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Amiraneli [1.4K]
1 year ago
11

How will a new law mandating an increase in required levels of automobile insurance affect the equilibrium price and equilibrium

quantity in the market for new automobiles?.
Business
1 answer:
Degger [83]1 year ago
4 0

Equilibrium price will fall; equilibrium quantity will fall.

What does Equilibrium price mean?

An Equilibrium price, also known as a market-clearing price, is the consumer cost assigned to some product or service such that supply and demand are equal, or close to equal.

The manufacturer or vendor can sell all the units they want to move and the customer can access all the units they want to buy.

What is Equilibrium quantity?

Equilibrium quantity is when there is no shortage or surplus of a product in the market.

Supply and demand intersect, meaning the amount of an item that consumers want to buy is equal to the amount being supplied by its producers.

Learn more about Equilibrium price and quantity here:

brainly.com/question/28182532

#SPJ4

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If you have 4.00 gg of H2, how many grams of NH3 can be produced?
n200080 [17]

Answer:

22.49 g of NH3

Explanation:

The balanced equation for this would be:

3H₂+N₂ → 2NH₃

So let's take note of this:

We will need 3 moles of H₂ to produce 2 moles of NH₃.

Now let us convert:

First we determine the molar mass of H2:

Element:

     number of atoms   x     molar mass

H   =          2                 x       1.01 g/mol = 2.02 g/mol

Let's see how many moles of H2 there are in 4.00g

4.00 g\times \dfrac{1\;mole\;of\;H_2}{2.02g} = 1.98\;moles\;of\;H_2

Now we can see how many moles of NH₃ we can make given the ratio and convert it again to grams by getting the molar mass of NH₃:

1.98\;moles\;of\;H_2\times\dfrac{2\;moles\;of\;NH_3}{3\;moles\;of\;H_2} = 1.32\;moles\;of\;NH_3

This means that with 1.98 moles of H₂, we produce 1.32 moles of NH₃

So let's get the molar mass of NH₃ so we can convert it to grams:

N      =   1 x 14.01 = 14.01

H      =  3 x 1.01   = 3.03

                             17.04g/mol

1.32\;moles\;of\;NH_3\times\dfrac{17.04g\;of\;NH_3}{1\;mole\;of\;NH_3} = 22.49g\;of\;NH_3

4 0
3 years ago
Josh's weekly budget for lunch is $24. He eats only pizza and burgers. Each pizza costs $6 and each burger costs $3. Josh knows
egoroff_w [7]

Answer:

The answer is: Josh's utility maximizing point is when he buys 2 pizzas and 4 burgers.

Explanation:

If Josh gets equal marginal utility per dollar spent when buying one pizza and 2 burgers, that means that every pizza and every burger give Josh 10.67 utility unit per dollar spent. So Josh can obtain maximum 16 units of utility with his budget and his purchasing options (= $24 x 0.67 units of utility per dollar). The way he can maximize his utility is by buying two packs of one pizza and two burgers per pack, since every pack will give him 8 units of utility.

8 0
4 years ago
Factors driving supply<br>​
Sauron [17]

Answer:

Being More Responsive to Customer’s Unique Product Requirements with Short-Notice Production Flexibility is the New Normal.

Explanation:

7 0
3 years ago
Select the examples of Energy workplaces. mines, power plants, refineries, schools, trains, warehouses, stores, offices.
VashaNatasha [74]

Answer: Mines, Power Plants, Refineries, Office

Explanation: I just took the assignment good luck!

3 0
3 years ago
Read 2 more answers
on december 1, bright company receives a 6% interest-bearing note from galvalume company to settle a $20,000 account receivable.
andreyandreev [35.5K]

At December 31, bright should record interest revenue of $100. Money gained by lending money or money acquired from depositing or investing can both be referred to as interest revenue.

Is interest revenue a liability or an asset?

If a company anticipates receiving the interest payment within the year, it typically records the interest receivable as a current asset on its balance sheet. Companies that collect interest from loans view this revenue as a significant source of income that belongs at the top of the income statement. It is the price of taking out a loan from a bank, financial institution, bond buyer, or another lender. In order to assist a business finance its operations, such as the acquisition of rival businesses or machinery, plant, and property, interest expense is incurred.

To learn more about interest revenue, refer to:

brainly.com/question/27992328

3 0
1 year ago
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