Answer: equilibrium price = 4
Quantity of avocado = 110units
Explanation:
Q = 104 - 40p + 20tp + 0.01Y........eq1
Q = 58 + 15p - 20pf...........eq2
pt = $0.80,
Y = $4,000,
pf = $0.40
From eqn1 substituting of into it
Q = 104 - 40p + 20($0.80) + 0.01($4000)
= 104 - 40p + 16 + 40
= 160/40p
p = 4 equilibrium price
From eqn2. Substituting p and pf into it.
Q = 58 + 15p - 20pf
Q = 58 + 15(4) - 20($0.40).
Q = 58 + 60 - 8
Q = 110 quantity of avocado
Answer: $168,130
Explanation: selling price = $197,800
Percentage profit = 15%
Profit = 15/100 × 197,800
Profit = 0.15 × 197,800
Profit = $ 29,670
But profit = selling price - cost price.
Hence, cost price = selling price - profit
Cost price = 197, 800 - 29,670
Cost price = $168,130
Cost price is the price the seller paid for the house
Democratic Leadership or perhaps Meritocracy
The value is formed by the the particular belief related to an idea or behaviour.
Explanation:
The values are the principles, standards or qualities of an individual or group of people hold. They are our own words, thoughts or actions. It is very important because they helps us to grow and develop. the decisions are made based on the values and beliefs.
The values comes from various sources such as family, workplace, educational institution, music, media, technology, culture and so on.
The most important common values are integrity, respect, excellence, responsibility. The values mainly focuses on the person's behaviour and attitude in all situations.
