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Market is defined by: Demand: Q=16-2P Supply:Q=4+2P. Given these equations, find the equalibrium in the market. Equalibrium Price? Equalibrium Quantity? Then find the shortage that exists when actual price is equal to P=2.
Business Economics, Economics
Suppose that Tucker Industries has annual sales of $5.80 million, cost of goods sold of $2.86 million, average inventories of $1,165,000, and average accounts receivable of $580,000. Assuming that all of Tucker's sales a ...
What is the usefulness of the total revenue test for price elasticity of demand? What are the factors that affect price elasticity of demand and price elasticity of supply? What are some applications of each?
If Average Total Costs are 16.83 at 6 units of output, what are Total Costs?
Why would the communities in the territories not be listed for government transfer payments? Why do cities and towns get government transfer income?
In a health club, research shows that on average, patrons spend an average of 42.5 minutes on the treadmill, with a standard deviation of 4.8 minutes. It is assumed that this is a normally distributed variable. Find the ...
Question: Parents decided to set aside money for their child's higher education. The objective is to provide $35,000 in today's dollars after 17 years. Their financial analyst forecasted that the average annual inflation ...
Question 1 (CO6) From a random sample of 68 businesses, it is found that the mean time that employees spend on personal issues each week is 4.9 hours with a standard deviation of 0.35 hours. What is the 95% confidence in ...
How do you calculate the annual interest rate of 12% compounded monthly. I know how to do for annually but not monthly. You are offered the opportunity to put some money away for retirement. You will receive 10 annual pa ...
Understanding the Importance of International Trade in Various Countries Whereas imports and exports in the United States each account for about one-eighth of total annual national income, in some countries the figure is ...
Roza from STV recently said that Fiscer will start paying dividends in the medium term future because of all of the cash flow that it generates (coupled with a cash balance in excess of $20 billion). When pressed on the ...
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Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate
Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p
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Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int
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