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ValentinkaMS [17]
1 year ago
9

in the above figure, the unregulated, competitive market equilibrium is tuition of and the equilibrium quantity is students in c

ollege. group of answer choices $6,000; 50 million $12,000; 40 million $18,000; 30 million $18,000; 50 million
Business
1 answer:
padilas [110]1 year ago
7 0

The uncontrolled, competitive market equilibrium in the aforementioned graph has a tuition of $18,000 and a quantity of 30 million college students.

<h3>What Is Competitive Equilibrium? </h3>

Competitive equilibrium is a situation in which profit-maximizing producers and utility-maximizing customers reach an equilibrium price in competitive markets with freely determined prices. The quantity supplied and the quantity demanded are equal at the equilibrium price.

<h3>Why do competitive marketplaces alter equilibrium?</h3>

The market is constantly moving towards equilibrium because if the price is too high, there is a surplus and prices tend to drop until the surplus is sold and equilibrium is attained, and if the price is too low, there is a shortage and manufacturers raise prices and increase quantity provided.

Learn more about competitive market equilibrium: brainly.com/question/14412690

#SPJ4

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What is the point called where the supply curve and the demand curve meet?
disa [49]

Answer:

I would have to say, C Supply is how much of an item you have and demand is how much demand you have

3 0
3 years ago
Lense Laboratories' net income was $330,000. Given the account information below, what is the net cashflows from operating activ
Korvikt [17]

Answer: The answer is b $534,400

Explanation:

$

Net income. 330,000

Depreciation expense. 46,500

Increase in prepaid insurance. 3,900

Changes in operating Asset and Liabilities

Decrease in inventory. 34,500

Increase in Account Receivable. 63,000

Increase in salaries payable. 56,500

-----------------------

Net operating cash flow. 534,400

------------------------

7 0
3 years ago
Rapidly increasing health costs have been a major political concern since at least 1992. Suppose the government sets the maximum
lara31 [8.8K]

Answer:

Option "D" is the correct answer to the following statement.

Explanation:

Once a government imposes a legal maximum limit on the cost of a service, it is called maximum price .

In this situation, there will be more individuals wanting to visit the Medical Professional but fewer Medical professionals willing to see patients at Government's maximum price.

Doctors want to earn as per market price, but patients want to pay the fee as government settled price.

8 0
3 years ago
Clyde purchased a 4000K television online from Best Buy. The television retails for $749, but Best Buy also offered a 15% discou
Nataly_w [17]

Answer:

$689.17

Explanation:

In order to find the answer, first you have to calculate the price of the TV after the 15% discount by calculating 15% of the price and subtracting that result from the price:

$749*15%=112.35

$749-$112.35=$636.65

Now, you have to found the amount of the tax and add that to the price:

$636.65*8.25%=$52.52

$636.65+$52.52=$689.17

According to this, the answer is that Clyde paid $689.17 for the television at checkout.

3 0
3 years ago
Company Z's CPP has a Products and Completed Operations aggregate limit of $100,000, with a $20,000 limit for each occurrence. F
drek231 [11]

Answer:

65000$ remains available for complete operation losses.

Explanation:

$20,000 of the $25,000 loss is paid by the policy. The $15,000 loss is paid in full. Together these payments reduce the $100,000 aggregate limit to $65,000.

Calculation

100,0000-20,000-15,000 = 65,000 $.

8 0
4 years ago
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