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asambeis [7]
3 years ago
15

At a unit price of $992, the quantity demanded of a certain commodity is 74 pounds. If the unit price increases to $1034, the qu

antity demanded decreases by 21 pounds. Find the demand equation (assuming it is linear) where p is the unit price and x is the quantity demanded for this commodity in pounds.
Business
1 answer:
Valentin [98]3 years ago
7 0

Answer:

Price= -0.79 Quantity demanded +1050.64

Explanation:

x1= 74          x2= 21

y1= $992     y2= $1034

If we have two x values ( in this case the independent variable is quantity demanded) and if we have two Y values ( in this case the dependent variable is price) we can calculate the slope (m) of the equation by using this formula:

m= (y2-y1)/(x2-x1)

m=(1034-992)/ (21-74)

m= -0.79

To find the equation we use this formula:

Y-y1= m (X-x1)

We can use either of the points the problem gives us.

Y-992= -0.79 (X-74)

Y-992= -0.79 X + 58.64

Y= -0.79 X+ 58.64+992

Y= -0.79X +1050.64

Price= -0.79 quantity demanded +1050.64

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yKpoI14uk [10]

Answer:

Standard direct material cost= $306,000

Explanation:

Giving the following information:

Cullumber Products plans to produce 10,200 units in January. Each unit requires 6 pounds of plastic, which costs $5 per pound.

<u>First, we need to calculate the standard pounds needed:</u>

Standard pounds of plastic= 10,200*6= 61,200 pounds

<u>Now, the standard cost:</u>

Standard direct material cost= 61,200*5

Standard direct material cost= $306,000

3 0
3 years ago
Choose the best answer:
Juli2301 [7.4K]

Answer:

Option B is correct.

Explanation:

Option A is incorrect because the expected return must be greater than the marginal cost of the capital which means that the Net Present Value must be positive.

Option B is correct because the increase in cost of debt or capital would increase the weighted average cost of capital. This is because weighted average cost of capital is directly proportional to cost of capital sources.

Option C is incorrect because its not the cost of one of the capital sources, actually it is the weighted average cost of capital which when starts increasing at a point due to increase in the level of financing is known as breaking point.

So the only statement that is correct is option B.

Kindly don't forget to rate the answer. Thanks

3 0
3 years ago
Suppose that Sheldon and Leonard can either run errands or wash dishes. The time it takes each of them to accomplish one of thes
MrMuchimi

Answer: Sheldon focuses or specialize on running errands and Leonard in washing dishes;

they trade at 1 errand run per 20 dishes washed

Explanation:

Sheldon focuses or specialize on running errands and Leonard in washing dishes; thus this the individual specialization

they trade at 1 errand run per 20 dishes washed this is the terms of trade they both can agree on.

6 0
3 years ago
how much does a cardiologist surgeon who has done 6 years of residency earns in Australia(in US dollar)??​
babymother [125]

Answer:

Explanation:

The base pay rate is about 350,000 Aus dollars. This morning the Aus$ had an exchange rate of 1 Aus$ = 0.7001 US dollars, so that means the base rate is about 0.7 * 350000 = 245,000 US dollars. I don't know what the 6 years does to the equation.

5 0
3 years ago
A bond with 16 years to maturity and a semiannual coupon rate of 4.93 percent has a current yield of 5.29 percent. The bond's pa
zhannawk [14.2K]

Answer:

Price of bond= $1,922.92

Explanation:

<em>The value of the bond is the present value(PV) of the future cash receipts expected from the bond. The value is equal to present values of interest payment plus the redemption value (RV). </em>

Value of Bond = PV of interest + PV of RV  

Semi-annual interest = 4.93% × 2,000 × 1/2 =49.3

Semi-annual yield = 5.29%/2= 2.65%

PV of interest payment

PV = A (1- (1+r)^(-n))/r

A- 49.3, r-0.02645, n- 16×2

= 49.3× (1-(1.02645)^(-10)/0.02645)  

= 1,055.521

PV of redemption Value

<em>PV = F × (1+r)^(-n) </em>

F-2000, r-0.02645, n- 16 ×2

PV = 2,000 × 1.02645^(-16×2)

PV = 867.402

Price of Bond  

1055.52  + 867.40 =1,922.92

= $1,922.92

4 0
3 years ago
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