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Compute to get the equilibrium price and quantity.
1) Qd= 30-5P
2) Qs= 0+5P
D- Math review
Y-4,8,12 etc
X- 36,24,12 etc
a-Find the slope for the equation in the table .
b- Find the y- intersect
c - Find the x - intersect
d - Find the equation y = f(x)
e- Find the equation x = f(y)
f- Draw a diagram showing both showing both intercept.( X on horizontal axis )
When we first learned abut the coronavirus it was very difficult to find face mask to protect yourself .some people ordered mask from China and tried to sell at very high prices but the government declared this illegal price gouging and confiscated masks from these sellers and find them .Do you think the law against price gouging was good Government policy why or why not?
Suppose the government passe a law to keep price above the $16 .
*How many units of this good will be bought and sold .?
*Calculate the value to consumers at this quantity?
* Calculate the consumers surplus at this quantity ?
* Calculate the cost of producing this quantity ?
* Calculate the producer surplus at this quantity ?
* Calculate the change in consumer surplus caused by this price floor ?
*Calculate the changenin producer surplus caused by this price floor?
* Calculate the dead weight loss caused by this price floor ?
Demand curve- Price per unit-3,5,7,9,11etc
Quantity demand - 81 ,71,61,51,41etc
supply curve-Price per unit - 5,8,11,14,17etc
Quantity supplied - 7,16,25,34,43etc
*Use the above demand and supply curves .
What is the equilibrium price and quality ?
*Calculate the value to consumers at equilibrium ?
*Calculate the consumers surplus at equilibrium ?
*Calculate the cost at equilibrium ?
*Calculate the producer surplus at equilibrium ?
*Calculate the total gains from trade at equilibrium?
Here is the more information about the market for onions in Vancouver .
Price per unit- 5,8,11,14,17etc
Quantity supplied-7,16,25,34,43etc
*Find the equation for the supply curve .
*What is the quality supplied when price =16?
* What is the cost of producing quantity supplied = 10 ?
Here is some information about the
market for onions in Vancouver.
price per unit - 3,5,7,9,11,etc
Quantity demand-81,71,61,51,41etc
Find the equation for the demand curve.
What is the quantity demand when price =8?
What is the value of what is produced when the quantity demand =21?
A fabrication company engaged in production with a capacity of 150, 000 pieces per year. But, it is just operating at 70% of its full capacity. The company has an annual income of 250, 000, annual fixed cost are 50, 000 and variable costs are 1.00 pesos per unit. How many productions of parts must be produced for break-even point?
How much should an investor be willing to pay now for 10%, 50, 000 bond that will mature in 25 years and pays interest semi-annually, if it wants to make 12% nominal interest compounded semi-annually on a bond
investment.
A 1, 500, 000 equipment has an estimated life of 20 years with a book value of 250, 000 at the end of the period. What is the depreciation charge and its book value after 10 years using the sinking fund method?
