Answer:
(a)
The equilibrium price is $75 per club
The equilibrium quantity is 75000 clubs
(b)
A charge a price of $50 per club. This would result in a surplus of 25000 clubs
Explanation:
Given
--- The demand function
--- The supply function
Solving (a): The equilibrium price and quantity
To do this, we equate both functions
This gives:
Collect like terms
Make P the subject
---The equilibrium price
Substitute 75 for P in
---- The equilibrium quantity
Solving (c): When the price is changed to $50
This means that: 
The quantity demanded will be:
Subtract the equilibrium quantity from to get the shortage/surplus
<em>Since the change is positive, then there is a surplus.</em>
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Answer:
The expected return on the stock is 9.785%
Explanation:
The expected rate of return on a stock is the return of the stock expected in different scenarios multiplied by the probability that those scenarios will occur. The expected return can be calculated as follows,
r = rA * pA + rB * pB + ... + rN * pN
- Where,
- rA, rB to rN expects return under different scenarios
- pA, pB to pN represents the probabilities of each scenario
Thus,
r = 0.157 * 0.15 + 0.098 * 0.73 + 0.023 * 0.12
r = 0.09785 or 9.785
Answer:
A memorandum is a form of communication within a company.
Explanation:
When a company has a large staff working on it, it is very common to use a memorandum or memo.
It is a quick and easy way to remind someone of a task they have to do.
The structure of the memorandum should be as follows:
Memorandum:
To: Sara, Organization Department.
From: Marcus, Organization Department.
Date: 05/04/2020
Re: Supplies for the Football Tournament.
_________________________________________________
Sara, please don't forget to order the balls and shirts missing for the football tournament.
20 pages in one night times 3 nights = 60. 60 pages times 3 problems per page is 180 problems.
20*3=60
60*3=180
Answer: Unit of account; Store of value; Medium of exchange.
Explanation:
Sam can easily know that the price of the computer system is more than the price of the vacation. This is a Unit of Account.
Unit of account is measuring of the value of a product against another in terms of a specific currency.
Sam has $1,537 in his checking account. This is a Store of value.
Store of value means an asset or money can be saved and retrieved at a later time, for future use.
Sam writes a check for $1,299 is a medium of exchange.
Medium of exchange is used to facilitate trade between parties. He exchanged money for the computer.
