User Account

All Pages

Find out equilibrium quantity

Assignment Help Business Management
Reference no: EM131200021

ADVANCED ANALYSIS

Assume that demand for a commodity is represented by the equation

P=90-2Qd

Supply is represented by the equation

P=-5+3Qs

where Qd and Qs are quantity demanded and quantity supplied, respectively, and P is price.

Instructions: Enter your answer for price rounded to 2 decimal places and enter your quantity as a whole number.

a. Using the equilibrium condition Qs = Qd, determine equilibrium price.$.

b. Now determine equilibrium quantity. Units.

Reference no: EM131200021

Questions Cloud

How the department deploys organizational resources : Compare decentralization and centralization in context with how the department deploys organizational resources. How does the overall philosophy of the department support or deter community policing efforts?
Determine the fractional error in each component : determine the fractional error in each component xi so that the contribution from each component to the overall error eSRSS is the same.
Describe the purpose of your study by writing a statement : Describe the purpose of your study by writing a statement that completes the following sentence, "The purpose of this study is to..." (two to three sentences).
Evaluate preliminary design for company production process : Kristen’s Cookie Company You and your roommate are preparing to start Kristen’s Cookie Company in your on-campus apartment. The company will provide fresh cookies to starving students late at night. Suppose that demand for your cookies exceeds your c..
Find out equilibrium quantity : Instructions: Enter your answer for price rounded to 2 decimal places and enter your quantity as a whole number. a. Using the equilibrium condition Qs = Qd, determine equilibrium price.$. b. Now determine equilibrium quantity. Units.
Resources used as inputs to produce output : Briefly explain the resources used as inputs to produce output, and provide an example of each resource.
Identify the significance of physical evidence : Identify the various types of physical evidence encountered at the crime scene. Describe the preservation and collection of the firearms evidence. Describe the legal issues regarding physical evidence encountered at the crime scene.
Draw a graph illustrating the initial equilibrium : At the same time suppose that the price of corn syrup, a key ingredient in many soft drinks, rises. Draw a graph illustrating the initial equilibrium and the new equilibrium after these described changes. Provide a verbal description of the outcome i..
Economic concepts of opportunity cost : Define the economic concepts of opportunity cost, supply and demand, and marginal analysis. Discuss how they could be applied to the decision making of individuals, health care providers, or the government.

Reviews

Write a Review

Business Management Questions & Answers

  How each action might affect imis stock price

Discuss how IMI's stockholders, customers, and labor force would react to each of these actions and how each action might affect IMI's stock price.

  Level of participation in risk management activities

High level of participation in risk management activities - Why is it helpful to have a high level of participation in risk management activities?

  Strategic advantages that could be gained from breakup

Identify a company that might be worth much more if it were broken into pieces and valued separately - Explained the difficultly investors have valuing companies with multiple business units and/or accepting the insights of EVA analysis.

  Reference to strategic leadership

Consider your own leadership skills with reference to strategic leadership. Answer the following questions: Discuss the various elements of strategic leadership.

  What is the level of sales in units required to achieve

New Visions, Inc. is looking to achieve a net income of 15 percent of sales. Here's the firm's profile: Unit sales price is $10; variable cost per unit is $6; total fixed costs are $40,000. What is the level of sales in units required to achieve a..

  Comprehensive strategic plan

You should include the following elements of comprehensive strategic plan: A mission statement that describes the overall purpose of the organization and A resource needs assessment

  Business management scenario questions1 the definition of

business management scenario questions1. the definition of race specified in the statutory language of title vii

  How consumers react to new products

2-3 pages, plus a citations/sources page in MLA format, with at least three reference/citations.Apply the cognitive schema concept in understanding how consumers react to new products, brands, and marketing agents

  Reasons for historical growth in size of benefits packages

There are five reasons for the historical growth in the size of benefits packages. Which of these reasons still affects the growth of employee benefits today? Which actually might be current reasons for declines in the size of benefit packages.

  Ideal formula for a leader to motivate their subordinates

Create what you believe would be an ideal formula for a leader to motivate their subordinates to achieve desired goals. Specifically, be certain to spend some time (perhaps a paragraph dedicated to each) discussing the leader behavior that would b..

  Explain taking away the secret ballot election process

Explain taking away the secret ballot election process for union organizing and deprive employees of their democratic rights and Take a position, pro or con and explain your position

  Strategic decision support for healthcare organizations

Why is strategic decision support an essential competitive resource for healthcare organizations

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd