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shutvik [7]
3 years ago
7

After a hurricane in Florida knocked out the regional water supply for several days, the demand for bottled water increased shar

ply. In a market economy, how will this increase in demand affect the equilibrium price and quantity of bottled water
Business
1 answer:
sergejj [24]3 years ago
4 0

Answer:

If Florida experiencing a hurricane which knocked out the regional water supply for several days then the demand for bottled water increased remarkably. This increase in the demand of bottled water shifts the demand curve rightwards and supply curve remains the same. This shift in the demand of bottled water will increase the equilibrium price and equilibrium quantity in a market economy.

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earnstyle [38]
What is the question
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3 years ago
Independent risks can be diversified by holding a large number of uncorrelated assets with independent risks.
iVinArrow [24]
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8 0
4 years ago
Beginning inventory, purchases, and sales for an inventory item are as follows:
Sergio039 [100]

Answer:

Option (D) is correct.

Explanation:

Sale from beginning inventory = (Beginning inventory - sales units) × selling price per unit

                                                  = (24 - 17) × $15

                                                  = 7 × $15

                                                  = $105

Sale from September 17th purchase:

= (Beginning inventory - sales units of Sept 5 and Sept 30) × $20

= (24 - 17 - 8) × $20

= 1 × $20

= $20

Therefore,

Cost of good sold on Sept 30 = Sale from beginning inventory  + Sale from September 17th purchase

                                                  = $105 +  $20

                                                  = $125

Ending inventory:

= ( Beginning inventory - Sept 5 Sale + Sept 17 Purchase - Sept 30 Sale) × per unit purchasing price

= (24 - 17 + 10 -8) × $20

= 9 units × $20

= $180

5 0
4 years ago
Use the following information in answering questions 1 - 9. Assume persons of type 1 value quality level z and the product itsel
Mnenie [13.5K]

Answer:

c. 6

Explanation:

The maximun profit is determined by the point where the Marginal Revenue (MR) is equal to the Marginas Cost (MC).

Solving for person of type 2 and considering Z=1.

The marginal cost equation:

MC = 2 + 4z

MC = 2 + 4(1)

MC = 6

The demand equation:

P2 = 24 - 2Q2 + 6z

P2= 24 - 2Q2 + 6

P2= 30 - 2Q2

To calculate the Marginal Revenue, we calculate, at first, the total profit:

Total profit=P*Q2

TP=(30-2Q2)*Q2

TP=30Q2 - 2Q2^2

Taking the derivative of the total profit, we obtain the Marginal Revenue

MR = 30 - 4Q2

Finally, set the MR and MC, and solve for Q2

30 - 4Q2 = 6

24 = 4Q2

<h2>Q2 = 6</h2>

3 0
3 years ago
An American company today invests some of its spare cash in a Hungarian money market account that will earn 8 percent for two mo
Alika [10]

Answer:

None of the options is correct.

Explanation:

A spot trade could be result in higher or lower profits, the also applies to a carry trade. The factor that can make this investment more or less profitable if the current exchange rate between the US dollar and the Hungarian forint. Since the company is investing in Hungarian forints, if it depreciates against the US dollar, the company's profit may decrease or even turn into a loss. On the other hand, if the Hungarian forint appreciates against the US dollar, the company's profits will increase.

6 0
3 years ago
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