Answer:
a. The equilibrium price is $19 and the equilibrium quantity is 55 units.
b. The quantity will be 50 units at $20 price.
Explanation:
Given the demand function, Qa= 150 - 5P
The supply function, Qs = 17 + 2P
At the equilibrium point, the demand is equal to supply.
Demand = Supply
Qa = Qs
150 – 5P = 17 + 2P
150 – 17 = 2P+5P
133 = 7P
P = 19
Now insert P = 19 in Qa= 150 - 5P
Qa= 150 – 5(19)
Qa = 55
The equilibrium price is $19 and the equilibrium quantity is 55 units.
b. If the price is $20 then the quantity will be:
Qa= 150 - 5P
Qa= 150 – 5(20)
Qa = 50 units
The quantity will be 50 units at $20 price.
Answer:
Which organization does not work for consumers
Federal treasury
Explanation:
The other three are consumer-focused. But the Federal Treasury is a US government agency that advises government on fiscal matters. It performs some law enforcement activities to help government enforce laws on fiscal policies. It is also responsible for manufacturing the currency and postage stamps. Finally, it has responsibility for the supervision of national banks in the United States.
Answer:
The answer is 20.5 years.
Explanation:
If we assume that there is compound interest, we can calculate the increase of the spending on equipment with an annual interest of 9% which results in the $476,374 of the $500,000 being spend on equipment in the 20th year and $519,248 being spend in the 21st year. So between the year 20 and 21, the equipment funding will be reduced to zero.
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