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Phantasy [73]
2 years ago
13

Suppose that you are the vice president of operations of a manufacturing firm that sells an industrial lubricant in a competitiv

e market. Further suppose that your economist gives you the following supply and demand​ functions: ​Demand: Upper Q Superscript Upper D ​= 45 minus 2 Upper P ​Supply: Upper Q Superscript Upper S ​= negative 15 plus Upper P. What is the consumer surplus in this​ market? Consumer surplus is ​$ 20.25. ​ (Enter your response rounded to two decimal​ places.)

Business
1 answer:
gladu [14]2 years ago
7 0

Answer:

400

Explanation:

Qd = 45 - 2P

Qd    = -15 + P

45 - 2P = P - 15

60 = 3P

60/3 = P = 20

Q = 45 - 2*20 = 5

Q = -15+20 = 5

The quantity will be 5 and price 20

<u>Now we will caclulate the consumer surplus:</u>

Which the area of the demand curve above the equilibrium.

We calculate he area of a triangle:

base x high / 2

\frac{(45-5)\times20}{2}

consumer surplus = 400

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A client asks his accountant to ignore a mistake which overstated the accounts receivable account. The accountant decides that t
svp [43]

Answer:

B. Stage 3

Explanation:

Kohlberg's stages of moral development refers to the various stages of how individuals respond morally and under what circumstances. The theory is based upon how morals guide our actions and moral dilemmas faced by individuals.

Among the various stages defined by Kohlberg, Stage 3 corresponds to acting to serve the best interests of the client as well as maintaining good interpersonal relationships.

Under stage 3, an individual seeks social approval in his acts i.e his actions are governed by social values.

6 0
2 years ago
Last year, you purchased 400 shares of Analog stock for $12.92 a share. You have received a total of $136 in dividends and $4,30
Alenkasestr [34]

Answer:

-$16.78%

Explanation:

Given that

Proceeds from selling the shares = $4,301

Beginning price = $12.92

The computation of capital gains yield is shown below:-

End price per share

= $4,301 ÷ 400

= $10.7525 per share

Capital gains yield = (End price - Beginning price) ÷ Beginning price

= ($10.7525 - $12.92) ÷ $12.92

= -$2.1675 ÷ $12.92

= -$16.78%

4 0
2 years ago
Reducing alcohol-related crashes in florida by 10% would save more than $__________ million in claims payments and loss adjustme
Andrei [34K]
I believe the answer is $180 million.
This amount took around 17% of the total amount of insurance claim that happened within the state.
This high amount is correlated to the fact that Florida containt a lot of tourist night clubs/bar which increase the likelihood of drunk driving activities.
3 0
2 years ago
Read 2 more answers
An automobile dealer expects to sell 1250 cars a year. The cars cost $9000 plus a fixed charge of $1000 per delivery. If it cost
Brilliant_brown [7]

Answer:

Order size = 50 cars

The number of orders=25

Explanation:

<em>The Economic Order Quantity (EOQ) is the order size that minimizes the balance of ordering cost and holding cost. At the EOQ, the carrying cost is equal to the holding cost.  </em>

It is computed using the formulae below  

EOQ = √ (2× Co× D)/Ch  

Co- Ordering cost, Ch- Carrying cost - D- Annual demand  

EOQ= √2× 1000× 1250/1000= 50

Number of cars to be ordered per time, i.e optimal order size= 50 cars

Order size = 50 cars

b)

The number of times orders should be placed per year would be calculated as follows:

The number of orders = Annual demand/ order size

The number of orders= 1250/50 = 25

The number of orders=25

4 0
2 years ago
Near an ocean beach, a high-rise building is being constructed that will block the scenic view of the ocean by the residents of
lianna [129]

Answer:

The correct answer is The owners themselves.

Explanation:

The Coase Theorem points out that if property rights are well defined and transaction costs are zero, the negotiation between the parties will lead us to an optimal point of allocation in the market.

According to Coase's theorem, when the parties can negotiate freely and without major costs, it does not really matter which part initially has the right of ownership since in the end it will remain in the hands of those who value it most. The final result of the negotiation will lead us to an optimal allocation of resources.

Property rights indicate who owns or has permission to do something.

4 0
2 years ago
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