The correct option is - B (16, 22)
Explanation:
<u>Given:
</u>
Demand function = P = -Q +38
Supply function = P = Q – 6
<u>In order to find the equilibrium, the demand function must be equal to the supply function.
</u>
Thus, putting the demand function equal to the supply function , we get,
Q – 6 = -Q + 38
Solving the above equations, Q = 22
Now, putting the value of Q in demand function in order to find out the value of P,
P = -22 + 38
P = 16
Thus, Option B is correct (16, 22)
The real output equivalent to the Real interest rate.That's the correct answer
Answer:
The correct answer is option B.
Explanation:
Betty's beads is a firm in a perfectly competitive market.
Currently the marginal cost of the firm is $12.
The marginal revenue is $15.
The average total cost is $10 and the average variable cost is $8.
A perfectly competitive firm faces a horizontal line demand curve which also represents the marginal revenue. This implies that the price of the firm is $15.
The firm is earning a profit as the revenue earned by the firm is higher than costs incurred. This will attract other potential firms to join the market in the long run.
Answer:
No
Explanation:
No, Quiznos was able to rise in popularity due to their "oven-roasted" sandwich versions which gave them a competitive advantage, but it is not a sustainable one. Other companies will begin to implement the same strategy/design into their franchises which will take that competitive advantage away from Quiznos. At that point, Quiznos will need to implement a new strategy or idea in order to gain another competitive advantage and increase sales.