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4 years ago

What is market equilibrium

1 answer:

8 0

Market Equilibrium is when the supply and demand curves intersect, the market is in equilibrium. This is where the quantity demanded and quantity supplied are equal. The corresponding price is the equilibrium price or market clearing price, the quantity is the equilibrium quantity.

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A chemical-producing firm is located just upstream from an electric power plant. Instead of the more expensive procedure of bury

igomit [66]

Answer:

Overproduction of chemical and an underproduction of electric power.

Explanation:

From society's viewpoint, the chemical producer's pollution leads to overproduction of chemical this is due to the fact that there were not much costs incurred in the production of the chemical because the company decided to use a cheaper means to clear out their chemical waste which was carried out by disposal into the stream rather than the proper and expensive method which involves burying the chemical waste.

The electric power plant will experience an underproduction of electrical power due to an increase in variable cost which is as a result of the pollution of the stream by the chemical factory.

3 0

4 years ago

Read 2 more answers

Casey Electronics has a piece of machinery that costs $300,000 and is expected to have a useful life of 6 years or 40,000 hours.

puteri [66]

Solution:

The unit-of-production approach allocates depreciation on the basis of the usage of the commodity.

The first step is to measure depreciation per unit by calculating the sum of less residual value by usable life in units.

For this scenario, we measure ($300,000-$50,000)/40,000 hours

= $6.25 per computer hour as the deprecation cost per device.

That number is compounded by the real use for the year.

In this scenario, 6,000 hours * $6.25 depreciation cost

= $37,500 depreciation bill.

4 0

3 years ago

Sandra wilson is paid one and one-half times the regular hourly rate for all hours worked in excess of 40 hours per week and dou

Inessa05 [86]

To calculate Sandra's overtime earnings, you will need to find how many overtime hours Sandra worked and then calculate the amount per hour she will make for the hours over 40 she worked through Saturday.

You will calculate her earnings per hour on Sunday by doubling her per hour rate and then multiplying by the number of hours worked on Sunday.

1. M - F (9 x 5 = 45 hours), so 5 hours overtime and Saturday - is 6 hours (6 + 5 = 11 hours overtime through Sat).

2. $12 x 1.5 = $18 per hour overtime rate; 18 x 11 = $198 through Sat.

3. Sunday: $12 x 2 = $24 per hour; $24 x 4 = $96 on Sun.

4. $198 + $96 = $294

Sandra earned $294 in overtime.

4 0

4 years ago

cnn.com runs a story reporting that the consumer confidence index has risen. having taken an economics class, you predict that s

klemol [59]

As a result of Consumer Confidence Index rising, spending in the economy will increase and aggregate demand will rise.

Consumer Confidence Index (CCI) refers to how optimistic people are about their finances. When the CCI is high:

People are more confident in their finances and the ability to make income in future
People will spend more in the economy because they are more confident in their income
Aggregate demand will rise as more people demand goods and services

If the CNN is correct in reporting that the CCI is rising, we can expect that spending in the economy will rise and so will aggregate demand.

In conclusion, spending in the economy will increase and aggregate demand will rise.

<em>Find out more at brainly.com/question/9930012. </em>

8 0

3 years ago

The following bond was quoted in The Wall Street Journal:

lisov135 [29]

If Five bonds were purchased yesterday, and 5 bonds were purchased today. How much more that the 5 bonds cost today is: $75.

<h3>Cost of bonds today</h3>

Using this formula

Bond Yield =Total annual interest of bond / Total current cost of bond at closing

First step is to calculate the Closing bonds

Closing bonds=(96.875 x 10)× 5 bonds

Closing bonds= $968.75 × 5 bonds

Closing bonds= $4,843.75

Second step is to calculate the Next day cost of bonds

Next day cost of bonds=[(96.875 + 1.50) x 10]× 5 bonds

Next day cost of bonds = $983.75 × 5 bonds

Next day cost of bonds= $4,918.75

Third step is to calculate the Cost of bonds today

Cost of bonds today=$4,918.75 - $4,843.75

Cost of bonds today = $75

Therefore If Five bonds were purchased yesterday, and 5 bonds were purchased today. How much more that the 5 bonds cost today is: $75.

Learn more about cost of bonds today here:brainly.com/question/25596583

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2 years ago