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
Ulleksa [173]
4 years ago
13

Suppose that the demand curve for wheat is Upper Q equals 120 minus 10 p and the supply curve is Upper Q equals 10 p. The govern

ment imposes a price ceiling of p overbar equals $ 4 per unit. a. How do the equilibrium price and quantity​ change? ​(round quantities to the nearest integer and round prices to the nearest​ penny) The equilibrium quantity without the price ceiling is nothing and the price without the price ceiling is ​$ nothing. The equilibrium quantity with the price ceiling is nothing.
Business
1 answer:
Alex777 [14]4 years ago
6 0

Answer:

$6; 60 units

40 units

Explanation:

Given that,

Demand curve: Q = 120 - 10P

Supply curve: Q = 10P

Government imposes a price ceiling = $4 per unit

Without price ceiling,

At equilibrium,

Supply = Demand

10P = 120 - 10P

20P = 120

P = $6 (equilibrium price)

Equilibrium quantity = 120 - (10 × 6)

                                  = 120 - 60

                                  = 60 units

With price ceiling of $4 per unit,

Equilibrium quantity:

= 10P

= 10 × 4

= 40 units

You might be interested in
Country X has currency C1 and Country Y has currency C2. The nominal exchange rate C2/C1 and GDP deflator P for Country X and P*
Kaylis [27]

Answer:

Explanation:

a)  

Year             percentage increase

2011               21.21162

2012       14.35054

2013       20.62696

b) Assuming C1 is the domestic currency, an increase in E will cause price of C2 in term of C1 to;   Decline

c) If the value of e decrease, given that E is increasing, then Country Y would be experiencing a lower rate of inflation compared to Country X  

d) if foreign goods are relatively less expensive compared to the domestic goods and assuming that the nominal exchange rate of the currencies is equity, then there is disparity in the real exchange rate.

3 0
3 years ago
Warren Company plans to depreciate a new building using the double declining-balance depreciation method. The building cost $800
nadezda [96]

Answer:

Option (C) is correct.

Explanation:

Here, we are using the double declining-balance depreciation method:

Given that,

Building cost = $800,000

Estimated residual value of the building = $50,000

Expected useful life = 25 years

Annual depreciation rate as per straight line method:

= 100 ÷ 25 years

= 4% per year

Hence, depreciation as per double decline balance method:

= 2 × Annual depreciation rate as per straight line method × Beginning value of each period

In year 1,

Ending value = Beginning value - Depreciation

                      = $800,000 - (2 × 4% × $800,000)

                      = $800,000 - $64,000

                      = $736,000

In year 2,

Depreciation = 2 × 4% × $736,000

                      = $58,880

5 0
3 years ago
The primary difference between a change in supply and a change in the quantity supplied is: Select an answer and submit. For key
kipiarov [429]

Answer:

D

Explanation:

A change in quantity supplied is as a result of a change in the price of the good. This change in the price leads to a movement along the supply curve. If price increases, there is an upward movement up along the supply curve and if there is a decrease in price, there is a movement down the demand curve.

A change in supply is caused by other factors other than price. Some of these factors include :

  • A change in the number of suppliers
  • The cost in the price of raw materials needed in the production of the good.

A change in supply leads to a movement outward or inward

3 0
3 years ago
For each situation described here, determine the type of unemployment:(a) steelworkers losing their jobs due to outsourcing.
topjm [15]

Structural unemployment. This type of unemployment is the result of changes in industries and reorganization, typically as the result of technology or outsourcing for lower costs.

5 0
3 years ago
Suppose you know a company's stock currently sells for $90 per share and the required return on the stock is 15 percent. You als
Bingel [31]

Answer:

$ 3.87

Explanation:

It is given that :

Cost of the company's stock per share = $ 90

The required return on the stock is = 15 %

Therefore, the dividend yield = $\frac{9}{2}=4.5$

We known that

$\frac{\text{dividend in one year}}{\text{current price}}=0.045$

$D_1=0.045 \times 90$

     = 4.05

The current dividend is,

$D_0= \frac{4.05}{1.045}$

    = $ 3.87

7 0
3 years ago
Other questions:
  • Porsche AG uses the label "Top Guns" to describe one segment of its customers, namely those who care about power and control and
    13·2 answers
  • Smith was employed as a salesman for borden, inc., which sold food products in 63 counties in arkansas, 2 counties in missouri,
    11·1 answer
  • Driving at slower speeds than traffic flow _____________ .
    6·1 answer
  • Whizz soda aired its TV commercial during the season premiere of Detective Drake. Subsequently, it also aired the commercial dur
    14·1 answer
  • A firm with a cost of capital of 10% is evaluating two independent projects utilizing the internal rate of return technique. Pro
    5·1 answer
  • The following data were taken from the records of Clarkson Company for the fiscal year ended June 30, 2017.Raw Materials Invento
    15·1 answer
  • A company that specializes in pool and spa installations plans to buy TV commercial time during a home improvement program on a
    11·1 answer
  • Communication may account for as much as____ of a hiring decision.
    11·2 answers
  • Your firm expects sales of $672,500 next year. The profit margin is 4.6 percent and the firm has a dividend payout ratio of 15 p
    7·1 answer
  • One of the disadvantages of using customer value propositions is that they are complex and difficult to understand. True False
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!