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densk [106]
2 years ago
15

Suppose the demand function​ (D) for golf clubs​ is: Qequals150minus1.00​P, where P is the price paid by consumers in dollars pe

r club and Q is the quantity demanded in thousands. Suppose the supply curve​ (S) for golf clubs is estimated to​ be: Qequals1.00P. Calculate the equilibrium price for golf clubs and the equilibrium quantity sold. The equilibrium price is ​$ nothing per club ​(Enter your response as an​ integer.)
Business
1 answer:
nadya68 [22]2 years ago
8 0

Answer:

P = $75 per club

n= 75,000 clubs

Explanation:

The demand and supply functions are:

(D): Q=150-1.00P\\(S): Q=1.00P\\

The equilibrium price is the price that yields a quantity demanded equal to the quantity supplied:

150-1.00P=1.00P\\P=\frac{150}{2}\\P=\$75

The number of units sold at that price is:

n=1,000*(1.00*75)\\n=75,000\ units

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7 0
3 years ago
If a firm has the market price of the firm's common stock of $500 and its annual earnings per share of $50 , then the firm has a
sweet [91]

Answer:

Price / Earning ratio = 10

Explanation:

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\frac{Market \: price}{EPS}

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3 years ago
Which of the following statements is most​ correct? A. KSFs are often​ necessary, but not sufficient for competitive advantage.B
anzhelika [568]

Answer:

A.  KSFs are often necessary, but not sufficient for competitive advantage.

Explanation:

KSF

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KSFs represent areas organisations are to attend to based on the views of the market in order to achieve their goals. It could be in form strengths to maximize, weaknesses to address, aspects to take advantage of among others.

It becomes obvious that although important (from the view of the market or consumers who patronize the business), a business must makes its own due diligence in form of SWOT analysis among others to have the required competitive advantage.

4 0
3 years ago
XYZ Corporation reported a $35,000 increase in inventory and a $7,000 decrease in accounts payable during the year. XYZ's cost o
Angelina_Jolie [31]

Answer:

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7 0
3 years ago
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Answer:

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So in order to acheive the goal of price stability, the rate of inflation should be low such as 1-3% and it should be consistent.

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3 years ago
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