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pav-90 [236]
3 years ago
10

Suppose that supply changes such that at each price, 20 fewer towels are offered for sale. In other words, the new supply is now

????S=10P−20QS=10P−20 . Derive and plot the new inverse supply curve by moving the endpoints of the line labeled Supply 2. d. Find the new equilibrium price and quantity using Demand 1 and Supply 2. Equilibrium price: $ Equilibrium quantity: towels
Business
1 answer:
ValentinkaMS [17]3 years ago
3 0

Answer:

1) Correct supply function according to the state information

S=10P−20

Slope 10

2)

Equilibrium

Q = 60

P = $8

missing information:

Demand QD = 100 − 5P

Explanation:

The supply is variable for price and we are given the information that for each price there are 20 fewer towels thus, there is a constant decreased of 20 at each level of the curve.

S' = 10P

S'' = 10

The slope of the curve is 10

Equilibrium of D1 and S2

100 - 5P = 10P - 20

120 = 15P

8 = P

Supplu Quantity = 10 x 8 - 10 = 60

Demand Quantity = 100 - 5 x 8 = 100 - 40 = 60

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Answer:d. $44,100.

Explanation:

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Therefore

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The journal to record the inventory purchased on account using the  net method  will be

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Accounts payable                                              $44,100.

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3 years ago
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General and functional managers are different from end users. what purpose do these managers have in regards to information systems at an organization

General management focuses on the entire business as a whole a top-down organizational view. A functional manager is a person who has management authority over an organizational unit such as a department within a business, company, or other organization.

General management and functional management have many similarities; the primary difference is that a functional manager focuses on one facet of an organization, while the general manager must keep everything in view.

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Management is the act or art of managing things.

Department is typically understood as a part of a larger organization.

Organization refers to a collection of people, who are involved in pursuing defined objectives.

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A former client of charlie hayes, cpa, filed a lawsuit in state court alleging that charlie failed to exercise due care in the p
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3 years ago
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The daily sales of a peanut butter at Power's Grocery are normally distributed, with a mean of 12 jars and a standard deviation
Alenkasestr [34]

Answer:

d. 81

Explanation:

E(number of order) = E(X1) + E(X2) + 21 -4

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Answer:

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2 years ago
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