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Using the following equations Qs = 13,000P and Qd = 48,000-6,000P. Plot supply and demand curves (require a graph). Determine the equilibrium price?
A new hybrid car manufacturer is trying to decide between making and buying its parts and components. it has complied the following data per vehicle produced:percent of Make Buy0% $0 $010% $4300 $340020% $7800 $590030% $11,900 $1020040% $15300 $1240050% $18400 $1540060% $21000 $1810070% $23200 $2150080% $27500 $2390090% $30000 $27400100% $34,000 $33400
Make a graph and estimate the lowest possible per vehicle cost (to the nearest 5 percent). Need a graph
Assume the price of beans rises from $1.00 a pound to $2.00 a pound, quantity demanded falls from 10 units to 6 units. In this example, the demand for beans is said to be ______
It is supposed that the liquid soap market is perfectly competitive and current price of a case of liquid soap is $42.00. The firm has estimated it's marginal cost function to be as follows: MC=0.006Q.
Redstone Clayworks, Corporation is located in Sedona, Arizona and creates clay fire pits for patios. They are one of about two dozen companies around the world that produce and sell clay fire pits for retailers such as Home Depot Lowe's Front Gate
Do you agree that the only way to raise equilibrium quantity is to raise supply and demand together? Why agree or why not agree?
According to scientific nutritional studies in most nations, income of $1 a day does not provide sufficient food, shelter and clothing to live. Under these situations the medical risk of death is high.
Discuss the main factors (supply and demand) affecting the current price of gasoline. Include at least two supply and two demand.
A grocery store notices that the cross-price elasticity between ice cream and chocolate syrup is -.3. The store is advertising a sale with ice cream prices reduced by 20%.
You've been appointed by an unprofitable firm to determine whether it should shut down its unprofitable operation.The firm currently employs 70 workers to produce 300 units of output per day.
What would each of the following events do to the terms of trade of the importing country and the exporting country, other things being equal?
XYZ Corporation faces a horizontal demand curve and the market price is given to be $15. Compute the shutdown price of operations for Corporation XYZ.
Write down a paragraph explaining how the Hernandez Corp. finds the least cost combination of inputs for producing the given rate of output.
You're the GM of firm that manufactures PC's. Demand for them has dropped 50%, thanks to soft economy. The sales manager has identified only one potential client, who has received many quotes for 10000 new PC's.
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