Answer:
Equilibrium Price - 3
Equilibrium Quantity - 3
Explanation:
The price at which there will be equilibrium in the chocolate market is 3 units while the corresponding quantity is also 3 units.
<u>The equilibrium price and quantity represents the price and quantity where the demand for a product is equal to the supply for the same product respectively.</u>
<em>In the graph, the point of intersection of the demand and the supply curve represents the equilibrium point. At this point, the price on the Y axis is 3 units while the corresponding quantity on the X axis is also 3 units.</em>
<span>If
a competitive firm can sell a ton of steel for $500 a ton and it has an average
variable cost of $400 a ton, and the marginal cost is $600 a ton, the firm
should reduce its output. The reason for the reduction of output is the
marginal cost it will have. The marginal cost exceeds the selling price of the
product which is a bad sign for the company.</span>
Answer:
Correct option is D.
Explanation: A contingency is an existing situation where uncertainty exists as to possible gain or loss that will be resolved when one or more future events occur or fail to occur.
In business, a contingency plan is a plan or course of action a company would implement if an unexpected event occurs. Basically, what this means is that a company is preparing for any outcome.
In the market economy there are two important factors, supply and demand, which are the regulators of the market price.
The offer is conditioned by fators such as technological advances, the number of sellers, the cost of supplies, and the expectations of sellers.
Thus, a change in these factors has an impact on the supply curve, which marks the relationship between prices and quantity, in the case of the number of sellers, as the number decreases, so will the quantities available, so the curve would experience a <em>movement to the left</em>.
Answer
(A) the supply curve to shift to the left.
The single sum at the employment date would make her indifferent between the two options is: $72,867.
<h3>Single sum at the employment date</h3>
Using this formula
Single sum=Amount- received+ Present value
Let plug in the formula
Single sum=$30,000+($50,000/(1+0.08)²
Single sum=$30,000+($50,000/(1.08)²)
Single sum=$30,000+($50,000/1.1664)
Single sum=$30,000+42,867
Single sum= $72,867
Inconclusion The single sum at the employment date would make her indifferent between the two options is: $72,867.
Learn more about single sum here:brainly.com/question/24576997
