Answer:
Equilibrium price, p = 2.5
Equilibrium Quantity, Q = 22.5
Explanation:
The equation is:
Qd = 30 - 3p
Qs = 10 + 5p
At equilibrium, Quantity demanded equals quantity supplied
Equate Qd = Qs to find equilibrium price
30 - 3p = 10 + 5p
30 - 10 = 5p + 3p
20 = 8p
p = 20/8
P = 2.5
Substitute equilibrium price into Qd and Qs equation to find equilibrium Quantity
Qd = 30 - 3p
= 30 - 3(2.5)
= 30 - 7.5
= 22.5
Qs = 10 + 5p
= 10 + 5(2.5)
= 10 + 12.5
= 22.5
Therefore,
Equilibrium price, p = 2.5
Equilibrium Quantity, Q = 22.5
I'm not sure about this one. Are you talking about like this year?
Answer:
Corporate income tax
Explanation:
A corporate income tax (CIT) is levied by federal and state governments on business profits, which are revenues (what a business makes in sales) minus costs (the cost of doing business).
Answer:
d. dismissing all managers who fail to achieve operational goals specified in the budget
Explanation:
The budget, no matter how well it's done, It's a forecast.
Price can change without the company being able to intervene, the same goes for consumer demand, foreign currency rates changes, and other variables in the budget.
Having that in mind, the accounting can measure the variance and check the efficiency and price influence in the result below expected.
Therefore, dismiss immediately after not achieving a goal is not the purpose of a budget
