Answer:
Ohhh I see you okay :) You do you man
So here is the answer of the given question above:
In terms of economics, Harber's process takes a huge amount of capital. Initially, the process demands for a very high pressure and this is very expensive to produce. Second, the company would need to establish extremely sturdy pipes and containment vessels to endure the very high pressure, in order to produce this required condition; the building process is very costly as well as the maintenance. Hope this answer helps.
Answer:
In this case science the item is a design, we will have to do certain more case referring to quasi contract. Dewey will have to prove the court that design is his and it is not being used until the discussion made with American. If this is prove in court then the court can accept the case of quasi contract in which the American has willingly used his design to gain monetary benefits without keeping in knowledge to Dewey about the use. In this case the court may grant legal rights of the design to Dewey and would ask to pay penalty to American. Further, usage of design of American must sign legal contract with Dewey about the benefit and usage.
The question is incomplete. See the attached image for the missing table showing the demand and supply schedule.
Answer/Explanation:
a. Equilibrium price is the price at which Qd = Qs. Hence, equilibrium price = $4, while equilibrium quantity is the quantity demanded at the equilibrium price, i.e. where quantity demanded = quantity supplied. Therefore equilibrium quantity = 8,000
b. At $5, there would be excess quantity supplied, i.e. Qs · Qd = 10,000 · 6,000 = 4,000. Hence, there would be wastage of resources as a result of surplus. This would lead to decrease in price in order to avoid the wastage of resources.
c. At $2, there would be excess quantity demanded, i.e. Qd · Qs = 12,000 · 4,000 = 8,000. This would lead to increase in price as a result of acute shortage in quantity supplied.
