Should i study buisness like is it hard

Suppose demand and supply are given by Qd = 60 - P and Qs = 1.0P - 20.

seraphim [82]

Answer:

a. Equilibrium quantity: 40 units; Equilibrium price: $40.

b. Quantity demanded: 10 units; Quantity supplied: 30 units; Surplus: 20 units.

c. Quantity demanded: 9 units; Quantity supplied: 31 units; Shortage: 22 units.

Explanation:

a. The equilibrium quantity occurs when the demanded and supplied quantity are the same, the price for which this situation happens is:

$60 - P = 1.0P - 20.\\2P=80\\P=\$40$

At an equilibrium price of $40, the equilibrium quantity is:

$Q = $40 -20 = 40\ units$

b. At a price of $50, the quantity demanded, the quantity supplied, and the magnitude of the surplus are, respectively:

$Q_d = 60 - P =60-50 =10\ units\\Q_s = 1.0P - 20=50-20 = 30\ units\\Surp = Q_s - Q_d = 30 -10 = 20\ units$

c. At a price of $29, the quantity demanded, the quantity supplied, and the magnitude of the shortage are, respectively:

$Q_d = 60 - P =60-29 =31\ units\\Q_s = 1.0P - 20=29-20 = 9\ units\\Short = Q_d - Q_s = 31 -9 = 22\ units$

8 0

3 years ago

Jenner works for a mountain bike manufacturing company. His company is being sued by hundreds of customers who have been injured

liberstina [14]

The law suit that The customers are going to give here is based on the product liability.

<h3>What is a product liability?</h3>

This is a suit that is made against a company due to the fact that they allowed a defective good to be bought by a consumer.

The company is being sued due to the fact that the customers are injured fron the defective bicycle.

Read more on product liability here: brainly.com/question/25754997

8 0

2 years ago

You receive an email "You won a Ford Bronco, Click the link to retrieve your prize."

Mumz [18]

When you get a phishing email, your response should be as follows:

B. Check for phishing by hovering over the hyperlink, checking the sender's name, and reviewing for improper grammar and misspelled words.

E) Click the "Report Phish" button to report the suspicious email.

<h3>What is email phishing?</h3>

Email phishing is the sending of fraudulent messages to trick recipients into revealing sensitive information by making them think that they had become extremely lucky without participating in any lottery or game.

When email phishing is received, do not click the link or forward the email to another person. You do not need to respond to the sender, asking for its legitimacy.

2. The best way to navigate through the knowledge CHECK is <u>A. Click the Back button</u> to return to the video.

Thus, when you get a phishing email, your response should be <u>Options B and E</u>.

Learn more about email phishing at brainly.com/question/2547147

4 0

1 year ago

At the end of the year, overhead applied was $42,000,000. Actual overhead was $40,300,000. Closing over/underapplied overhead in

scoundrel [369]

Answer:

Hence, closing over overhead into Cost of Goods Sold would cause net income to increase by $ 1,700,000

Explanation:

Overheads are charged to units produced by the means of using an estimated overhead absorption rate. This rate is computed using budgeted overhead and budgeted activity level.

As a result of this, overhead charged to total units product might be over or under absorbed compared to the actual amount incurred.

Over applied overhead = Applied overhead - Actual overhead

= 42,000,000 - 40,300,00 = 1,700,000

Over applied overhead = $ 1,700,000

The adjustment required is to reduce the cost of gods sold by the amount of over-applied overhead because the cost of goods sold figure is would have over charged.

Hence, closing over overhead into Cost of Goods Sold would cause net income to increase by $ 1,700,000 because net income and cost of Goods Sold are inversely related.

4 0

2 years ago

The penalty for a substantial understatement is triggered when ____

zysi [14]

Answer:

The correct answer is A

Explanation:

A substantial understatement may occur when tax return is understated by an amount greater than 10% of the tax required to be shown on the tax return.

Example: If a tax payer that is suppose to report a $6000 tax due and choose to report a $2000 instead, to know if a penalty will be charged or not it has to be greater than 10% of the amount which is suppose to be reported (i.e $6000 x 10% = 600) . therefore in the case shown above the penalty will be applied

3 0

3 years ago