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2 years ago

How does supply and demand inform the choices of consumers and business owners?

1 answer:

6 0

In the sale of goods and services, price is determined by the interaction between supply and demand. In a graph, the point where the supply curve and demand curve intersect is called the equilibrium point. This point corresponds to the equilibrium price, the one a business should seek to charge. If suppliers charge a price higher than equilibrium a surplus will result. If they charge less a shortage will result

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RideShare offers short-term rentals of vehicles that are kept in small lots in urban neighborhoods with plenty of potential cust

Free_Kalibri [48]

Answer:

a. Offered load = 1 lot / 4 hours = 6 cars/4 hours = 1.5 cars/hours

b. Demand rate = Total cars per 4 hours/20 minutes time

Demand rate = 6*4 / 20

Demand rate = 24/20

Demand rate = 1.2 cars/hours

Implied utilization = Demand rate / Offered load

Implied utilization = 1.2/1.5

Implied utilization = 0.8

Implied utilization = 80%

c. Capacity of the process = 1 lot / 5 hours

Capacity of the process = 6 / 5

Capacity of the process = 1.2 rentals per hours

d. Probability that all eight cars are rented at the same time

=> (1 - 0.8) * (0.8)^8

=> 0.2 * 0.1678

=> 0.03356

=> 3.36

5 0

2 years ago

Our company sells flat screen tvs to retailers for $1,000. The total fixed costs for plant operation is $60,000. It costs us $70

Sedbober [7]

Answer:

<h3>i don't know i have no answer to</h3>

Explanation:

sorry again i need answer too,anyone

4 0

2 years ago

The First National Bank has total deposits of $675,000 and excess reserves of $22,300. If the required reserve ratio is 9 percen

Nookie1986 [14]

Answer: $83050

Explanation:

Based on the information given in the question, the total reserves of First National Bank will be given as follows:

Total deposit = $675000

The Required reserve ratio will be:

= 675000 × 9%

= 675000 × 9/100

= $60750

Since the bank has excess reserves of $22,300, then the total reserve will be:

= $60750 + $22300

= $83050

3 0

2 years ago

Pacific Packaging's ROE last year was only 3%, but its management has developed a new operating plan that calls for a debt-to-ca

777dan777 [17]

Answer:

Explanation:

Total asset turnover = Sales/total assets

3.2= 14000000/Total assets

Total assets = 4375000

E/A = 1-D/A = 1-0.45 = 0.55

Equity = E/A*assets = 0.55*4375000=2406250

Net income = (EBIT-interest)*(1-tax rate)

=(1344000-546000)*(1-0.25)=598500

ROE = Net income/total equity

ROE% = 598500/2406250=0.248

ROE% = 24.8

6 0

2 years ago

When you visit the executive assistant to request important changes to a spreadsheet, he is hard at work, e-mailing clients. The

valkas [14]

Answer:

he values your time

Explanation:

In this specific scenario, the executive assistant is expressing nonverbally that he values your time. This is expressed by him stopping what he was doing in order to pay attention to what you have to say to him when you enter the room. Since the work that he is doing (e-mailing clients) is incredibly important, the simple act of him stopping shows that your time is more important to him.

6 0

2 years ago