Llustrate what are the quantities produced before and after

Assignment Help Business Economics

Reference no: EM1347703

The inverse demand function for mangos is defined by the equation p = 91 - 5q, where q is the number of crates that are sold. The inverse supply function is defined by p = 3 + 6q. In the past there was no tax on mangos but now a tax of $44 per crate has been imposed. Illustrate what are the quantities produced before and after the tax was imposed?

Suppose the National Bank of Commerce has excess reserves of $16,000 and outstanding checkable deposits of $150,000. If the reserve ratio is 20 percent, what is the size of the bank's actual reserves?

Reference no: EM1347703

Questions Cloud

Flexible budget analysis and strategic-budget analysis : Why might managers find out a flexible budget analysis more informative than the strategic-budget analysis? Describe your rationale. How might a manager gain insight in the causes of the flexible-budget variance for direct materials?

Illustrate what is likely post- merger bargaining outcome : Suppose the two newspapers merge. Illustrate what is the likely post- merger bargaining outcome.

Relational algebra expressions for names of salespeople : Illustrate relational algebra expressions for names of all salespeople, names of all salespeople having ORDER row and names of salespeople not having ORDER row.

How does consumer behavior influence purchase categories : How does consumer behavior influence purchase categories and explain what factors and relationships can motivate buying decisions, and why

Llustrate what are the quantities produced before and after : llustrate what are the quantities produced before and after the tax was imposed.

Determine the interest expense : Determine the interest expense that Rainey Corporation will show with respect to these bonds in income statement for the fiscal year ended September 30, 2010, suppose amortized premium is $67,000.

Define the radius of curvature of the mirror : How much work is completed by the Moon's gravitational field as a 915kg meteor comes in from outer space and impacts on the Moon's surface.

Production budget of franklin glass : Franklin glass works production budget was based on 200,000 units. Each unit requires two standard hours of labor for completion,. Total overhead was budgeted at $900,000 per year, and fixed rate was estimated to be $3 for each unit.

Illustrate what is the relationship among disposable income : Assume that a Swiss watchmaker imports watch components from Sweden and exports watches to the United States. Illustrate what is the relationship among disposable income and consumption expenditure.

User Account

All Pages