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egoroff_w [7]
2 years ago
14

Given the demand function p = 85 - 5x and supply function p = 3x - 35. The consumer's surplus is ?​

Business
1 answer:
horsena [70]2 years ago
8 0

Explanation:

At equilibrium demand price=supply price

Therefore consumer surplus is 15 units.

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If there are 10,000 people in your age bracket, and 10 of them died last year, an insurance
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The Harvest Company sponsors a defined benefit pension plan. The following information pertains to that plan: Projected benefit
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260 million. The answer is not in the available options.

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3 years ago
Why does a savings account make a better investment than a checking account?
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4 years ago
Read 2 more answers
Pujols Lumber Yard has a current accounts receivable balance of $365,061. Credit sales for the year just ended were $6,842,109.
jeka94

Answer:

19.48 days

Explanation:

Calculation to determine How long did it take on average for credit customers to pay off their accounts during the past year

First step is to determine the receivables turnover for the company using this formula

Receivables turnover = Credit sales / Receivables

Let plug in the formula

Receivables turnover = $6,842,109 / $365,061

Receivables turnover = 18.74 times

Now let determine l the day’s sales in receivables using this formula

Days’ sales in receivables = 365 days / Receivables turnover

Let plug in the formula

Days’ sales in receivables = 365 days / 18.74

Days’ sales in receivables = 19.48 days

Therefore How long did it take on average for credit customers to pay off their accounts during the past year is 19.48 days

3 0
3 years ago
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