Answer:
400
Explanation:
Qd = 45 - 2P
Qd = -15 + P
45 - 2P = P - 15
60 = 3P
60/3 = P = 20
Q = 45 - 2*20 = 5
Q = -15+20 = 5
The quantity will be 5 and price 20
<u>Now we will caclulate the consumer surplus:</u>
Which the area of the demand curve above the equilibrium.
We calculate he area of a triangle:
base x high / 2
consumer surplus = 400
Because all people ( the public ) can fully enjoy this good/service without competing for it.
Answer:
A bank run occurs when a large number of customers of a bank or other financial institution withdraw their deposits simultaneously over concerns of the bank's solvency. As more people withdraw their funds, the probability of default increases, prompting more people to withdraw their deposits.
Answer: 2.36 years
Explanation:
Payback period is the amount of time it will take to pay off the initial investment/ outlay which in this case is $15,700.
= Year before investment is paid + (Amount remaining/ Cashflow in year of Payback)
Add up the cashflows to find the year before payback;
= 6,400 + 7,700
= $14,100
Year before payback = 2
Amount remaining;
= 15,700 - 14,100
= $1,600
Payback period = 2 + (1,600/ 4,500)
= 2.36 years
