Answer:
(a) P = 80 and Q= 100
(b) P = 80.57 and Q= 97.15
(c) Tax revenue = 194.3
Explanation:
Qd= 500 - 5P
Qs = 2P - 60
(a)
In equilibrium
Putting this value of P back into the Qd or Qs equation
Thus, equilibrium price is 80 and equilibrium quantity is 100
(b)
When a tax is imposed the supply curve shifts up to the left by the amount of the tax. The new supply curve is given by
The new equilibrium is
Substitute it into Qs or Qd we get
(c)
Iron ore, sugar, grains (rice & wheat)
Answer:
The buyer can sue for specific performance of the contract. In real estate, in order for the buyer to be able to sue for specific performance, he/she must have all the money (or mortgage) ready to finish the transaction. It is very difficult for someone to sue for damages for not wanting to complete the sale of a house because houses are unique in a way that similar houses in different neighborhoods or even streets might be worth a lot more or less.
When you sue for specific performance, the non-breaching party will request that the other party performs their side of the contract.
Positive contributions can labor unions make to organizations pursuing the loyal soldier hr strategy is that the benefits of a stable workforce help maintain high quality.
It helps in the cost reduction by the stable labor force.
It also helps in making the low cost product at a very good quality.
Organisations which are pursuing loyal soldier HR strategy always try to retain employees by providing them with a sense and feel of security which persuades them to work for some lower wages than they could be able to earn in competing firms.
Such organizations try to reduce cost by offering job security in place of high wages.
To know more about the loyal soldier hr strategy here:
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Answer:
$628.49
Explanation:
Cash flows Discount factor Future value
$100 1.1449 $114.49
$200 1.07 $214
$300 1 $300
Future value $628.49
The discount factor is as follows
= (1 + interest rate)^number of years
For $100 the year is 2
For $200 the year is 1
For $300 the year is 0
