Demand for a good provided in a perfectly competitive market is: Q
D​
=50−P and supply by Q
S
=P−20, where P is the market price of the good. What will be the equilibrium price and the equilibrium quantity? Price =$15, Quantity =35 Price =$5, Quantity =45 Price =$25, Quantity =25 Price =$35, Quantity =15

Answers

Answer 1

To determine the equilibrium price and quantity, we need to find the point at which the quantity demanded equals the quantity supplied. In other words, we need to find the price at which the demand and supply equations intersect.

Given:

Demand: Qᴰ = 50 - P

Supply: Qˢ = P - 20

Equating the demand and supply equations:

50 - P = P - 20

Solving for P:

50 + 20 = 2P

70 = 2P

P = 35

The equilibrium price is $35.

To find the equilibrium quantity, substitute the equilibrium price (P = 35) into either the demand or supply equation:

Q = 35 - 20

Q = 15

The equilibrium quantity is 15 units.

Therefore, the correct answer is: Price = $35, Quantity = 15.

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Related Questions

Coronado Industries uses the percentage-of-receivables basis to record bad debt expense and concludes that 3% of accounts receivable will become uncollectible. Accounts receivable are $385,200 at the end of the year, and the allowance for doubtful accounts has a credit balance of $2,870. (a) Prepare the adjusting journal entry to record bad debt expense for the year. (b) If the allowance for doubtful accounts had a debit balance of $887 instead of a credit balance of $2,870, prepare the adjusting journal entry for bad debt expense. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit (a) Enter an account title Enter a debit amount Enter a credit amount Enter an account title Enter a debit amount Enter a credit amount (b)

Answers

Answer:

A. Dr Bad debt expense $8,686

Cr Allowance for Doubtful account $8,686

B. Dr Bad debt expense $10,669

Cr Allowance for Doubtful account $10,669

Explanation:

(a) Prepararion of the adjusting journal entry to record bad debt expense for the year.

Dr Bad debt expense $8,686

Cr Allowance for Doubtful account $8,686

[(3%*$385,200)-$2,870]

(Being to record bad debt expense)

B.Preparation of the adjusting journal entry for bad debt expense

Dr Bad debt expense $10,669

Cr Allowance for Doubtful account $10,669

[(3%*$385,200)+$887]

(Being to record bad debt expense)

6. Responsible for the production of finished products:
O A. Manufacturer
B. Distributor
O C. Driver
O D. Seller

Answers

Answer:

The answer is A. Manufactuer

Explanation:

The manufacturer makes the item.

The manufacturer is responsible for the production of finished products. Thus, option A is appropriate.

A manufacturer is a person or business that turns raw materials into finished products using a variety of tools, machinery, and procedures, and then sells those products to customers, retailers, wholesalers, distributors, or other manufacturers who can use them to make more complicated products.

A manufacturer is an individual or organization that converts raw materials into finished goods and sells them to customers using a variety of tools, machinery, and procedures.

One of the most important economic sectors is manufacturing. It creates products that people require to survive and provides for their comfort.

Thus, option A is appropriate.

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On january 1, you sold short one round lot (that is, 100 shares) of lowe's stock at $21 per share. on march 1, a dividend of $2 per share was paid. on april 1, you covered the short sale by buying the stock at a price of $15 per share. you paid 50 cents per share in commissions for each transaction.

a. what is the value of the account on April 1st?

Answers

Answer:

Value of the account on April 1st = $300

Explanation:

Given:

Number of shares = 100

Buy back price = $15

Dividend per share = $2

Commission per share = $0.50

Price of each share = $21

Computation:

Proceed price = (21x100)-(0.50x100)

Proceed price = $2,050

Dividend = 2x100

Dividend = $200

Buy back price = (15x100)+(0.50x100)

Buy back price = $1,550

Value of the account on April 1st = $2050 - $200 - $1550

Value of the account on April 1st = $300


You earn a salary of $52,000 per year and get paid biweekly. Calculate
how much GROSS PAY you will earn for one paycheck.

Answers

Answer:

$2,166.60

Explanation:

Divide the salary by 12 months that are in a year, then divide my 2 because bi-weekly is every 2 weeks.

Managemnet is not only art and science but also a profession.Explain

Answers

Answer:

Art is wonderful art is beautiful are is mysterious art is so much more...

How do style guides differ from one another? Select all that apply. Some have rules for documenting sources; some do not. They address the needs of different academic disciplines. They include different guidelines. There are no differences between style guides.

Answers

Answer:

Option B. They address the needs of different academic disciplines

Option C. They include different guidelines.

Explanation:

Option A is incorrect because all of the writing style guides have rules for documenting sources, for example, the Harvard style says the name of the article or book must in italic format.

Different Writing Style Guides are used for different disciplines. For example, AP Style is used for stuff associated with Journalism based writings, APA is used for social sciences, MLA Style is used for literature, etc. So every writing style guide deals with a separate academic disciplines. Hence the option B is correct here.

Option C is correct because all of these writing style have different guidelines.

Option D is incorrect because there is a difference between style guides otherwise we don't have bunch of writing styles.

Answer: b & c

Explanation:

got a 100%

What accounts are affected. issued check $644 to pay for an advertisement

Answers

Answer:

Bank and Advertisement accounts

Explanation:

Journal entries

Advertisement       A/c Dr     $644

To Bank               A/c                $644  

(Being advertisement expenses made by cheque)

Bank and Advertisement accounts are affected

Two reasons why collateral is important to a borrower

Answers

The reasons why collateral is important to a borrower are:

It serves as borrower's credit worthiness .Collateral minimizes the risk for lenders.

What is Collateral?

Collateral  can be regarded as item of value that is been used to secure a loan.

In a case whereby  a borrower defaults on the loan,it is possible for lender to seize the collateral and sell it to recoup its losses. Banks require collateral on certain types of loans.

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true or false losing inventory for the year ended 31 August 2018 will be closing inventory for the year ended 31 August 2019

Answers

true because they closed

The law of demand relates primarily to which of the following?
A
the actions of producers in response to changes in prices
B
the actions of producers in response to changes in production costs
C
the actions of consumers in response to changes in prices
D
the actions of consumers in response to changes in production costs

Answers

Answer:

C. The actions of consumers in response to change in price.

Explanation:

Law of demand states that people will demand lower quantity of a good at a higher price. This law is one the fundamental principles of Economics.

The law of demand relates primarily to the actions of consumers in response to changes in prices. Thus option (C) is correct.

What is demand?

A demand of a product or a commodity is how much a consumer is willing and able to pay for a product at a given time.

The law of demand states the relationship between price and quantity demanded, ceterus paribus. It states that when the price of a product increases its demand decreases, other things remaining constant and vice versa.

The graphical representation of the law of demand is known as demand curve . When the tuition fees of a college falls then the demand for college enrollment will rise.

The law of demand relates primarily to the actions of consumers in response to changes in prices. Therefore, option (C) is correct.

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on the resume and in the interview, twelve candidates appeared to good matches to the call center job, where outbound calls are placed from the computer and a computer script is followed when someone answers. what else could be used to find the best of the twelve?

Answers

There are several ways to further evaluate and identify the best candidate from the pool of twelve applicants for the call center job. One method is to conduct a skills assessment test that specifically measures the candidate's ability to navigate and use the computer system and follow a script while making outbound calls.

This will help determine if the candidate has the technical and communication skills required for the job. Additionally, conducting behavioral interviews that ask situational questions related to the job can provide insight into the candidate's problem-solving skills, ability to work under pressure, and customer service skills.

Another approach is to check the candidate's references and past work experience to verify their skills and assess their performance in similar roles. This can also provide insights into the candidate's work ethic, reliability, and attitude towards work. Additionally, conducting a background check can help verify the candidate's qualifications and ensure that they have a good track record.

Lastly, it's important to evaluate the candidate's fit with the company culture and values. This can be assessed by conducting cultural fit interviews that assess the candidate's values, beliefs, and personality traits to ensure that they align with the company's culture. Overall, using a combination of these methods can help identify the best candidate from the pool of twelve applicants.

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which of the special occasion speeches could be delivered during a ceremony, but also delivered in workplace situations?

Answers

Acceptance speech could be delivered both at the workplace and on special occasions.

What function does the workplace serve?

People are the focus of purpose-driven work. The location serves a purpose. It embodies culture, celebrates identity, and fosters human connection. Understanding business demands and work activities are necessary to redefine the future of work, starting with the distinctive business drivers of each firm.

How can we foster a positive work environment?

The best way to foster a great workplace culture isn't governed by any strict guidelines. It requires doing the easy actions that business executives frequently overlook in order to foster a pleasant workplace culture. Embrace an Open Communication Culture. It takes open communication to create a cohesive team.

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what is the factored form of x^2-11x+24=0

Answers

Answer:

(x - 8)(x - 3) = 0

Explanation:

Use the AC method, multiplying the a by c, or the coefficient of x (which is 1) and the last term, 24.

1 x 24 = 24

Now list factors of 24:

1 x 24

-1 x -24
2 x 12
-2 x -12
3 x 8
-3 x -8
4 x 6
-4 x -6

Which of these factor's sums would equal -11 (the middle term)?

-3 + (-8) = -11

So replace -11x with -3 and -8:
x^2 - 3x - 8x + 24 = 0

Now factor by separating into two groups:
x^2 -3x and -8x + 24

GCF between x^2 and -3x is x. So factor x out.
x(x - 3)

GCF between -8x and 24 is 8. So factor 8 out.
-8(x - 3)

Now we have x(x - 3) - 8(x - 3)

(x - 8)(x - 3)

What types of planning can be done to improve a nation’s economy?
A nation can undergo ____ planning or ___ planning in order to improve its economy.

Answers

Answer:

A nation can undergo long-term planning or constructive planning in order to improve its economy. Long-term planning involves setting goals and implementing policies that will have an impact over a period of several years. This type of planning may involve investments in education, infrastructure, and research and development, among other areas. Constructive planning involves implementing policies that encourage economic growth and development, such as reducing barriers to trade, promoting entrepreneurship and innovation, and investing in key industries. These types of planning can help a nation to create jobs, increase productivity, and improve living standards for its citizens. THANK YOU

What are some things that the presenter can do to engage the audience?

Answers

Answer:

Wow

Explanation:

Co

Answer:

Start your presentation by making them think. Ask them a question, or start with statistics. Make your presentation as relatable as it can possibly get. DON'T repeat yourself. I causes the audience to get board. Don't tell them why your presentation matters, show them. Be confident and do your best. It spreads a positive message and the more confident you seem on the topic and on the presentation the more people will want to listen.

Explanation: BELIVE IN YOURSELF AND DO YOUR BEST, if it still doesn't go well, life might be trying to tell you something.

Hope this helps! I know you'll do great!

8. __ improves as degree of educational attainment increases
•borrowing rate
•savings ability
•Median income
•interest rate
9. Which term is NOT a saving instrument?
•CD
•treasury bond
•savings account
•Checking account

8. __ improves as degree of educational attainment increasesborrowing ratesavings abilityMedian incomeinterest

Answers

8. Median income improves as the degree of educational attainment increases. Studies have consistently shown that individuals with higher levels of education tend to earn more money than those with lower levels of education. This is because education can improve job skills, increase productivity, and lead to better job opportunities.

Borrowing rate and interest rate may be influenced by educational attainment to some extent, but there are other factors that can also affect them, such as credit history, economic conditions, and market forces.

Savings ability may also be influenced by educational attainment, as individuals with higher levels of education may have better financial literacy and planning skills. However, the relationship may not be as strong as the relationship between education and income.

Therefore, the correct answer is Median income.

9. A checking account is not a savings instrument. A savings instrument is a financial product or account that is designed to help individuals save money and earn interest. Checking accounts, on the other hand, are designed for everyday transactions, such as paying bills, writing checks, and withdrawing cash.

CDs (certificate of deposit), treasury bonds, and savings accounts are all examples of savings instruments. CDs and treasury bonds are long-term investments that typically offer higher interest rates than savings accounts, but also have restrictions on when the funds can be withdrawn. Savings accounts, on the other hand, are more flexible and allow for easy access to the funds.

Therefore, the correct answer is Checking account.

what characteristics of good corporate citizenship does brian display? citizenship is the actions, attitudes, and behaviors that go above and beyond those required on a job description.

Answers

Giving everyone an equal chance is essential to being a good corporate citizen. Giving priority to fairness, diversity, and inclusion is one approach to achieve this. Your business should be diverse, and everyone should feel at home there regardless of their origins or identities.

Diversity is the term used to describe the traits that make each of us unique, such as our histories, personalities, experiences, and beliefs—all of which help to define who we are. Our variety intersects to influence our viewpoint, perspective, and methodology. Diversity is the inclusion of a wide variety of individuals from various backgrounds. Gender, race, ethnicity, financial status, age, cultural, religious, and political diversity are a few examples of variety. Diversity allows people to learn from one another's knowledge and experiences. Incorporating a range of opinions and concepts enhances problem-solving. Communication is improved and innovation is encouraged when working in diverse teams. The value of variety also relates to our culture.

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Which investment is better stocks, bonds, or mutual funds and why?

Answers

\(\text{Hello There!}\)

\(\bold{Stocks}\) \(\text{is the act of putting money in a business and expecting to make a profit.}\)

\(\bold{Bonds}\) \(\text{are more of a safe to invest in, however, you cannot sell them for 12 months.}\)

\(\bold{Mutual\;Funds}\) \(\text{ is the act of investing in securities with other investors}\)

  Mutual Funds can be a good option if you're okay with the lack of investment decisions; however, people often lose money due to the risk of securities going down in value.

  \({\underline{\underline{{Stocks}}}\) are going to be your best option for short-term investments.

   \({\underline{\underline{{Bonds}}}\) are going to be your best option for long-term investments.

 \({\underline{\underline{{Mutual\;Funds}}}\) are going to be your best option for investing in bigger stocks.

\(\boxed{There\;isn't\;a\;"best"\;option;\;it\;depends\;on\;what\;you\;prefer.}\)

\(\rule{300}{1.0}\)

if ford mustang costs $30,000 in the us and 40,000 pounds in the uk and the current exchange rate between pound and dollar is $1.2 per pound, then according to ppp pound is ______ and should ________.

Answers

Based on the information given, it can be deduced that according to ppp, pound is overvalued and should depreciate.

Purchasing power parity (PPP) simply means the idea that goods in a country will be the same cost in another country once their exchange rate is applied.

From the information given, since Ford Mustang costs $30,000 in the us and 40,000 pounds in the uk and the current exchange rate between pound and dollar is $1.2 per pound, then, pound is overvalued and should depreciate.

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TRUE OR FALSE: A mathematics professor at a university would fall under both the Education and Training career cluster and the STEM career cluster.

Answers

Answer is : True
Explanation: none

dan works in a potato chip manufacturing plant and is in charge of monitoring the process using dimensions such as timeliness (chip per minute), cost (cost per chip per minute), and quality (oil saturation per square centimeter). dan focuses on: group of answer choices process control process improvement process management process design

Answers

Manufacturing plant and is in charge of monitoring the process using dimensions such as (chip per minute), cost (cost per chip per minute), and quality (oil saturation per square centimeter). focuses on process control.

Manufacturing is the process of creating products by hand or machine, which the company then sells to a customer. Raw materials or little pieces of a larger product may be the items used in manufacturing. On a large-scale production line with specialized staff and equipment, manufacturing often takes place. The level to which a process, product, or service satisfies a certain set of characteristics or requirements is referred to as quality. A collection of inherent qualities and a set of requirements can be compared to assess something's quality. Attribute, character, and property are some typical synonyms for quality. Despite the fact that they all refer to "an inteligible trait by which an item may be identified,"

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Based on the NSPE Code of Ethics, was the Purchasing Manager correct in refusing to share the outside vendors’ quotes? Where is this addressed in the Code of Ethics?

Answers

Based on the NSPE Code of Ethics, the Purchasing Manager was correct in refusing to share the outside vendors' quotes.

This is addressed in the NSPE Code of Ethics under the section "Engineers shall avoid conflicts of interest." Specifically, it states that "Engineers shall not reveal facts, data, or information without the prior consent of the client or employer except as authorized or required by law or this Code."

By sharing the outside vendors' quotes without their consent, the Purchasing Manager would be violating this section of the Code of Ethics. It is important for engineers to maintain the confidentiality of their clients and employers in order to avoid conflicts of interest and maintain professional integrity.

In conclusion, the Purchasing Manager's decision to refuse to share the outside vendors' quotes was in line with the NSPE Code of Ethics and was the correct decision.

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a company reported on its balance sheet: equipment of $10,000 and accumulated depreciation of $2,000. book value for the equipment equals:

Answers

The book value of the equipment when there is equipment of $10,000 and accumulated depreciation of $2,000 is $8,000.

How do you determine the book value of the equipment?

The book value of the equipment is calculated as the original cost of the equipment minus accumulated depreciation.

In this case, the original cost of the equipment is reported as $10,000 and the accumulated depreciation is reported as $2,000.

So, the book value of the equipment can be calculated as:

Book value = Original cost - Accumulated depreciation

Book value = $10,000 - $2,000

Book value = $8,000

Therefore, the book value of the equipment is $8,000.

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the internal control standards applicable to sarbanes oxley apply to

Answers

The internal control standards applicable to the Sarbanes-Oxley Act (SOX) apply to publicly traded companies in the United States.

The Sarbanes-Oxley Act, passed in 2002, was enacted in response to corporate accounting scandals to enhance corporate governance, financial transparency, and accountability. The Act applies to companies listed on U.S. stock exchanges or conducting business in the United States. Key provisions of SOX include requirements related to financial reporting, internal controls, and auditor independence.

Section 404 of the Sarbanes-Oxley Act specifically focuses on internal control over financial reporting (ICFR). It requires management to assess and report on the effectiveness of a company's internal controls related to financial reporting. It also mandates that external auditors attest to and report on management's assessment.

Internal control standards under SOX include guidelines and requirements for establishing, maintaining, and evaluating internal control systems. These standards aim to ensure the reliability and integrity of financial reporting, safeguard assets, and prevent fraudulent activities. They cover areas such as risk assessment, control activities, information and communication, monitoring, and documentation.

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Question 71 pts
Leaders are responsible for all of the following except:
Group of answer choices
Establishing customer wants or needs
Establishing and communicating a vision
Setting goals and objectiv

Answers

Leaders are responsible for establishing customer wants or needs, establishing and communicating a vision, setting goals and objectives, and managing resources. However, they are not responsible for removing causes of failure.

Leaders need to understand the needs and preferences of their customers or target audience. By analyzing market trends, conducting market research, and staying informed about customer feedback, leaders can make informed decisions and align their strategies to meet customer expectations.

Leaders are responsible for creating a compelling vision for the organization or team. This vision provides a clear direction and purpose, inspiring and motivating employees to work towards a common goal.

Leaders set specific, measurable, achievable, relevant, and time-bound (SMART) goals and objectives for their teams. These goals help define expectations, provide clarity, and enable progress tracking.

Leaders allocate and manage resources effectively, ensuring that the necessary tools, materials, finances, and personnel are available to support the team's efforts in achieving the set goals.

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The complete question is:

Leaders are responsible for all of the following except:

Group of answer choices

Establishing customer wants or needs

Establishing and communicating a vision

Setting goals and objectives

Removing causes of failure

Managing resources.

How would rapid inflation affect the accuracy and relevance of a manufacturing company's balance sheet and income statement? does your answer depend on how much debt the firm has issued?

Answers

Rapid inflation can have a significant impact on the accuracy and relevance of a manufacturing company's balance sheet and income statement. Inflation erodes the purchasing power of money, causing the value of assets and liabilities to change over time.

Firstly, rapid inflation can distort the valuation of assets on the balance sheet. Fixed assets, such as property or equipment, may be undervalued because their historical cost does not reflect their replacement value in an inflationary environment. Similarly, inventory values may become outdated and not represent their current market prices.
Secondly, inflation affects the relevance of the income statement. The cost of goods sold (COGS) is typically based on historical costs, which can lead to understating expenses. As a result, the gross profit margin may be inflated, giving an inaccurate picture of the company's profitability. Additionally, depreciation expenses may not accurately reflect the replacement cost of fixed assets due to inflation.
The impact of inflation on a company's balance sheet and income statement can be influenced by the amount of debt the firm has issued. If the company has issued debt with fixed interest rates, inflation can erode the real value of the debt over time, reducing its burden. On the other hand, if the firm has variable interest rate debt, inflation can increase interest expenses, impacting profitability.
In conclusion, rapid inflation can affect the accuracy and relevance of a manufacturing company's balance sheet and income statement by distorting asset valuations and understating expenses. The impact can be further influenced by the amount of debt the firm has issued.

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Which change is illustrated by the shift taking place on this graph?

an increase in supply
a decrease in supply
an increase in demand
a decrease in demand

Which change is illustrated by the shift taking place on this graph?an increase in supplya decrease in

Answers

The change illustrated by the shift of the curve in the graph is a decrease in supply.

What is the supply curve?

The supply curve is curve that shows the relationship between price and quantity supplied. The supply curve is positively sloped. As price increases, quantity supplied increases.

What is a decrease in supply?

When there is a shift to the left, it means there is a decrease in supply. The factors that can lead to a decline in supply are:

decrease in the number of suppliersincrease in the price of inputs

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Answer:

b

Explanation:

a decrease in supply

PLS I NEED THREE DIFFERENCES BETWEEN NEEDS AND WANTS

Answers

Answer: yes

Explanation

What is a "need" and what is a "want"

three difrences between needs and wants. Needs and wants are two of the most common words used in our everyday language, but what is the difference between them? Generally speaking, a need is something necessary for survival, such as food or shelter. A want, on the other hand, is something desired but not necessarily necessary, such as a luxurious vacation or the latest electronic device. To better understand the differences between needs and wants, here are three key distinctions:

1. The impulse to acquire: When it comes to needs, there is often a sense of urgency and obligation associated with them. We have an impulse to acquire what we need in order to survive and thrive. Wants, however, do not have this same feeling of urgency. We may want something, but there is no real obligation to acquire it and our lives will go on without it.

2. Sources of satisfaction: Needs are typically associated with a sense of satisfaction when they are satisfied. For example, eating when you are hungry or getting a good night’s sleep after a long day. On the other hand, wants

duck corporation's retained earnings increased $44,800 during the current year. what was duck's current year net income or loss given that duck declared $54,800 of dividends during this year?

Answers

Simple math may be used to determine how much a corporation pays in dividends: just deduct net internal funds from annual net income.

What does business income mean?

Income from the selling of goods or services is one type of business income that is permissible. For instance, a person's fees from the normal activity of a specialty are considered business revenue. Rent payments made by a real estate investor are considered business revenue.

What do business income and profit mean?

Profit is the sum that remains after all costs have been deducted from the revenue, to put it simply. Simply said, income is the real sum of cash a business makes.

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A customer needs to attach a
A. credit report
to a customer authorization form

Answers

Well, may you elaborate a bit more? I’d be glad to help
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