The question is incomplete. See the attached image for the missing table showing the demand and supply schedule.
Answer/Explanation:
a. Equilibrium price is the price at which Qd = Qs. Hence, equilibrium price = $4, while equilibrium quantity is the quantity demanded at the equilibrium price, i.e. where quantity demanded = quantity supplied. Therefore equilibrium quantity = 8,000
b. At $5, there would be excess quantity supplied, i.e. Qs · Qd = 10,000 · 6,000 = 4,000. Hence, there would be wastage of resources as a result of surplus. This would lead to decrease in price in order to avoid the wastage of resources.
c. At $2, there would be excess quantity demanded, i.e. Qd · Qs = 12,000 · 4,000 = 8,000. This would lead to increase in price as a result of acute shortage in quantity supplied.
Answer:
Increase in total assets by $4,600
Explanation:
Faust sold goods that cost $6,600 for $11,200
Cost of goods sold A/c Dr. $4,600
To inventory $4,600
Account receivable A/c Dr. $11,200
To sales $11,200
(sale was made on account)
Net effect:
= $11,200 - $6,600
= $4,600
Therefore, there is an increase in total assets by $4,600.
Answer:
Net Present Value $ 23,373.49
Explanation:
First, we solve for the expected return:
![\left[\begin{array}{cccc}State&Return&Probability&Weight\\best-case&19,000&0.25&4,750\\base-case&12,000&0.5&6,000\\worst-case&-3,000&0.25&-750\\Total&&1&10,000\\\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bcccc%7DState%26Return%26Probability%26Weight%5C%5Cbest-case%2619%2C000%260.25%264%2C750%5C%5Cbase-case%2612%2C000%260.5%266%2C000%5C%5Cworst-case%26-3%2C000%260.25%26-750%5C%5CTotal%26%261%2610%2C000%5C%5C%5Cend%7Barray%7D%5Cright%5D)
Now, we solve for the present value of this vaue over the four-year period:
C 10,000.00
time 4
rate 0.12
PV $30,373.4935
<u>Last we subtract the investment cosT:</u>
30,373.49 - 7,000 = 23,373.49
Answer: C. respect the customer’s privacy and not ask any further questions.
Explanation:
Since the customer is not willing to share details related to his experience with competitor products, the best thing to do in this case is to respect the customer’s privacy and not ask any further questions.
It's good to respect the privacy of people if they are not willing and ready to give out certain information. In this case, it should be noted that forcibly trying to get the details out of the customer isn't ideal.
Likewise, referring the customer to someone more experienced isn't necessary in thus regard since the customer isn't willing to share any information.
Therefore, the correct option is C.
