Answer:
a) see attached graph. There is nothing unusual with the supply curve, it is simply fixed. This happens to most services, e.g. there is a fixed number of hotel rooms available for rent, in the short run you cannot add more rooms per night if the demand increases. In order to increase the quantity supplied, you would need to build a larger hotel, or in this case, a larger stadium.
b) the equilibrium price is $8 and the equilibrium quantity is 8,000 tickets
c) if the college plans to increase enrollment, the demand might increase, leading to a higher equilibrium price, but the supply will remain the same until the stadium is expanded.
Explanation:
Price Quantity Demanded (Qd) Quantity Supplied (Qs)
$4 10,000 8,000
$8 8,000 8,000
$12 6,000 8,000
$16 4,000 8,000
$20 2,000 8,000
<span>The anser is(B):
Statistics is the science of​ collecting, organizing,​ summarizing, and analyzing information to draw a conclusion and answer questions. in​ addition, statistics is about providing a measure of confidence in any conclusions.
The first step in statics involves collection of the relevant information (data) that is required. This can be from the primary (first hand) source or from secondary source (information already collected and available from other sources)
The second step involves organization and analysis of the collected information or data
Then the last step is where the analyzed data is interpreted and presented in a form which one can be able to draw confident conclusions from it.</span>
Answer: B. producers typically enter a developing ecosystem before consumers.
Explanation: Succession can be described as the series of predictable changes that occur in a community over time.
During the process of Succession,producers typically enter a developing ecosystem before consumers.
Consumers need producers, this is because producers create food for themselves and also provide energy for the rest of the ecosystem.
Answer:
Production= 15,000 units
Explanation:
Giving the following information:
Sales:
Q2=14,000
Q3=18,000
The ending inventory of finished goods for each quarter should equal 25% of the next quarter's budgeted sales in units.
To calculate the production for the second quarter, we need to use the following formula:
Production= sales + desired ending inventory - beginning inventory
Production= 14,000 + (18,000*0.25) - (14,000*0.25)
Production= 15,000 units
2741.67 * 12 = 32900.04 <span>FICA rate is 7.65% </span><span>32900.04 * .0765 = 2516.85 </span>
