Answer:
b. is $34 per ounce
Step-by-step explanation:
If the production cost were less, a competitor would drive the price down. If the production cost were more, the supplier would go out of business.
Since we're at equilibrium, the production cost must be equal to $34 per ounce.
Answer:
The answer to your question is the third option
Step-by-step explanation:
To know if two lines are parallel we must get their slopes if the slopes are equal, the lines are parallel.
Data
A (2,2)
B (3,6)
C(0,5)
D(1,9)
Formula
slope = 
Process
1.- Calculate the slope of line 1
slope 1 = 
slope 1 = 
slope 1 = 4
2.- Calculate slope 2
slope 2 = 
slope 2 = 
slope 2 = 4
3.- Compare the slope
slope 1 = 4 and slope 2 = 4, both slope are equals, then the lines are parallel.
Answer: 30%
Step-by-step explanation:
Percent error = 
Estimated number of games win this year = 7
Actual number of games won = 10
Now , the percent error of Doug’s estimate = 
Hence, the percent error of Doug’s estimate = 30%