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erma4kov [3.2K]
3 years ago
5

Suppose market demand and supply are given by Qd = 100 − 2P and Qs = 5 + 3P. If the government sets a price floor of $30 and agr

ees to purchase all surplus at $30 per unit, the total cost to the government will be:
(A) 1650
(B) 1375
(C) 900
(D) 1125
Business
1 answer:
Blizzard [7]3 years ago
4 0

Answer: $1650

Explanation:

Quantity Demanded = 100 - 2P

Quantity Supplied = 5 + 3P

Price floor = $30

To get quantity demanded and quantity supplied, put the value of price into the functions given.

Qd = 100 - 2P

= 100 - 2(30)

= 100 - 60

= 40

Qs = 5 + 3P

= 5 + 3(30)

= 5 + 90

= 95

Since quantity supplied is 95 and quantity demanded is 40, the surplus will be 95 minus 40 which gives a value of 55.

Since the government has agreed to buy every surplus for $30,

Value of surplus= 55 units × $30 = $1650.

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Dieter is a debtor to Maxwell, the secured party. Dieter lives in Ohio and works in Kentucky. Maxwell lives in Indiana and works
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Answer:

The correct answer is C) Indiana

Explanation:

To completely secure a secured transaction, or perfect the security, the secured party (in this case Maxwell) should file a financing statement with the <em>local public records office</em>, Secretary of State, or other appropriate government body.

The area that is local to Maxwell is where he lives which is Indiana.

Cheers!

7 0
3 years ago
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Nuan, a television manufacturer in Korea, had to modify its televisions before introducing it to the Zimbabwean markets, as the
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3 0
3 years ago
Bethany Walsh is a business manager at Dixon Productions. Although she does not have a background in technology, her job require
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The correct answer is A. Dashboard .

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5 0
3 years ago
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Your brother, who is prone to bearing substantial risk, suggests that you buy a security for $10,000 that promises to pay you $1
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Answer:

16.59%

Explanation:

First we look at the formula which to determine the future value of the security and then work back to determine the annual return in terms of percentage

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We then plug the given figures into the equation as follows

we already know Present value to be $10,000 and the future value to be $100,000 and the number of years to be 15

Therefore, the implied annual return or yield on the investment is

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5 0
3 years ago
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Answer:

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Explanation:

An income statement showing contribution would suffice:

       Royal Lawrence Company

                                                                  Income statement

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Variable cost (Vc/unit × units)              (<u>98,000)</u>      (<u>325,000)</u>  (<u>423,000)</u>

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Specific fixed cost                              <u>  (132,000)</u>   <u> (37,000) </u> <u>(169,000)</u>

Product profit                                   85,000     538,000   623,000

Common Fixed cost                                                     <u>(100,000)</u>

Total profit                                                                     <u>523,000 </u>

4 0
3 years ago
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