If the equilibrium is such that only 12000 units are sold for $27, then the total earnings from the given scenario is $324,000. The supply equation would then be,
supply: 324000 = 6p ; p = 324000/6 = 54000
demand: 324000 = 69p ; p = 324000/69 = 4695.65 ≈ 4696
Answer: We do not reject the null hypothesis.
Step-by-step explanation:
- When the p-value is greater than the significance level , then we do not reject the null hypothesis or if p-value is smaller than the significance level , then we reject the null hypothesis.
Given : Test statistic : 
Significance level : 
By using the standard normal distribution table ,
The p-value corresponds to the given test statistic ( two tailed ):-

Since the p-value is greater than the significance level of 0.02.
Then , we do not reject the null hypothesis.
320 portions of waffles can be made with one container.
Step-by-step explanation:
Given,
Milk is bought in 1 gallon container.
One portion of waffles require = 0.4 ounces of milk
We know that;
1 gallon = 128 ounces
Now;
No. of portions of waffles = 
No. of portions of waffles = 
No. of portions of waffles = 320
320 portions of waffles can be made with one container.
Answer:
in my opinion I think the answer is a because I don't know why
Step-by-step explanation: