What is the equation for the demand curve for orange juice

Assignment Help Finance Basics
Reference no: EM131145240

Suppose that the supply and demand schedules for orange juice in the United States for 2005 is given in the following table:

a) Using this information, what is the equation for the demand curve for orange juice? 

b) What is the equation for the supply curve for orange juice?

c) Using your answers from parts (a) and (b), what is the equilibrium price and quantity of orange juice?

d) The FDA comes out with a report on orange juice that reduces tastes and causes the Qd to be 5mil gall per year lower at each price. After this report comes out, what is the new equilibrium price and quantity of orange juice?

Reference no: EM131145240

Questions Cloud

What is gasoline marginal profit and fiber marginal profit : Firms often face the problem of allocating an input in fixed supply among different products. Find the optimal crude oil allocation in the proceeding example if the profit associated with fiber were cut in half, that is, fell to $0.375 per square foo..
Formulate a lp model for given problem : Formulate an LP model for this problem to maximize the number of new customers reached by advertising.- Implement your model in AMPL and in a spreadsheet and solve it.
What is the equilibrium quantity of sweet kiwifruit : Equilibrium in the Kiwifruit Market. Consumers are willing to pay 10 cents for a sour kiwifruit and 30 cents for a sweet kiwifruit. The minimum supply price for sour kiwifruit is 6 cents and the minimum supply price for sweet kiwifruit is 18 cents..
Recycling program for paper waste : A university currently has a recycling program for paper waste. The fixed cost of running this program is $10,000 per year. The variable cost for picking up and disposing of each ton of recyclable is $40. If the work is outsourced to a recycling comp..
What is the equation for the demand curve for orange juice : Using this information, what is the equation for the demand curve for orange juice? What is the equation for the supply curve for orange juice? Using your answers from parts (a) and (b), what is the equilibrium price and quantity of orange juice?
Design program that uses cfswitch and cfcase structure : Your program must use the ColdFusion built-in function RandRange() to generate a random number between the ranges of 1 and 4, and assign this value to a variable called score.
How much is the typical buyer willing to pay for a used car : Suppose that for every 10 new cars sold by new-car dealers, 9 are plums and only 1 is a lemon. Why is the equilibrium mix in the used car market different from the mix of new cars sold?
What is probability of defective output after process shift : Design specifications require that a key dimension on a product measure 100 ± 16 units. A process being considered for producing this product has a standard deviation of six units. What can you say (quantitatively) regarding the process capability? W..
Find the amplitude period and phase shift of ladder : (a) Find the amplitude, period, and phase shift of y = 3sin[π(x – 1/3)] (b) A ladder leans against a verfical wall of a building so that the angle between the ground and the ladder is 72° and its bottom on the ground is at 3m from the wall. How long ..

Reviews

Write a Review

Finance Basics Questions & Answers

  Historical events but interpret them differently

Answer the following questions in essay format: 1-2page Sunni and Shia Muslims come from a shared historical tradition but view the history of Islam very differently. Discuss the manner in which Shia Muslims and Sunni Muslims look at the same histori..

  Review your peersrsquo posts and respond to at least two of

review the standard costs wake up and smell the coffee.article. when evaluating performance many organizations compare

  What would you pay for the following bond

What would you pay for the following bond: Coupon 8%, required yield 5% over the risk-free rate, remaining term: 12 years. At present, 12-year T-bills yield 4%.

  How value at risk can used by companies to manage exchange

A company experiences transaction exposure when its payables and receivables are impacted by unexpected changes in exchange rates because the contract is in a foreign currency. A company experiences contingent exposure when it has international co..

  Covariance between the two stocks

The stocks of Microsoft and Apple have a correlation coefficient of 0.6. The variance of Microsoft stock is 0.4 and the variance of Apple stock is 0.3. What is the covariance between the two stocks?

  Compute today stock worth

Beaksley, Corporation is a very cyclical type of business which is reflected in its dividend policy. The firm pays a $2 per share dividend every other year. Last dividend was paid last year.

  Sharpe products has 1 million outstanding shares and 7

sharpe products has 1 million outstanding shares and 7 directors to be elected. cumulonimbus holdings owns 200000

  What are variable and fixed costs of hamburger production

In a slow year, Deutsche Burgers will produce 3.2 million hamburgers at a total cost of 4.2 million. In a good year. It can produce 4.8 million hamburgers at a total cost of 55.4 million. What are the variable and fixed costs of hamburger producti..

  What will a share of stock sell for today

If the required return on Storico stock is 13 percent, what will a share of stock sell for today - What is the expected return on a portfolio that is equally invested in the two assets?

  A project produces a cash flow of 432 in year 1 137 in

a project produces a cash flow of 432 in year 1 137 in year 2 and 797 in year 3. if the cost of capital is 15 what is

  Will wal-mart need to increase reliance external borrowing

State any other key assumptions. How profitable do you anticipate Wal-Mart will be? Will Wal-Mart need to increase its reliance on external borrowing?

  You can earn 045 per month at your bank if you deposit 1500

you can earn 0.45 per month at your bank. if you deposit 1500 how long must you wait until your account has grown to

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!

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