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
Alina [70]
3 years ago
11

The demand for apples in the U.S. is Qus = 800 - 20P, and Foreign Demand for apples is Qf = 1200 - 40P, where quantity demanded

is measured in millions of bushels and price is in dollars per bushel. The world demand for apples is therefore
1. Q = 400 - 20P when P is $20 or less.

2. Q = 2000 - 60P when P is $30 or less.

3. Q = 2000 - 220P when P is $30 or less.

4. Q = 400 + 20P for all prices..

The world supply of apples is Qs = 200 + 30P. Therefore, the world equilibrium price for apples is $___ per bushel and the equilibrium quantity of apples is ___ million bushels.

At the equilibrium price, ___ million bushels will be sold in the U.S., and ___ million bushels will be sold in foreign markets
Business
1 answer:
MA_775_DIABLO [31]3 years ago
5 0

Answer:

Option (2) is correct.

$20; 800

400;400

Explanation:

Given that,

Demand for apples in the U.S. : Qus = 800 - 20P

Foreign Demand for apples: Qf = 1200 - 40P

World Demand for apples, Qwd

= Demand for apples in the U.S. + Foreign Demand for apples

= Qus + Qf

= 800 - 20P + 1200 - 40P

= 2,000 - 60P

Equilibrium price for apples is at a point where the world supply is equal to the world demand for apples:

Qwd = Qws

2,000 - 60P = 200 + 30P

1,800 = 90P

P = 20 ⇒ world equilibrium price for apples

Therefore,

world supply of apples is Qs = 200 + 30P

                                                = 200 + 30(20)

                                                = 200 + 600

                                                = 800

At equilibrium Pw = $20

Demand for apples in the U.S. : Qus = 800 - 20P

                                                            = 800 - 20(20)

                                                            = 800 - 400

                                                            = 400

You might be interested in
On December 31, Strike Company has decided to discard one of its batting cages. The equipment had an initial cost of $236,300 an
Studentka2010 [4]

Answer:

Equipment, credit, $229,100

Explanation:

we record the entry when we purchase the equipment is

we debit the equipment, and credit the cash/accounts payable depending on whether we paid the cash or purchased the equipment on account.

We debit the equipment because equipment is our asset, and when asset goes up we debit them. We credit the cash because again cash is our asset and when asset goes down we credit them.

Now at the time of disposal, we want to remove the asset from our balance sheet. Equipment is disposed now. In other words, equipment is our asset, and disposing the equipment means asset goes down, and we show this effect by credit the equipment.

5 0
2 years ago
Which of the following bank services pays the customer compound interest?
Liono4ka [1.6K]
c. savings accounts accrue compound interest.
5 0
3 years ago
All of the following statements related to preparation of the statement of cash flows under U.S. GAAP and IFRS are true except:
iVinArrow [24]

Answer: IFRS permits the classification of cash outflows for interest expense under operating or financing based on which one results in better cash flows from operating activities.

Explanation: The cash flow statement includes only inflows and outflows of cash and cash equivalents; it excludes transactions that do not directly affect cash receipts and payments. These non-cash transactions include depreciation or write-offs on bad debts or credit losses to name a few.

6 0
3 years ago
How did theodore roosevelt distinguish a "good" trust from a "bad" trust? a "good" trust was efficient, and had to be held to st
lisabon 2012 [21]

<span>According to Roosevelt, good trust stayed within reasonable bound whereas, "bad" trust hurt societies general welfare. Roosevelt insisted that it was essential to make the distinction between the two because he had a strong preference to regulate corporations for the public welfare rather than destroy them.</span>

8 0
3 years ago
Read 2 more answers
Keith and Dena Diem have personal property coverage with a​ $250 limit on​ currency, a​ $1,000 limit on​ jewelry, and a​ $2,500
netineya [11]

Answer:

Total Claim = $2416

Explanation:

The coverage on the currency = $250

The coverage on the jewelry = $1000

The limit on the gold, pewter, and silver = $2500

The amount that is stolen:

The amount of cash = $270

The worth of jewelry = $1734

Pewterware = $1666

The miximum coverage = 250 + 1000 + 2500 = $3750

Actual loss = 270 + 1734 + 1666 = $3670

Reimbursement amount = 250 + 1000 + 1666 = $2916

Total Claim = Total Amount Covered – Deductible  

Total Claim = $2916 - $500 = $2416

4 0
3 years ago
Other questions:
  • Identify all of the correct statements:
    7·1 answer
  • In the treaty of Kanazawa,Japan aggred to
    9·1 answer
  • In December ,General Motors produced 7,200 customized vans at its plant in Detroit. The labor productivity at this plant is know
    12·1 answer
  • Simmons gives her child a gift of publicly-traded stock with a basis of $40,000 and a fair market value of $30,000. No gift tax
    10·1 answer
  • true or false all companies will have at least one accounted titled building in their list of accounts
    9·1 answer
  • The substitution effect is the change in the quantity demanded of a good that results fromâ ______________, holding constant the
    6·1 answer
  • If a partnership is liquidated, how is the final allocation of business assets made to the partners? Group of answer choices
    12·1 answer
  • Other factors that should be considered before the final decision is made​ are: ​(Choose all that​ apply.) A. What will be the e
    10·1 answer
  • Discuss how problems (vague orders, back orders) should be handled in messages acknowledging orders.
    11·1 answer
  • Give your suggestions to address the problems and challanges being faced by the migrant workers in foregin employment .
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!