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max2010maxim [7]
3 years ago
7

The quantity demanded x (in units of a hundred) of the Mikado miniature cameras per week is related to the unit price p (in doll

ars) by p = −0.2x2 + 220 and the quantity x (in units of a hundred) that the supplier is willing to make available in the market is related to the unit price p (in dollars) by p = 0.1x2 + 8x + 110. If the market price is set at the equilibrium price, find the consumers' surplus and the producers' surplus. (Round your answers to the nearest dollar.)'

Business
1 answer:
Pepsi [2]3 years ago
5 0

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

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Pratt, an owner of an appliance store, has a garage sale at his home where he sells old furniture and books. He sells a set of b
ELEN [110]

Answer:

false

Explanation:

8 0
3 years ago
DLW, Inc just started its business. DLW purchased factory equipment for $800,000 on January 1. It is estimated that the equipmen
igor_vitrenko [27]

Answer:

Annual depreciation= $77,000

Explanation:

Giving the following information:

Purchase price= $800,000

Salvage value= $30,000

Useful life= 10 year

Under the straight-line method of depreciation, the depreciation expense is constant along the useful life.

We need to use the following formula:

Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= (800,000 - 30,000)/10

Annual depreciation= $77,000

6 0
3 years ago
What are the four different types of trade barriers
Len [333]
Tariffs, non-tariffs, import quotas and voluntary export restraints
6 0
3 years ago
EBook
KonstantinChe [14]

Answer:

Cost Flow Methods

Gross profit and ending inventory on April 30 using:

                                                          Gross Profit     Ending Inventory

(a) first-in, first-out (FIFO)                     $75                   $546

(b) last-in, first-out (LIFO)                       $71                   $542

(c) weighted average cost method     $73                   $544

Explanation:

a) Data and Calculations:

Item Beta   Cost

April 2  Purchase   $270

April 15  Purchase   272

April 20  Purchase 274

Total                      $816

Average cost per unit = $272  ($816/ 3 units)

Assume that one unit is sold on April 27 for $345

Gross profit and ending inventory on April 30 using:

                                                          Gross Profit            Ending Inventory

(a) first-in, first-out (FIFO)                 $75 ($345 - $270)  $546 ($816 - $270)

(b) last-in, first-out (LIFO)                   $71 ($345 - $274)   $542 ($816 - $274)

(c) weighted average cost method $73 ($345 - $272)  $544 ($816 - $272)

Ending inventory = Cost of goods available for sale Minus Cost of goods sold

Gross profit = Sales Minus Cost of goods sold

3 0
3 years ago
Which of the following options is NOT a unique feature of​ e-commerce technology? A. The consumer is a participant in the proces
Blababa [14]

Answer:

<u>A. The consumer is a participant in the process of delivering products or services.</u>

Explanation:

  • As a  known fact the consumer is a part of the entire process and all of the e-commerce is surviving of the large consumer base and hence the delivery of the product to the home of the consumer is it a new or unique aspect of e-commerce.
  • Without the participation of the consumer, e-commerce has no competition in the marketplace while the rest are unique or global characteristics of the e-commerce industry.
3 0
3 years ago
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