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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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3. When you rely on other people too much, you could lose control of your life plan. Name
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First, a person must not depend on anyone in his work. A person must develop plans for his own development and the ability to do all his work on his own, but sometimes a person may be forced to use the help of others and this is not a mistake. We all need each other, but without using dependence as a permanent habit

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WASHINGTON, Jan 29 (Reuters)—Wright Medical Group, a maker of reconstructive implants for knees and hips, on Tuesday filed to se
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The journal entry is as follows:

Cash A/c                                                          Dr.  $51.45

To Paid in capital in excess of par value A/c                   $51.42

To Common shares A/c                                                     $0.03

(To record the sale of the shares)    

Note: The amount mentioned in debit and credit column in the above journal entry are in the millions of dollar.

Workings:

Cash = Shares sold × shares closing price

        = $3 million × $17.15

        = $51.45 million

Common shares = Shares sold × Par value per share

                            = $3 million × $0.01

                            = $0.03 million

Paid in capital in excess of par value = Cash - Common shares

                                                              = $51.45 - $0.03

                                                              = $51.42

4 0
3 years ago
Consider each of the following scenarios. For each, would it cause a shift in demand, a shift in supply, or neither a shift in d
Andreyy89

If Adidas lowers its price, there would be a shift to a shift in demand to the left.

An increase in the wages of labor would lead to a shift in supply to the left.

As a result of the report, there would be a shift in demand to the right.

The arrest of the celebrity will neither shift demand or supply.

A decrease in the price of Adidas' shoes will neither shift demand or supply.

<h3>What cause a change in demand?</h3>
  • A change in consumers' expectation : when there is a favourable change in this factor, the demand curve would shift to the right. When the change is unfavourable, there would be a shift to the left.

  • A change in the taste of consumers : when there is a favourable change in this factor, the demand curve would shift to the right. When the change is unfavourable, there would be a shift to the left.

  • A change in consumer's income: : when there is a favourable change in this factor, the demand curve would shift to the right. When the change is unfavourable, there would be a shift to the left.

  • A change in the price of substitute goods: when the price of the substitute good increases, the demand for the good would increase. The opposite is the case when the price of the substitute good decreases.

Here is the complete question:

Nike is wondering how Adidas's decision to lower its prices will affect Nike.

2. Apple, which makes the iPhone, is forced to pay its workers higher wages.

3. A new report indicates that eating hot dogs can prevent cancer.

4. Adidas decides to lower the prices of its shoes.

5. A celebrity who endorses Subway is arrested.

For more information about the change in demand, please check: brainly.com/question/25871620

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