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
Ber [7]
3 years ago
9

Suppose that the market demand for 32-oz. wide mouth Nalgene bottles is Q = 50,000p^-1.076, where Q is the quantity of bottles p

er week and p is the price per bottle. The market supply is Q = 0.01p^7.208. What is the equilibrium price and quantity? What is the consumer surplus? What is the producer surplus?

Business
1 answer:
Natasha_Volkova [10]3 years ago
4 0

Answer:

Equilibrium price and quantity

$6.44 and 6768

Consumer surplus

$571,081

Producer Surplus

$5,288

Explanation:

In this question, we are asked to calculate equilibrium price and quantity, consumer surplus and producer surplus.

Please check attachment for complete solution and step by step explanation

You might be interested in
Depreciating assets:
tatyana61 [14]
Become less valuable over time
8 0
3 years ago
On March 15, 2015, Viking Office Supply agrees to accept $1,200 in cash along with a $2,800, 60-day, 15 percent note from R. Roy
ira [324]

Answer:

The Journal entry with their narrations is shown below:-

Explanation:

The Journal entry is shown below:-

Cash Dr,                                     $1,200  

Notes Receivable Dr,                $2,800  

To Accounts Receivable -R. Roy            $4,000

(Being office supply of Vikram is recorded)

Therefore for recording the office supply we simply debited cash and notes receivable and credited the accounts receivable

5 0
4 years ago
Give one word for the following.
Lyrx [107]

Answer:

a fired

b quit

Explanation:

involuntary is not by choice

voluntary is by choice

4 0
3 years ago
Which of the following is a major difference between Internet banks and traditional banks? The government does not regulate Inte
Aloiza [94]

Answer:

Internet Banks have lower overhead costs.

Explanation:

Online Banks and traditional banks are basically the same with the main difference being that Internet Banks have lower overhead costs. These are costs on the income statement usually including accounting fees, advertising, insurance, interest, legal fees, labor burden, rent, repairs, supplies, taxes, telephone bills, travel expenditures, and utilities. Since Internet Banks do not need many physical locations they save on many of these overhead fees.

3 0
3 years ago
Which of the following sections of a business plan comes first but should be written last?
8090 [49]

Answer:

B. Executive Summary

Explanation:

Executive Summary is a business plan which comes first and should be written last

3 0
3 years ago
Other questions:
  • Question 1 Saved
    15·1 answer
  • To effectively run a business, it is necessary to:
    9·1 answer
  • On October 1, 2019, Paige Turner Publishing received $60,600 in cash for subscriptions covering one year, recording the entry as
    9·1 answer
  • Runaround Corporation sells running shoes and during January they ran production machines for 23,000 hours total and incurred $
    6·1 answer
  • If the price elasticity of supply is 0.6, and a price increase led to a 3.7 percent increase in quantity supplied, then the pric
    12·1 answer
  • In economics, what is the meaning of the phrase 'the tragedy of the commons?' Goods that are not rivalrous but are excludable ar
    9·1 answer
  • Show Me How On February 22, Stewart Corporation acquired 12,000 shares of the 400,000 outstanding shares of Edwards Co. common s
    5·1 answer
  • You just borrowed money for four years to buy a car. The payments are $218 a month and the APR is 7 percent. How is the EAR comp
    14·1 answer
  • Online investment information is almost always complete and reliable.
    5·1 answer
  • What topic should not be discussed in a salon (Cosmetology) ​
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!