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3 years ago

A cost associated with home buying would be:

2 answers:

6 0

Hello, the answer for you question is in fact C. Property taxes. I just took the test and I got a 100% on it, so you can trust me. Have a good day.

Stells [14]3 years ago

5 0

Choice C seems to be the right answer.

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suppose the absolute values of the intercept and slope of the demand function are approximated to be 10 and 3 respectively. if t

egoroff_w [7]

The equilibrium price is $0.5 while the equilibrium quantity is 8.5

From the Demand data that we have in this question,

Slope = 3

Intercept = 10

The demand equation

D = -3p + 10

D = 10 - 3p

The supply data

Slope = 5

Intercept = 6

Supply equation

S = 6 + 5p

D = S

This is because at equilibrium, <u>supply = demand</u>

Therefore,

10-3P = 6+5P

collect like terms

10-6 = 3p+5p

4 = 8p

Divide through by 8

$p =\frac{4}{8} \\\\= \frac{1}{2}$

Equilibrium price = $0.5

The equilibrium quantity

D = 10 - 3*0.5

= 10-1.5

= 8.5

Therefore from the calculation, the equilibrium price is $0.5 and the equilibrium quantity is 8.5

3 0

2 years ago

If you buy a ticket to an outdoor concert but come down with a bad cold on the night of the show, the principle of ____ suggests

Marina86 [1]

Answer:

sunk cost

Explanation:

Sunk cost is cost that has already been incurred and it cannot be recovered. When making future decisions, sunk cost should not be considered.

The money i paid for the ticket is the sunk cost. I should not consider this cost when making the decision of whether to for the concert or not to

5 0

3 years ago

Assume there are currently five firms producing and selling computer chips in the European market. Also assume that the product

irina1246 [14]

Answer: C. Increase

Explanation:

An oligopoly is a market structure in which a few firms dominate. When a market is shared between a few firms, it is said to be highly concentrated. Although only a few firms dominate, it is possible that many small firms may also operate in the market.

Where few firms dominate the equilibrium price will increase because the demand will be high, and this will make the equilibrium price increase.

3 0

3 years ago

Read 2 more answers

Why does manufacturing's multiplier effect matter to an economy?

irga5000 [103]

Answer:

It has a greater impact than service industries.

Explanation:

6 0

2 years ago

Radovilsky Manufacturing Company, in Hayward, California, makes flashing lights for toys. The company operates its production fa