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lorasvet [3.4K]
3 years ago
13

The town of snowville is concerned that its rental property market is overpriced. the demand for rental housing is p = 48 - 2q,

while the supply of rental housing is p = 12 + q. if the town imposes a price ceiling of 16 dollars, and the quantity demand will be ___ while quantity supply will be ___.
Business
1 answer:
goblinko [34]3 years ago
6 0
For this case what you should do is to clear q in both equations with a price of p = 16 $
 We have then:
 For the demand
 p = 48 - 2q
 q = (48 - p) / 2
 q = (48 - 16) / 2
 q = 16
 For the supply:
 p = 12 + q
 q = p-12
 q = 16-12
 q = 4
 Answer:
 if the town imposes a price ceiling of 16 dollars, and the quantity demand will be 16 while quantity supply will be 4.
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The price of the refrigerator before markup will be $325. This can be calculated by reversing the markup in the price of the refrigerator.

<h3>What is Markup?</h3>

Markup basically refers to the difference between the selling price of a good and its cost. The markup is generally expressed as a percentage and is added to the cost of the good to ensure cost cover and earn profit.

For the given question, the before markup price can be calculated as:

Given:

\rm \:\:After\: markup\:price = \$406.25\\\\Markup\:percentage\:\: = 25\%

Makeup is the addition to the original price of a good. The after markup price can be taken as 100% + 25% = 125% of original price.

Then original price can be calculated as:

\rm x = \$406.25 \times \dfrac{100}{125}\\\\x = \$325

Therefore the before markup price is $325.

Learn more about markup here:

brainly.com/question/5189512

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3 years ago
A woman arrives at the clinic for a pregnancy test. The first day of her last menstrual period (LMP) was February 14, 2013. Her
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Answer:

a) November 21, 2013

Explanation:

The expected date of birth (EDB) would be calculated using Naegele's Rule and it is based on a normal 28 days menstrual cycle. The steps are as follows:

First, we need to identify the first day of the last menstrual period (LMP). Then we would count it back to three calendar months from that date. Finally, we would add 1 year and 7 days to that date.

In which case, the first day of LMP is February 14, 2013. Going back three months the date would be November 14, 2012. Finally, when we add 1 year and 7 days it would bring you to November 28, 2013, as the estimated due date.

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3 years ago
While waiting in line to buy two tacos at 75 cents each and a medium drink for 80 cents, Jordan notices that the restaurant has
frozen [14]

Answer:

55 cents

Explanation:

75 cents each for a taco

$1,50 for two tacos (75×2)

80 cents for a medium drink

Total cost =1.50+0.80=$2.30

Additional taco =2.30+0.75=$3.05

Value meal =$2. 50

The marginal cost for Jordon to purchase an additional taco instead of the value meal =

3.05-2.50=55 cents

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4 years ago
Brooklyn has been contributing to a traditional IRA for seven years (all deductible contributions) and has a total of $30,000 in
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Answer: $13,200

Explanation:

Given that,

Contributing to a traditional IRA = 7 years

Total in account = $30,000

Withdrawal from IRA to help pay for the car = $20,000

marginal tax bracket = 24 percent

Therefore,

After tax withdrawal:

= Withdraws - 10% penalty as per IRS for early withdrawal - 24% tax on $20,000

= $20,000 - 0.1 × 20,000 - 0.24 × 20,000

= $20,000 - 2,000 - 4,800

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6 0
3 years ago
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Answer:

$7,200

Explanation:

According to the scenario, computation of the given data are as follows,

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So, we can calculate depreciation expense by using following formula,

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= $72,000 ÷ 10

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7 0
3 years ago
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