  •    producing more and more movies and documentary clips and films.

  •    Making an experiment with different angles,

  •    Paying bonuses and extra payments to employees for extra work

  •    Hire more celebrities.

  •    Improving the set of studios,

  •    Provide better infrastructure, etc.

Therefore, providing realistic special effects, production studios need not hire only scientists and mathematicians, as we have discussed above.

Learn more about scientists and mathematicians refer:

brainly.com/question/11924031

3 0
3 years ago
Which of the following statements is false? a. A credit is a deposit to a checking account. b. A debit is a withdrawal from a ch
allsm [11]

Answer:

c. An overdraft is a fee your bank charges you for opening a checking account.

Explanation:

Checking account is a deposit account with a bank or any  financial institution that allows the owner of such account to make withdrawals and deposits. They are also known as demand accounts or transactional accounts. They are very liquid and allows for countless deposits and withdrawals and can be obtained  by using automated teller machines, checks and electronic debits, and a number of  other methods.

A checking account is unlike other bank accounts like less liquid savings or investments account it allows for countless withdrawals and unlimited deposits, and savings accounts sometimes limit both.

The statement that an overdraft is a fee that banks charges for opening a checking account is false.

Overdraft is a form of extension of credit from a finiancial institution and often granted when an account reaches zero. it allow such account holder to continue withdrawing money even though the account has no funds  or insufficient funds that would cater  for and cover the amount of the withdrawal. So it is not the fee that bank charges for opening a checking account, instead what checking account offers is overdraft protection in which if a checking account owner write a check or make a purchase than the funds in the checking account, the bank may cover the difference.

8 0
3 years ago
Read 2 more answers
China has approximately 1.2 billion residents. marketers want to know which international brands these residents have heard of.
Alexandra [31]
I had to look for the options and here is my answer:

Based on the given information above about China and its marketers, the one right way to allocate random numbers to simulate the answer would be two digits simulate one person's answer; 00 to 61 mean "Yes" and 62 to 99 mean<span>"No. (This answer is based on the actual options attached to this question.)</span>
4 0
3 years ago
A stock is currently at $50. Over each of the next two 6-month periods, the stock may move up to a factor 1.2 or down by a facto
ahrayia [7]

Answer:

Explanation:

Solution:

Parameters are u = 0.1, d = −0.1, 1 + r = e

0.5×0.08. So the risk-neutral probability is

p

∗ = 0.7. After evaluation of the options at the terminal nodes we use the risk-neutral

valuation to get (i)

πC(0) = e

−2(0.5×0.08) £

0.7

2 × 21 + 2 × 0.7(1 − 0.7) × 0 + (1 − 0.7)2 × 0

¤

= 9.61

and (ii)

πP (0) = e

−2(0.5×0.08) £

0.7

2 × 0 + 2 × 0.7(1 − 0.7) × 1 + (1 − 0.7)2 × 19¤

= 1.92

(iii) For put-call parity one has to verify S − πC + πP = Ke−r

, here :

100 − 9.61 + 1.92 = 100e

−0.08

.

4 0
4 years ago
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