Are these competitive markets?

Suppose that the demand for rental apartments in Washington, DC, is represented by the following equation, where P is the monthl

Alekssandra [29.7K]

The equilibrium rent is $1600 while the equilibrium quantity is 6800

When quantity demanded is equal to the quantity supplied, the market is said to be in equilibrium. The price at this point is equilibrium price. The quantity at at this point is equilibrium quantity.

In order to determine equilibrium price, equate the quantity demanded and quantity supplied equation

QD = QS

10,000 – 2P = 2,000 + 3P

Combine similar terms

10,000 - 2,000 = 3P + 2P

8000 = 5P

P = $1600

Substitute for monthly rent in the quantity demanded equation

10,000 - 2(1600)

10,000 - 3200

Equilibrium quantity = 6,800

A similar question was solved here: brainly.com/question/14746196?referrer=searchResults

7 0

2 years ago

To stay ahead of the competition, organizations have turned to _____________, using information systems to gather and analyze

Anni [7]

Answer: Business intelligence

Explanation: Business intelligence involves the use of analytic methods and technologies to process business information in order to get more positive results from a business.

The information used to carry out this process of analysis can be gotten from within the business or sourced from outside, depending on what needs to be checked.

8 0

3 years ago

Which of the following is a good time management technique

Sauron [17]

A. Knowing how to prioritize

4 0

3 years ago

Read 2 more answers

Ann is considering the purchase of a life insurance policy with these characteristics: flexible premium payments; the insurance

satela [25.4K]

Answer:

C) universal life insurance

Explanation:

According to my research on different life insurance specifications, I can say that based on the information provided within the question Ann is considering buying a universal life insurance policy or UL. This is a policy in which the excess of premium payments above the current cost of insurance is credited to the cash value of the policy, which is credited each month with interest. Which is what Ann seems to be investigating.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

5 0

3 years ago

Lightfoot Inc., a software development firm, has stock outstanding as follows: 40,000 shares of cumulative preferred 1% stock, $

Kitty [74]

Answer:

#1 36,000 preferred

#2 58,000 preferred

#3 58,000 preferred // 17,000 common

#4 50,000 preferred // 74,000 common

Explanation:

preferred stock dividends:

40,000 x $125 each x 1% = 50,000

the common stock will take whatever is left after preferred stock.

first year: $ 36,000

asthe preferred stock are cumulative, there is 14,00 dividends in arrears

second year: $ 58,000

we got the 50,00 for the current year plus the 16,000 in arrears

this amount declared is not enough, there are still 8,00 in arrears

third year: $ 75,000

there is 58,000 dividends for preferred stock

the rest goes for common stock

fourth year: $ 124,000

there is no arrears so the preferred only receive the 50,000 and the rest goes for common shares.

3 0

3 years ago