The expression, "there's no such thing as a free lunch" implies that:

A _______ is a group of people who agree to save their money together and to make loans to each other at a relatively low rate o

Ivenika [448]

A) credit union is a group of people who agree to save their money together and to make loans to each other at a relatively low rate of interest.

7 0

3 years ago

Read 2 more answers

Market equilibrium Consider the demand function of tofu given by Qd = 150 – 10p + 5pb and the supply function of tofu given by Q

ser-zykov [4K]

Answer:

a) Qs = 50 + 20p - 7ps

= 50 + 20p - 7×(2)

= 50 + 20p - 14

= 36 + 20p

At equilibrium, $Q_{d}$ = $Q_{s}$

So, 150 - 10p + 5 $p_{b}$ = 36 + 20p

So, 20p + 10p = 30p

= 150 - 36 + 5 $p_{b}$

= 114 + 5 $p_{b}$

So, p = (114/30) + (5/30) $p_{b}$

= 3.8 + 0.17 $p_{b}$

Thus, $p_{e}$ = 3.8 + 0.17 $p_{b}$

Q = 36 + 20p

= 36 + 20(3.8 + 0.17 $p_{b}$ )

= 36 + 76 + 3.4 $p_{b}$

= 112 + 3.4 $p_{b}$

Thus, $Q_{e}$ = 112 + 3.4 $p_{b}$

b) $p_{e}$ = 3.8 + 0.17 $p_{b}$

= 3.8 + 0.17×(5)

= 3.8 + .85

= 4.65

$Q_{e}$ = 112 + 3.4 $_{b}$

= 112 + 3.4(5)

= 112 + 17

= 129

c) Qd = 150 - 10p + 5pb = 150 - 10(2.5) + 5(5) = 150 - 25 + 25 = 150

Qs = 36 + 20p = 36 + 20(2.5) = 36 + 50 = 86

Thus, there is excess demand as $Q_{d}$ > $Q_{s}$

d) New $Q_{d}$ = 180 - 10p + 5 $p_{b}$

= 180 - 10p + 5×(5)

= 180 - 10p + 25

= 205 - 10p

Now, new $Q_{d}$ = $Q_{s}$ gives,

205 - 10p = 36 + 20p

So, 20p + 10p = 205 - 36

So, 30p = 169

So, p = 169÷30

So, $p_{e}$ = 5.63

Q = 205 - 10p = 205 - 10×(5.63) = 205 - 56.3 = 148.7

So, $Q_{e}$ = 148.7

6 0

3 years ago

In a planned economy what predicts the demand of goods and services and coordinates the appropriate level of production of these

CaHeK987 [17]

Answer:

The government

Explanation:

In the command economy, the government makes all economic decisions in the country. The command economy is also known as the command centrally planned economy. A central authority, which is the government decides what products will be manufactured, and they will be distributed.

The government makes economic plans for the country that outlines the level of production. It allocates resources required for production as per the plans. The government though its different agencies, owns the factors of production.

8 0

3 years ago

Using the SMART goal-writing criteria, what refers to being able to complete a goal? A. Realistic B. Measurable C. Attainable D.

sineoko [7]

Answer:

C.

Explanation:

attainable or to attain the goal

6 0

3 years ago

Social media sites can provide a firm with insights into a consumer's opinions about the firm and Blank______. Multiple choice q

Mars2501 [29]

Social media sites can provide a firm with insights into a consumer's opinions about the firm and the opinions about the firm from the consumer's neighbors.

<h3>How social media helps the firm to get the idea of trends?</h3>

Social media helps the company to get the trend and idea about the latest things going on in the world or the latest challenges going on the world. Everything which is happening on the country was on social media platform.

Thus, option B is correct.

For more details about social media helps the firm to get the idea, click here:

brainly.com/question/26865450

#SPJ1

7 0

2 years ago