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3 years ago

In its Declaration of Secession, South Carolina uses the Declaration of Independence to establish:

Business

1 answer:

castortr0y [4]3 years ago

6 0

Answer:

a) that South Carolina is an independent state, which is therefore free to secede from the Union if it so chooses

Explanation:

In 1860, an official secession convention met in South Carolina and issued an ordinance of secession announcing the state's withdrawal from the union. This declaration asserted the right of South Carolina to secede as the United states ad failed to uphold it's obligation therefore this revoked the agreement the State of South Carolina had with the United States.

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The demand and supply functions for basic cable TV in the local market are given as: Calculate the consumer and producer surplus

lana [24]

Answer: Hello your question is poorly written attached below is the complete question

answer:

a) Cs = 800,000 , Ps = 1,500,000

b) Cs = 1437500, Ps = 525,000

Explanation:

Demand function ( Qd ) = 200,000 - 4000 P

supply function ( Qs ) = 20,000 + 2000 P

at equilibrium : 200,000 - 4000P = 20,000 + 2000P

therefore ; P = 180,000 / 6000 = 30

Q = 20,000 + 2000 ( 30 ) = 80,000

a) Determine consumer and producer surplus in the market

consumer surplus ( Cs ) This is the area above the price and below the demand curve = 1/2 * ( 50 - 30 ) 80,000 = 800,000

producer surplus ( Ps ) This is the area above supply and below price

= 30 * ( 80,000 ) - 1/2 (80,000 - 20,000 ) (30)

= 1,500,000

b) Determine the new levels of consumer and producer surplus with a price ceiling of $15

Pc (ceiling price ) = $15

Qd = 200,000 - 4000 ( 15 ) = 140,000

Qs = 20,000 + 2000 ( 15 ) = 50,000

∴ New consumer surplus = area ( a , Pc, b, d )

= ( 30 - 15 ) (50,000) + 1/2(50-30) (80,000) - 1/2 (80,000 - 50,000 ) (37.5 - 30)

= 1437500

New producer surplus = area ( Pc , b, e 0 )

= ( 15 ) ( 50000) - 1/2 ( 50,000 - 20,000 ) (15)

= 525,000

7 0

3 years ago

Samuel K. Jenkins is thirty-five years old and lives in New Mexico. He would like to run for President. What else do we need to

lyudmila [28]

Since he is 35 and lives in the United States we would need to know if he has been a resident within the United States for at least 14 years, and if he was a natural born citizen of the U.S.A.

6 0

3 years ago

Read 2 more answers

Lupo Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The

Ugo [173]

Answer:

$2,880

Explanation:

Given that,

Total machine-hours = 30,300

Total fixed manufacturing overhead cost = $ 575,700

Variable manufacturing overhead per machine-hour = $ 4.00

For Job T687:

Number of units in the job = 10

Total machine-hours = 30

Direct materials = $730

Direct labor cost = $1,460

Total variable overhead estimated:

= Variable manufacturing overhead per machine-hour × Total machine-hours

= $4 × 30,300

= $121,200

Total overhead estimated:

= Total variable overhead estimated + Total fixed overhead estimated

= $121,200 + $575,700

= $696,900

Predetermined overhead rate:

= Total overhead estimated ÷ Total machine-hours

= $696,900 ÷ 30,300

= $23 per machine hour

Total overhead applied:

= predetermined overhead rate × Total machine hours for Job T687

= $23 × 30

= $690

Total job cost:

= Direct material + Direct labor + Total overhead

= $730 + $1,460 + $690

= $2,880

5 0

3 years ago

Suppose a competitive firm has cost, C = (0.002q3) + (22q) + 750, marginal cost, MC = 0.006q2 + 22, and revenue, R =

aniked [119]

Answer:

Options B and C are correct.

Marginal profit is negative.
Profit is positive.

Explanation:

At q = 150

R = 80q = 80(150) = 12,000

C = 0.002(150)3 + 22(150) + 750 = 6750 + 3300 + 750 = 10,800

R > C so first is incorrect.

MR = 80

MC = 0.006(150 x 150) + 22 = 135 + 22 = 157

MC > MR so B is correct.

Profit = TR - TC = 80(150) - 0.002(150)3 - 22(150) - 750 = 12000 - 10800 = 1200

Profit is positive.

Marginal profit = MR - MC = 80 - 157 = - 77

MR is Negative

3 0

2 years ago

The smartphone market has been dominated by Apple, but recently the Droid has been able to leverage Google's information service

BigorU [14]

Answer:

Smartphone Market

Apple, Google, and Blackberry:

This analysis is consistent with the industrial organization model:

a) True

Explanation:

Industrial organization is the application of the economic theory of price, the structure of markets, and the strategic moves by firms to industrial analysis. According to investopedia.com, "Industrial organization is a field of economics dealing with the strategic behavior of firms, regulatory policy, antitrust policy and market competition."

The industrial organization model is a way of explaining the forces outside an organization that exert influences on a firm's strategic actions. It is based on the assumptions that decision-makers act rationally, have mobile resources that they control, and that pressures and constraints are imposed by the external environment.

4 0

2 years ago