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3 years ago

Suppose that the demand and price for a wrist watch are related by the following equation:

Business

1 answer:

Natasha2012 [34]3 years ago

4 0

Answer:

a. $28

b. $19

c. 800 watches

Explanation:

The equation is

p = D(q) = 28 - 2.25

The equation of the demand would be

P = 28 - 2.25q

a. The price would be

= $28 - 2.25 × 0

= $28 - 0

= $28

b. The price would be

= $28 - 2.25 × 4

= $28 - 9

= $19

The quantity demanded is come in hundreds so we take only 4

c. The quantity woul dbe

$10 = $28 - 2.25q

$10 - $28 = -$2.25q

-$18 = -$2.25q

So q would be

= 800 watches

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3 years ago

A company issued 5-year, 7% bonds with a par value of $500,000. The market rate when the bonds were issued was 6.5%. The company

san4es73 [151]

Answer:

The correct answer is $17,000.

Explanation:

According to the scenario, the given data are as follows:

Bonds percent = 7%

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First we calculate the premium on bonds,

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= $505,000 - $500,000

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= $5,000 ÷ 5

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2 years ago

Ballpark has shares of par common stock outstanding. Ballpark announces a stock split of for1. What is the effect of the split?

Harman [31]

Answer:

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3 years ago