Firm A manufactures brake pads, a component of a braking system, and sells them to Firm B, who sells braking systems used in veh
1 answer:
You might be interested in
Answer:
a) Qs = 50 + 20p - 7ps
= 50 + 20p - 7×(2)
= 50 + 20p - 14
= 36 + 20p
At equilibrium, =
So, 150 - 10p + 5 = 36 + 20p
So, 20p + 10p = 30p
= 150 - 36 + 5
= 114 + 5
So, p = (114/30) + (5/30)
= 3.8 + 0.17
Thus, = 3.8 + 0.17
Q = 36 + 20p
= 36 + 20(3.8 + 0.17)
= 36 + 76 + 3.4
= 112 + 3.4
Thus, = 112 + 3.4
b) = 3.8 + 0.17
= 3.8 + 0.17×(5)
= 3.8 + .85
= 4.65
= 112 + 3.4
= 112 + 3.4(5)
= 112 + 17
= 129
c) Qd = 150 - 10p + 5pb = 150 - 10(2.5) + 5(5) = 150 - 25 + 25 = 150
Qs = 36 + 20p = 36 + 20(2.5) = 36 + 50 = 86
Thus, there is excess demand as >
d) New = 180 - 10p + 5
= 180 - 10p + 5×(5)
= 180 - 10p + 25
= 205 - 10p
Now, new =
gives,
205 - 10p = 36 + 20p
So, 20p + 10p = 205 - 36
So, 30p = 169
So, p = 169÷30
So, = 5.63
Q = 205 - 10p = 205 - 10×(5.63) = 205 - 56.3 = 148.7
So, = 148.7
Answer:
Therefore I can borrow $19646.12 from E-Loan.
The interest I will pay for the loan is $1,857.88.
Explanation:
The formula of present value is
PMT = The monthly payment = $448
i= Rate of interest per period
n = The number of month = 48 months
Therefore
≈$19646.12
Therefore I can borrow $19646.12 from E-Loan.
The interest = Paid amount - Loan amount
=$[(448×48)-19646.12]
=$1,857.88
The interest I will pay for the loan is $1,857.88.
Hey im trying to answer it, it keeps saying im adding a link or bad words. Im new here so im not sure what to do about that. Did you maybe do something to cause that?
