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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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Basile [38]

Answer:

The correct answer is letter "C": FICA.

Explanation:

FICA (<em>Federal Insurance Contributions Act</em>) tax is a mandatory deduction taken from employees' payment to cover elder American's Social Security and Medicare. It is a 12,4% deduction financed by two parts: half of that amount is taken from the worker's paycheck and the other half is paid by the employer.

7 0
3 years ago
While planning a new product launch, Cassandra knew that the art department was ready to work on the promotional pieces right aw
k0ka [10]

Answer:

A. 1 week

Explanation:

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For the extra week it would have taken to get the paper could not hold again due to the fact that, it was already established that, it would take same day to get same paper rather than waiting for the paper to get to the strategy group in one week.

5 0
2 years ago
A manager checked production records and found that a worker produced 160 units while working 40 hours. In the previous week, th
alukav5142 [94]

Answer:

A. 4; 3.83 units per hour

B. Increases by 4.44%.

Explanation:

Given that,

Current period:

Output = 160 units

Input = 40 hours

Previous period:

Output = 138 units

Input = 36 hours

A. Current period productivity:

= Current period output ÷ Current period input

= 160 units ÷ 40 hours

= 4 units per hour

Previous period productivity:

= Previous period output ÷ Previous period input

= 138 units ÷ 36 hours

= 3.83 units per hour

B. Percentage change in worker's productivity:

= [(change in productivity) ÷ Previous period productivity] × 100

= [(4 - 3.83) ÷ 3.83] × 100

= (0.17 ÷ 3.83) × 100

= 0.0444 × 100

= 4.44%

Therefore, the worker's productivity increases by 4.44%.

3 0
3 years ago
Accourding to the quantity theory of money all countries with the same average annual rates of inlfation must also have the same
xz_007 [3.2K]

True According to the quantity theory of money, if the amount of money in an economy doubles, all else equal, price levels will also double.

Definition: The quantity theory of money states that the money supply and price level in an economy are directly related to each other. When the money supply changes, the price level changes proportionally, and vice versa.

The quantity theory of money states that the price level multiplied by real output is equal to the money supply multiplied by the speed or rotation of the money supply. Speed ​​is generally stable.

Learn more about annual rates at

brainly.com/question/25793394

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4 0
1 year ago
In the context of the stages of organizational decline, which of the following is a difference between the faulty action stage a
balu736 [363]

Answer:

The correct answer is B

Explanation:

Organizational decline happen or occur when the companies or the firms does not anticipate, acknowledge, adapt the external or the internal pressures or neutralize, which threaten the survival of the company or firm.

And in the stage of the faulty action, it arises because of the increasing costs and the decreasing profits and the market share. The management states the plans of the belt tightening, which is established or designed in order to cut the costs, restore the profits and to increase the efficiency.

The stage of crisis, where the dissolution or the bankruptcy is likely to happen unless the firm completely acknowledge the way it does the business. But the companies lack the resources required to fully change how they should run their business.

4 0
3 years ago
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