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marusya05 [52]
3 years ago
14

I will mark you as brainliest !!

Business
2 answers:
marin [14]3 years ago
5 0
The correct answer is 400000.

28000/7 = 4000
4000x100 = 400000
jonny [76]3 years ago
4 0

Answer:

400,000

Explanation:

7% of what number = 28,000

(0.07)(X) = 28,000

X = 400,000

(which is less than 700,000. But that makes sense because not everyone living in Michael's city is necessarily part of the labor force. Some could be kids in school, others grandparents who have retired, others people who stay at home and don't work.)

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Quantity demanded price quantity supplied 45 $10 77 50 8 73 56 6 68 61 4 61 67 2 57 refer to the data. suppose quantity demanded
saul85 [17]

a. When the demand increases by 12 units, the equilibrium price rises to $6.2093 and the equilibrium quantity rises to 67.7442 units.

b. The price elasticity of supply (PES) at equilibrium is 0.20. Since the price elasticity is less than 1, we conclude that supply is inelastic.

From the given data, we can see that the equilibrium price is $4 and the equilibrium quantity is 68 units.

If the demand increases by 12 units at each point of price decline, the demand equation will be :

Qd = 105 - 6P

and the supply equation will be:

Qs = 51.6 + 2.6P

Since Quantity demanded and supplied are equal at equilibrium, we can equate the demand and supply equations and solve for price (P). Equating the two equations above, we get,

105-6P = 51.6 +2.6P

53.4 = 8.6P

P = $6.2093

Substituting the value of P in the demand equation, we get,

Qd = 105 - (6*6.2093)

Qd = 105 - 6P

Qd = 67.7442 units

b. Calculation of Price Elasticity of supply at equilibrium level.

P₀ = $4

Q₀ = 61

P₁ = $6.2093

Q₁ = 67.7442

% change in quantity = [ (Q_1 - Q_0) / Q_0 ] * 100

% change in quantity = 11.05607%

% change in price = [ (P_1 - P_0) / P_0 ] * 100

% change in price = 55.2325%

Price Elasticity of Supply (PES):

PES  = % change in quantity / % change in price

PES = 11.05607% / 55.2325%

PES = 0.20

8 0
3 years ago
In a mortgage, the amount of money borrowed is called the_______.
Rashid [163]

No answer choices......




In a mortgage, the amount of money borrowed is called the Loan principal, or just a loan.

5 0
3 years ago
Read 2 more answers
Karen Blumenthall was seriously injured in a car accident and is paralyzed from the waist down. Luckily she has an insurance pol
ruslelena [56]
Hi, ill help u out c:
7 0
3 years ago
Read 2 more answers
Which of the following is NOT true about College
777dan777 [17]

Answer:

It only offers 4 year degrees

Explanation:

4 0
3 years ago
1-a. Assume that Andretti Company has sufficient capacity to produce 120,150 Daks each year without any increase in fixed manufa
likoan [24]

Answer:

The answer is given below;

Explanation:

The opportunity gain of investing in fixed selling expenses could be quantified by comparing with interest rates prevailing in the market.

if the net margin earned on producing extra quantity is greater than the return earned on placing funds in bank account,then it is financially viable to invest in fixed selling expenses and vice versa.

7 0
3 years ago
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