What is 35.5% of $210,000?
Answers
Answer:
$74,550
Step-by-step explanation:
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(millions of pounds) (millions of pounds)
$0.80 107 63 0
.90 104 71
1.00 101 79
1.10 98 87
1.20 95 95
1.30 92 103
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a. In the butter market, the monthly equilibrium quantity is million pounds and the equilibrium price is $ per pound.
b. What is the monthly surplus created in the wholesale butter market due to the price support (price floor) program? 22 million pounds 79 million pounds Zero 11 million pounds Suppose that a decrease in the cost of feeding cows shifts the supply schedule to the right by 40 million pounds at every price.
Answers
Answer:
a. In the butter market, the monthly equilibrium quantity is 95 million pounds and the equilibrium price is $1.2 per pound.
b. The correct option is zero.
c. See the attached excel file for the new supply schedule.
d. The monthly surplus created by the price support program is 18 million pounds given the new supply of butter.
Step-by-step explanation:
Note: This question is not complete. A complete question is therefore provided in the attached Microsoft word file.
a. In the butter market, the monthly equilibrium quantity is million pounds and the equilibrium price is $ per pound.
At equilibrium, quantity demanded must be equal with the quantity supplied.
In this question, equilibrium occurs at the price of $1.20 per pound and quantity of 95 million pounds.
Therefore, in the butter market, the monthly equilibrium quantity is 95 million pounds and the equilibrium price is $1.2 per pound.
b. What is the monthly surplus created in the wholesale butter market due to the price support (price floor) program?
Price floor refers to a government price control on the lowest price that can be charged for a commodity.
It should be noted that for a price floor to be binding, it has to be fixed above the equilibrium price.
Since the price floor of $1 per pound is lower than the equilibrium price of $1.2 per pound, the price floor will therefore not be binding. As a result, the market will still be at the equilibrium point and the monthly surplus created in the wholesale butter market due to the price support (price floor) program will be zero.
Therefore, the correct option is zero.
c. Fill in the new supply schedule given the change in the cost of feeding cows.
Since a decrease in the cost of feeding cows shifts the supply schedule to the right by 40 million pounds at every price, this implies that there will be an increase in supply by 40 million at each price.
Note: Find attached the excel file for the new supply schedule.
d. Given the new supply of butter, what is the monthly surplus of butter created by the price support program?
Since the price floor has been fixed at $1 per pound by the price support program, we can observe that the quantity demanded is 101 million pounds and quantity supplied is 119 million pounds at this price floor of $1. The surplus created is then the difference between the quantity demanded and quantity supplied as follows:
Surplus created = Quantity supplied - Quantity demanded = 119 - 101 = 18 million pounds
Therefore, the monthly surplus created by the price support program is 18 million pounds given the new supply of butter.
Final answer:
In the wholesale butter market, the equilibrium quantity is 95 million pounds and price is $1.20 a pound. The monthly surplus with price support is -22 million pounds showing a shortage. The decrease in cost of feeding cows shifts the supply to right, creating a potential surplus.
Explanation:
The equilibrium quantity and price in the wholesale butter market are determined by where the quantity demanded equals the quantity supplied. From the given schedule, we can see that this occur when the price is $1.20 per pound and the quantity is 95 million pounds.
The monthly surplus created due to the price support is calculated by subtracting the quantity demanded from the quantity supplied at the price floor of $1.00. This gives us a surplus of 79 million pounds - 101 million pounds = -22 million pounds, indicating a shortage rather than a surplus.
If the cost of feeding cows decreases, shifting the supply schedule to the right by 40 million pounds, the new equilibrium will need to be found again where quantity demanded equals quantity supplied. This shift would increase the quantity supplied at every price point, resulting in a potential surplus if demand conditions remain unchanged.
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M(x)=-4(x+3)-2
t(x)=-8x^2(x^2-6+1
H(x)=3x(x-2)-4
Answers
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Note: A "quadratic function" takes the form of:
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f(x) = ax² + bx + c ;
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Answer choice: [D]: " H(x) = 3x(x - 2) - 4 " ;
takes this form:
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" H(x) = 3x(x - 2) - 4 " ;
→ " 3x(x - 2) - 4 " ;
Note the "distributive property" of multiplication:
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a(b + c) = ab + ac ; AND
a(b - c) = ab - ac ;
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→ As such;
" 3x(x - 2) = (3x * x) - (3x * 2) = 3x² - 6x;
So, we can rewrite the expression:
→ " 3x(x - 2) - 4 " ;
as: → " 3x² - 6x - 4 ;
And the entire function as:
H(x) = 3x(x - 2) - 4 ;
as:
H(x) = 3x² - 6x - 4 ;
Which takes the form of a "quadratic function" ;
→ f(x) = ax² + bx + c ;
in which: a = 3 ; b = - 6 ; c = - 4 .
____________________________________________________
Answers
Answer:
3
Step-by-step explanation:
The gap between every single number of this sequence is 3.
14 - 11 = 3
8 - 5 = 3
This gap is called the common difference. You can find it by subtracting values in the sequence that are next to each other.
Answers
To find the value of w in terms of x and y, we need to substitute the given values of x and y into the equation for w. First, we are given the equation .
Let's simplify this equation before substituting it into the equation for w. Expanding the equation, we have: Now we can substitute the value of x into the equation for w. w
Substituting the value of x from the earlier equation: w
At this point, we can further simplify the equation by dividing both the numerator and denominator by 3: wTherefore, the value of w in terms of x and y is w
n summary: Starting with x
we substituted the value of x into the equation for w and simplified to obtain w
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Answers
Answer:
32
Step-by-step explanation:
so because there is 1 cup of kernels which makes 4 cups of pop corn and there are 8 cups of crenels you would multiply 8 and 4.
B) x < 5
C) x > 9
D) x < 9
Answers
Answer:
answer is b
Step-by-step explanation:
explanation in the pic!