Answer:
a) he equilibrum quantity is 95 million pounds of butter and the equilbrum price is $1.20 per pound. At this level, both demand and supply is 95 million.
b) 0 or no surplus.
Explanation:
The question is in three parts
a) a. In the butter market, the monthly equilibrium quantity is million pounds and the equilibrium price is $ per pound
The equilibrum price and quantity refers to that point in sales where the quantity demanded = the quantity supplied.
Looking at the schedule, the equilibrum quantity is 95 million pounds of butter and the equilbrum price is $1.20 per pound. At this level, both demand and supply is 95 million.
b) What is the monthly surplus created in the wholesale butter market due to the price support (price floor) program?
First, what is the price floor fixed by the government = $1.00 per pound and at this rate, the demanded quantity is 101 million and the quantity supplied is 79 million pounds.
Hence, the monthly surplus = 79 million pounds - 101 million pounds = -22 million pounds
At this price, there is no surplus
Answer:
The correct answer is:
$4 (D.)
Explanation:
From the question, we are told that:
the price of halvah (MUH)= $12
the price of pomegranates (MUP)= ????
Next, we are also told that the optimal consumption ratio of MUH to MUP = 3
This means that the Mauginal Utility of halvah (H) to the marginal utility of pomegranates (P) = 3
MUH/MUP = 3
12/MUP = 3
MUP = 
MUP = $4
A) strategic
B) tactical
C) operational
D) short-term
E) none of the above
its b tactical
Answer:
He should tell his coworker that there is mistakes, but in a polite way.
Explanation:
hope this helps
Answer:
derived demand
Explanation:
Company X sells their products exclusively to companies in the Y market. In estimating demand from their business customers, Company X must understand that this demand is actually <u>derived demand</u>, which means that the demand for industrial products and services is driven by demand for consumer products and services.
