If the equilibrium is such that only 12000 units are sold for $27, then the total earnings from the given scenario is $324,000. The supply equation would then be,
supply: 324000 = 6p ; p = 324000/6 = 54000
demand: 324000 = 69p ; p = 324000/69 = 4695.65 ≈ 4696
Answer:
The edge length will be equal to 4 inches.
Step-by-step explanation:
The volume of a cube = s * s * s (in which s represent side of the cube)
V = s * s * s
V = s³
64 = s³
64 = 4³
So edge length of the cube will be 4 inches.
356 days in a year / 7 days in a week = 50.8 weeks in a year
50.8 weeks in a year / 6 weeks = 8.48 payments
$156 x 8.48 payments = $1322.88 per year
Multiply all the numbers together to get your answer.
