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PilotLPTM [1.2K]
2 years ago
9

Recently, the spot market price of U.S. hot rolled steel plummeted to $400 per ton. Just one year ago, this same ton of steel co

st $700. According to Metals Monitor, the drop in price was due to falling oil prices, along with a rise in cheap imports and excess capacity. These dramatic market changes have greatly impacted the supply of raw steel.
Suppose that last year the supply for raw steel was Qsraw= 600 + 4P, but this year it has shifted to Qsraw = 4,200 + 4P.

Assuming the market for raw steel is competitive and that the current worldwide demand for steel is Qdraw = 9,000 – 8P, compute the equilibrium price and quantity for the steel market one year ago, and the equilibrium price–quantity combination for the current steel market.

Price one year ago: $ ______

Quantity one year ago: _______

Price for current market: $ ______

Quantity for current market: ______

Suppose the cost function of a representative steel producer is C(Q) = 1,200 + 15Q2.

How much raw steel does a representative firm produce when the market price is $700?________

How much raw steel does a representative firm produce when the market price is $400?________.
Business
1 answer:
nevsk [136]2 years ago
7 0

Answer:

The computation of given question is shown below:-

Explanation:

One year ago

Quantity supplied = 600 + 4P

Quantity demanded = 9,000 - 8P

600 + 4P = 9000 - 8P

Price one year ago = $700

Quantity one year ago = 3,400

Current market:-

Quantity supplied = 4200 + 4P

Quantity demanded = 9,000 - 8P

4,200 + 4P = 9,000 - 8P

Price for current market = $400

Quantity for current market = 5,800

C(Q) = 1,200 + 15Q2

A representative firm in a competitive market would produce steel where MC = P

MC = dC ÷ dQ = 30Q

The raw steel does a representative firm produce when the market price is $700

30Q = 700

Q = 23.33

The raw steel does a representative firm produce when the market price is $400

30Q = 400

Q = 13.33

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The interest rate is 10% but the government offers you a subsidized perpetual loan for $1m at 5%. in other words, you get the $1
DochEvi [55]

Answer:

The worth of loan subsidy at 5% is $1000000 and at 10% is $500000.

Explanation:

The subsidized perpetual loan offer by government = $1000000

Interest rate = 5%

The amount paid for forever = $50000

Below is the calculation to find the worth of loan subsidy for forever.

Amount paid to the government for forever at 5% interest.

Total subsidy loan worth at 5% = $50000 /5% = $1000000

The subsidy loan worth at 10% = $50000 /10% = $500000

The worth of loan subsidy at 5% is $1000000 and at 10% is $500000.

3 0
1 year ago
Marigold Co. reports the following information for 2020: sales revenue $780,800, cost of goods sold $519,000, operating expenses
siniylev [52]

Answer:

Explanation:

The statement of stockholder's equity comprises common stock and retained earnings. The ending balance after adjustment shown in the attached spreadsheet.  

The ending balance of retained earning = Beginning balance of retained earnings + net income - dividend paid

And, the ending balance of the common stock = Beginning balance of common stock + issued shares  

Before preparing the statement of stockholders’ equity we need to calculate the net income or net loss as the case may be. The computation is shown below:

Net income = Sales revenue - cost of goods sold - operating expenses

                    = $780,800 - $519,000 - $88,800

                    = $173,000

The preparation of the statement of stockholders’ equity is presented in the spreadsheet. Kindly find the attachment below:

4 0
2 years ago
President Chris Zane mentions that employees' performance is not evaluated every six months or every year as in many organizatio
dsp73

Answer:

This question is incomplete, the options are missing. The options are the following:

a) Discuss failures of individuals of the company

b) Establish performance standards as a group

c) Measure, evaluate and take corrective action

d) Correct employees' actions by berating and celebrating

e) Cross-train employees

And the correct answer is the option C: measure, evaluate and take corrective action.

Explanation:

To begin with, when it comes to terms of control regarding the inside structure of an organization, the managers use different processes and techniques to take on that job of controlling the employes of the company in order to see how everything is going. In the case of Chris Zane, as he wants to do a control every week, then he is absolutely interesting in evaluating and measuring the improvements of every one inside the business so in that way he can take action in time to correct something if it is not going as planned. And that is the main reason why he would use a controlling process where he needs to have everything going as planned.

3 0
1 year ago
A robot manufacturing company in Southeast Asia undertakes a government project to produce multi-utility robots. It requires a s
eimsori [14]

Answer: a. Computer-aided manufacturing

Explanation: A computer-aided manufacturing would help the robot manufacturing company in this regard since it can provide the required software to control the machine tools and processes needed in the manufacture of the multi-utility robots.

Computer-aided manufacturing (CAM) is defined as the use of software and computer-controlled machinery to automate a manufacturing process and is composed entirely of software that tells a machine how to make a product through the generation of toolpaths; a machinery that can turn raw material into a finished product and a post processing unit that converts toolpaths into machine languages. Computer-aided manufacturing thus provides high–speed machine tool paths that greatly minimize cycle times, reduce tool and machine wear and general improvement in quality and accuracy of cutting.

7 0
2 years ago
Read 2 more answers
TH Manufacturers expects to generate cash flows of $129,600 for the next two years. At the end of the two years the business wil
arsen [322]

Answer:

Vo  = <u>C1  </u>    +        <u>C2 + V2</u>

        1 + k              (1 + K)2

Vo = <u>$129,600  </u> +   <u>$129,600 + $3,200,000</u>

        1 + 0.14            (1 + 0.14)2

Vo = $113,684.21  + $2,562,019.08

Vo = $2,675,703.29

The correct answer is C

Explanation:  

The current value of the business equals cashflow in year 1 divided by 1 + K plus the aggregate of cashflow and sales value in year 2 divided by 1 + k raised to power 2.

7 0
2 years ago
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