1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
nevsk [136]
4 years ago
13

The market equilibrium point for a product is reached when 11000 units are produced and sold at $24 per unit. The manufacturer w

ill not produce any units at the price of $3, and the customers will not buy any at the price of $61.Find the supply and demand equations, assuming they are linear. The equations should express price p in terms of quantity q.
Business
1 answer:
iris [78.8K]4 years ago
5 0

Answer:

Explanation:

  • Let the demand equation be P = X + YQ
  • at P = $24, Q = 11000units
  • 24 = X + 11000Y.............equation 1
  • when P = $61, Q = 0units
  • 61 = X

Substitute the value of X in equation 1

  • 24 - X = 11000Y
  • Y = 24 - 61 /11000
  • Y = - 0.00336
  • hence demand equation ; P = X + YQ , P =61 - 0.00336Q

Similarly, let the supply equation be P = Z + wQ

  • at P = $24, Q = 11000units
  • 24 = Z + 11000w....................equation 2
  • at P = $3, Q = 0
  • from equation P = Z + wQ, 3 = Z
  • hence Z = 3

Substitute the value of Z in equation 2

  • 24 = Z + 11000w, but Z = 3
  • 24 - 3/11000 = w
  • w = 0.00191
  • hence the supply equation becomes, P = 3 + 0.00191w
You might be interested in
Decisions made during the supply chain design phase regarding significant investments in the supply chain, such as the number an
Mars2501 [29]

Answer:

The correct answer is True.

Explanation:

A good supply chain aims to maximize the profitability of the company while trying to provide the best service in order to obtain a high degree of customer satisfaction. That is why, when planning the design, it must be customer oriented and not only focused on the company.

Steps prior to the design of the supply chain

When designing the supply chain, there are several points to consider in order to obtain a coherent and functional design.

  • The members that become part of the chain. The first thing to be fixed are the members that are part of the chain, since this will be the guide to go through the rest of the steps. Within this, a subdivision could be carried out, but it is worth mentioning that an agent can be a principal or support agent jointly depending on the work to be done at each moment:
  • Principal. They are the ones that provide direct value to the product or service.
  • Of support. They are those members whose function is to provide information or resources to the main members, such as banks.
  • Structure that forms the chain, that is, all the phases through which a product / service passes in order to be marketed as such. At this point we must try to be as meticulous as possible and always add as much as possible all the phases that are involved, both in manufacturing and in supply.
  • Processes and flows that are carried out in each of the structures mentioned above.
8 0
3 years ago
Madison Corporation reported taxable income of $400,000 in 20X3 and accrued federal income taxes of $136,000. Included in the co
kap26 [50]

Answer:

A) $424,000

Explanation:

Madison Corporation's current earnings and profits for 20x3 would be:

reported taxable income - accrued federal income taxes + regular depreciation - E&P depreciation + net capital loss carryover =

$400,000 - $136,000 + $200,000 - $60,000 + $20,000 =  $424,000

5 0
3 years ago
Immediately after a hurricane, it is likely that the quantity demanded for tree cutting/removal services will ______ the quantit
kotykmax [81]

Answer:

Immediately after a hurricane, it is likely that the quantity demanded for tree cutting/removal services will "Remain" the quantity supplied, causing the price of tree cutting/removal services to ''Rise''

Explanation:

3 0
3 years ago
Newell Rubbermaid Inc. manufactures and markets a broad array of office products, tools and hardware, and home products under a
ValentinkaMS [17]

Income Taxes Using appropriate headings and subtotals prepare a multiple-step consolidated income statement.

An Income tax is a tax imposed on people or entities in admire of the income or profits earned by way of them. income tax generally is computed because the manufactured from a tax price instances the taxable earnings. Taxation fees can also vary by using the kind or characteristics of the taxpayer and the type of profits.

                Consolidated Income statement

                Particulars                                    Amount

Net Sales                                               $ 5,864. 6

Less: Expenses                                      

Cost of Products sold                         = $ 3,6594.4

           Gross Profit                               = $2,205.2

Less: Operating expenses                            

Selling general, and administrative expenses    $ 1,515.3

Other expenses                                                     $ 432.7

          Operating Income                                   = $ 275

Less: Non-operating expenses

Interest and other non-operating expenses   $ 104.7

 Income before Taxes                                   = 152.5

Less: Income Tax expense                            $ 17.9

 Income after Taxes                                   = $134.6

Less: Loss on sale of Discontinued Operations

(net of income taxes)                                            $9.4

          Net Income                                                   $ 125.2

Learn more about  Net Income here:-brainly.com/question/15530787

#SPJ4

6 0
2 years ago
Help Please NO FAKE ANSWERS PLEASE I REALLY NEED HELP (economics)
soldier1979 [14.2K]
If your a busy small business owner, taking time away from your store makes you less efficient. The trade offs for using this premium service are 1. your spending more money 2. control over quality. Vise versa if your paying more for the “best groceries” then that may not be an issue. Also be aware that another issue is stocking, going to the store yourself does not guarantee that the store will have all items in stock when you go. 3. Time, taking time to grocery shop takes away from your business or the cost of an employee to watch the business or do the shopping for you having you rely on a third party’s judgment. 4. Gas, the cost of gasoline to go to and from the store. If all these are added up then you are essentially paying more for your “in person” groceries as it is. Choosing to grocery shop yourself saves you money (although how much? Once everything is taken into account?) but again the time it takes away is significant. For a busy small business owner time is extremely important and this is why the trade off of cost or added expenses for groceries may be worth it. (I hope this helps guide you in answering this question).
3 0
3 years ago
Other questions:
  • If inputs increase by 15% and outputs increase by 15%, what is the percentage change in productivity?
    9·1 answer
  • Last week you and a friend went to an electronics store. you purchased a television for $600 and your friend bought a video game
    12·1 answer
  • Pepper Company reports a $120,000 increase in inventory and a $40,000 increase in accounts payable during the year. Cost of Good
    12·1 answer
  • Using the expanded accounting equation, calculate and enter the answers for each question. You will need to use the answers you
    6·1 answer
  • Accounts payable $36,500, Accounts receivable $46,500, Capital stock $100,000, Cash $46,000, Dividends $10,000, Goodwill $47,000
    15·1 answer
  • Cedric Company recently traded in an older model of equipment for a new model. The old model’s book value was $252,000 (original
    8·1 answer
  • Splish Brothers Inc. accepted a national credit card for a $11200 purchase. The cost of the goods sold is $7200. The credit card
    6·1 answer
  • The subject of the auditing procedure inspecting is least likely to be: a. lease agreements. b. physical assets. c. personnel. d
    6·1 answer
  • Rounding in the calculation of monthly interest rates is discouraged. Such rounding can lead to answers different from those pre
    12·1 answer
  • Fisher Inc. wants to bring radical change to the current skills that exist in the organization, so they are going to employ ____
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!