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jeyben [28]
2 years ago
6

What would the new equilibrium price of tutoring services be if carlos decided to stop tutoring?

Business
1 answer:
wariber [46]2 years ago
4 0
Given the table below

\begin{tabular}
{|p {1cm}|p {1.4cm}|p {1.4cm}|p {1.5cm}|p {1.4cm}|p {1.4cm}|}
{Price per hour&Quantity Supplied by Ann&Quantity Supplied by Bob&Quantity Supplied by Carlos&Market Quantity Supplied&Market Quantity Demanded\\[1ex]
\$50&94&35&19&148&5\\
45&93&33&14&140&8\\
40&90&30&10&130&11\\
35&81&27&6&114&16\\
30&68&20&2&90&22\\
25&50&12&0&62&30\\
20&32&7&0&39&39\\
15&20&0&0&20&47\\
10&10&0&0&10&57
\end{tabular}

From the table it can be seen that at the price of $20, the quantity supplied is equal to the quantity demanded equal to 39.

Also notice that at that price, Carlos is not supplying any service.

Therefore, the equilibruim price <span>of tutoring services be if Carlos decided to stop tutoring is $20.</span>
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In 2008, the U.S. government stepped in to help some failing financial institutions as a way to prevent further collapse of the
Mrrafil [7]

Answer:

The correct answer is: Limited Government.

Explanation:

Limited Government is a political viewpoint that favors few if any government controls on individuals and the economy. The U.S. Constitution is viewed as a limited enforcer because it lists the power of the Federal Government as well as provisions of certain actions. Any power not given to the Federal Government falls to the individuals' faiths. This difference to state rights gives individuals more freedom because local State governments are considered easier to control than the Federal Government.

6 0
3 years ago
Samson Designers producers a lady's handbag that normally sets for $120. The company produces 800 units annually but has the cap
anzhelika [568]

Answer: A. Incremental revenues will exceed incremental costs by $400

Explanation:

First let us start by calculting the incremental revenue from the special order,

Incremental revenue from special order = Incremental Revenue per unit x no. of units

=200*$85

= $17,000

Then we need to calculate the incremental cost of the special order which would include all the costs,

Incremental cost on special order = Direct materials + Direct labor + Variable overhead + Additional labor cost for monogram + Purchase of equipment for monogram

= (200*$23) + (200*$45) + (200*$7) + (200*$4) + $800

= $16,600

Finally we will then subtract the Incremental cost from revenue,

=17,000 - 16,600

=$400

<em>Incremental Costs increased by $400 so Option A is correct.</em>

5 0
3 years ago
A journal entry that debits manufacturing overhead and credits property taxes payable records the ______.
Dafna1 [17]

A journal entry that debits manufacturing overhead and credits property taxes payable records the purchase materials.

Journal entries can also include multiple statistics factors however usually include A header, that's a descriptor of the access kind, and the date entered within the journal; a unique numerical identifier or reference range; · One or extra debts and quantities with a view to being debited through the transaction and the date those debits are made; One or greater bills and amounts the transaction will credit and the date those credits are made; and A brief description of the transaction. magazine entries may additionally consist of statistics precise to the enterprise, along with the subsidiary or subsidiaries concerned within the transaction and the foreign money or currencies used.

Every magazine access contains the information tremendous to a single enterprise transaction, Journal entries which include the date, the amount to be credited and debited, a quick description of the transaction, and the accounts affected. relying upon the organization, it can list affected subsidiaries, tax info, and different information.

Learn more about journal entry here:-brainly.com/question/14279491

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7 0
1 year ago
Identify and briefly compare the two leading stock exchanges in the United States today. Write the main differences of the two s
gulaghasi [49]

Answer:

The two main leading stock exchanges in the United States are the New York Stock Exchange (NYSE) and the Nasdaq stock market. The NYSE is bigger than the Nasdaq, and it is a physical location exchange where traders meet to buy and sell securities. While the Nasdaq is an electronic dealer based exchange where brokers and dealers are connected electronically.

5 0
3 years ago
The range for daily sales for the week, $89,000, $75,000, $98,000, $66,000, and $99,000, is ________. a. $33,000. b. $85,400. c.
Ann [662]

Answer:

$33,000

Explanation:

The daily sales for a particular week is given as follows: $89,000, $75,000, $98,000, $66,000, $99,000

Range can be defined as the difference between the highest value and the lowest value within a particular set of number

From the question above;

The highest value is $99,000

The lowest value is $66,000

Therefore, the range for the daily sales for the week can be calculated as follows

Range= Highest value-Lowest value

= $99,000-$66,000

= $33,000

Hence the range is $33,000

5 0
3 years ago
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