Answer:
I used an excel spreadsheet since there is not enough room here
Explanation:
I believe the answer is:
High school athletes stop shopping there.
The inventory of sports socks goes unsold.
High school athletes tend to need the type of shoes that help in their mobility and tend to posses high level of endurance. These characteristics do not exist in Dress shoes. When high school athletes stop buying their shoes on the store, the number of stocks in the inventories tend to stay stagnant since it could not find customers.
To answer this item, we let x be the current number of chairs. After adding 50 chairs to the current inventory, the total number of chairs would then be equal to x + 50. The equation that would allow us to determine the value of x is written below.
x + 50 = (3/2)(x)
Simplifying the equation,
x + 50 = 3x/2
x - 3x/2 = -50
-x/2 = -50
Dividing both sides of the equation by -1/2, the value of x is equal to 100.
To increase the inventory by 40%, the equation would be,
y = x(1.4) = 1.4(100) = 140
<em>ANSWER: 140 chairs</em>
The World Trade Organization (WTO) is the global international organization that deals with trade rules between different nations. The World Bank handles all financial assitance with developing countries around the world. Though they both help different nations, one handles the trade between nations and the other handles financial monetary assets.
Answer:
Explanation:
Producer surplus can be defined as the difference between how much a person can receive by selling a good at the market price versus how much a person would be willing to accept for the given quantity of good.
The Perfect Price Discrimination (1st degree price discrimination) will occur when an organization charges a different price for every unit consumed.
Producer surplus is formally given as PS = TR( q ppdm ) 0 q ppdm MC(q)dq
Where TR is the Total Revenue
For total cost and the definite integral of marginal cost over the range of output, we find that PS = TR( q ppdm ) TC( q ppdm ).
That is the sum of the consumer surplus and producer surplus is the total gains from trade.
