The supply curve in the question is Qa = 3P2– 12 while the demand curve is Qx = 24 – P2.
<h3>a. How to ascertain the supply curve</h3>
To know the supply curve we have to be able to make a distinction of the direction of the signs used in the functions.
Supply curves are known to be positive because they are an increasing function that is due to prices. For demand function they are negative because they are a decreasing function.
In 3P2 – 12. the coefficient is positive when we take the first derivative. This gives us 6p= +6
For the demand curve, when we do this we would have -2p. that is -2 hence this is the demand curve.
2. Equilibrium.
At equilibrium we have Qa = Qd
hence 3P² – 12p= 24 – P²
From here we are to take like terms
3P² – 12p= 24 – P²
3P² + P² - 12p - 24 = 0
4p² - 12p - 24 = 0
The solution to the quadratic equation using the quadratic equation calculator is x=4.37228 and x=−1.37228
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It seems fine to me at the part where it says when you work if you are going to abbreviate days then abbreviate them all and that's pretty much all I have to say
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Answer:
7.53%
Explanation:
Calculation for the discount rate of d(0,4)d(0,4)
The discount factor is : d=1/1+i
And given that the interest rates are compounded annually the discount factor will gives the present value of the bond when provided with the interest rate and maturity value.
Therefore the present value of a bond with a maturity value of 1 will be;
Present value=1 /(1+i1) (1+i) (1+i3) (1+i4)
Present value=1 / (1.07) (1.073) (1.077) (1.081)
Present value=0.748
The present value of a bond with a maturity value of 1 will therefore be 0.748.
Now, let calculate the discounting factor for the whole 4 years:
1 (1+d (0,4))‐⁴ =0.748
(1+d(0,4))=0.748‐¹/⁴
1+d (0,4) =1.0753
d (0,4)=0.0753
Therefore the discount rate will be 7.53%
Answer:
$8,500
Explanation:
Total budgeted general and administrative expenses are the compulsory daily cost expended to ensure that a company's operations is maintained irrespective of whether the company is making profit or not.
Examples of general and administrative expense includes rent, utility bill, insurance, depreciation of office furniture, insurance and wages etc.
Therefore,
Total budgeted general and administrative expenses budgeted per month = Administrative salaries + Other cash administrative expenses + Depreciation
= $4,500 + $1,900 + $2,100
= $8,500
