What is the equilibrium price and quantity

Assignment Help Business Management
Reference no: EM132194737

Quarterly demand and supply for the Petram Company is given by Qd = 1000 + 0.5M + 0.25A - 100P and Qs = -750 + 100P, where Q is quantity per quarter, P is price, M is income, and A is advertising expenditure. Suppose that A = 1000 and M =20,000, and answer the following questions.

What is the equilibrium price and quantity?

What is the inverse demand?

Please include the letter with each part of your answer (a, b).

Reference no: EM132194737

Questions Cloud

How can they get out of trouble : How can they get out of trouble? Compare this to other non euro countries that have had crises.
Transmission mechanism of monetary policy : In discussing the interest-rate transmission mechanism of monetary policy, we noted that its effect is rather weak. Describe why this effect is not particulary
Spread between us treasury bonds and municipal bonds : Describe the impact of this change on the spread between US Treasury bonds and municipal bonds?
What type of price discrimination : Often the fee structure for electric companies are based off of the quantities that a customer consumes, and that on average the price of electricity
What is the equilibrium price and quantity : What is the equilibrium price and quantity? What is the inverse demand? Please include the letter with each part of your answer (a, b).
Health service organization : Health insurance provider [health service organization (HMO), fee for service (FFS), Preferred Provider Organization (PPO)] types in order of increasing
Threat of a lawsuit accomplish these purposes : What are the intended purposes of medical malpractice? Does the threat of a lawsuit accomplish these purposes?
What is the coase theorem : What is the Coase Theorem? What is a price ceiling? What is a price floor? What are the problems that minimum wage causes?
Choose a treasury bond over a corporate bond : Will a risk averse investor always choose a Treasury bond over a corporate bond (assume the maturities are the same)? Explain your answer.

Reviews

Write a Review

Business Management Questions & Answers

  Forces and trends research for suntrustresearch three

forces and trends research for suntrustresearch three forces or trends from the remote or industry environment. you

  Social media and traditional media

What are the differences between social media and traditional media when it comes to threats?

  Is there proverbial glass ceiling for groups of people

Research diversity mission statements for corporations as well as non-profit organizations and summarize what seem to be common elements in those statements.

  What are the tax consequences for hawk

The stock of Hawk Corporation is owned similarly by three sisters, Michele, Melanie and Miranda. Hawk owns land basis of $250,000, fair market value of $210,000 that it has detained for investment for eight years.

  Captive pricing strategy

Gillette, when they release a new shaving system, considers both the sale of the razor and the longer revenue stream from the sale of blades and follows a Captive Pricing strategy.

  Stock market crash and subsequent depression

Finally, compare and contrast the 1929 Stock Market Crash and subsequent Depression of the 1930s with the 2008 Stock Market debacle and our current global Recession/recovery.

  Ethics and social responsibility of business plan

Describe the ways in which your company is committed to being a good corporate citizen - how your company's activities will affect the environment and identify the steps you will take to mitigate any negative impacts.

  User and returns the indicated output

Build a script so it takes the supplied first name of a user and returns the indicated output. The script should retrieve information for the user the script is run against and an error message if no user is found.

  Why is beauty better than intelligence

Persuade your CEO why its important to hire a beautiful person for this position. How will it help the position and the company?

  Kind of information technology tool

In your first posting, you are expected to provide one example of some kind of information technology tool that helps organizations share knowledge. Here you have a website that could give you some examples.

  Above or below equilibrium for long

Explain why the price in a free market will not remain above or below equilibrium for long, unless there is outside interference.

  Development of a job evaluation committee

Explain the role of the committee, the composition and membership, the credentials of each member, and the size of the ideal committee.

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