Assume that the demand curve D(p) given below is the market demand for widgets: Q=D(p)=1651−14pQ=D(p)=1651-14p, p > 0 Let the market supply of widgets be given by: Q=S(p)=−5+10pQ=S(p)=-5+10p, p > 0 where p is the price and Q is the quantity. The functions D(p) and S(p) give the number of widgets demanded and supplied at a given price.       What is the equilibrium price? Please round your answer to the nearest hundredth. Answer (1 point)

Q: debt of P 10,000 with interest at the rate of 20% compounded semi-annually is to be amortized by 5…

A: Size of payment The size of the payment is computed in the amortization of the loan. It is computed…

Q: In Italy, firms pay tax on reported profits at a constant proportionate rate t € (0,1). If the…

A: Let,  Audited Probability = P Non-audited probability = (1-P) Tax reported without an audit = tr

Q: 5. Kraft is a limited partner of Johnson Enterprises, a limited partnership. As provided in the…

A: A liability is an obligation owed by an individual or business, typically in the form of money. Over…

Q: (a) Does the probability of passing the test depend on Experience? Explain. (b) Matthew has 10 years…

A: Given  The model in column 2 is a logit regression model in which the dependent variable is the log…

Q: 3. An income tax. Suppose the U.S. Congress decides to levy an income tax on both wage income and…

A: Comprehending the Solow Model depends on understanding the steady-state. Investment and depreciation…

Q: Procter & Gamble Co. is a major soap producer. All of the following, except one, would shift its…

A: In economics, the concept of supply is used to determine the quantity of a commodity or service…

Q: Arrange the following revenues in the federal government, from greatest to least. (1 being the…

A: Since you have posted multiple questions, as per the Bartleby guidelines we can solve only one…

Q: 2. What does it mean for goods to be perfect compliments? Give one example.

A: As mentioned I will be only answering question 2. There are many types of goods in this world and…

Q: An investor purchases a 30-year U.S. government bond for $840. The bond’s coupon rate is 10 percent…

A: Yield to Maturity, sometimes referred to as redemption yield or book yield, is nothing more than the…

Q: Amanda inherited P280,000 on her 30th birthday. She placed it on a pension fund which earns an…

A: Note: My dear student, As per bartleby guidelines I have done only one answering at a time. Please…

Q: 1) A tax on sellers shifts the A) Supply; left B) Supply; right C) Demand; left D) Demand; right…

A: Incidence of tax: Incidence of tax implies the division of tax burden among the buyers and sellers.…

Q: The budget set, or budget constraint, in the graph shows the possible combinations of brownies and…

A:

Q: Give proper Explanation of the answer  Cathy is willing to pay$40for a subway and Aby is willing to…

A: Consumer surplus is the difference between maximum price consumer is willing to pay and actual pice…

Q: This supply schedule gives 2 points on a market supply curve. Which of the following is true about…

A: Price elasticity of supply measures the responsiveness in quantity supplied of a commodity to a…

Q: Declining balance method is a form of accelerated depreciation. Also known as the 200% declining…

A: A ongoing, permanent, and progressive decline in the book value of fixed assets is referred to as…

Q: 18. Select all that apply. In a perfectly competitive market, MR equals Price Average revenue Total…

A:

Q: 1 Marginal utility and marginal rate of substitution Suppose an individual who derives utility u(x,…

A:

Q: A bond pays P342 interest per year and has face value of P9,320 at the end of 12 years, when it has…

A:

Q: 1

A: Price index Using a series of statistics to compare the amounts for just about any two time periods…

Q: You want to purchase a new car in 5 years and expect the car to cost $18,000. Your bank offers a…

A: In the realm of economics, money stored in a bank  or any financial institution is referred to as a…

Q: As observed in a certain appliance store when the price of electric fan increased from 1000 to 1200…

A: Cross-price elasticity measures the responsiveness of change in demand of one good to change in the…

Q: Which of the following would cause a financial account (FA) surplus? a. the sale of heavy trucks…

A: When it comes to financial assets, a financial account is a part of a nation's balance of payments…

Q: Joe Snow’s income declines as he rejoins the Black Watch, and as a result, he buys more wine. Is…

A: The normal good refers to the good which is positively related to the income level of consumer. Put…

Q: You have a total of $2,520,000 in your retirement account right now. You plan on making a uniform…

A: Present value is the value of investment in today's dollar.    Future value is the value of…

Q: whole story. Discuss what the unemployment rate is telling us. Explain what the unemployment rate…

A: In January , the working age population is given by 254.1 million Out of this , employed = 152.1…

Q: The demand curve and supply curve for one‐year discount bonds with a face value of $1,050 are…

A: Demand for the bonds : P = −0.8 * Q + 1160 or Q = 1450 - 1.25P Supply for bonds : P = Q + 720 or Q =…

Q: In which of the following cases would government intervention in a market result in an increase in…

A: Subsidy is the term used to describe government assistance or incentives given to producers to…

Q: Assume that you have all your wealth (one million dollars) invested in the Vanguard 500 index fund,…

A: The term "standard deviation refers to a measurement of the data's dispersion from the mean , if…

Q: A deficit in the financial account means that the nation has: a. imported more assets than it has…

A: Capital and current accounts make up a country's balance of payments. Trade balances, NFIA, and…

Q: DI=Y OUTPUT/INCOME      CONSUMPTION(C)       SAVINGS (S)         MPC          MPS           APC…

A: We use the following formulas to solve the above questions: 1) Income = Consumption + Savings So,…

Q: Designers of the Fed constrained the central bank from issuing too many notes by ...

A: Answer is option e: requiring the Fed to set short term interest rates to maintain a stable rate of…

Q: A lent Php 5207 to B for 2 years and Php 5721 to C for 4 years on simple interest at the same rate…

A: Given  A lent PHP 5207 to person B for 2 years and PHP 5721 to person C for 4 years. Total interest…

Q: Which of the following explains why the supply curve is upward sloping? At a lower price, consumers…

A: A supply curve determines the relationship between the price of a good and its quantity supplied.…

Q: For the cost function C(x) 125x + 375 x+7 where C is in dollars and x is the number produced in…

A:

Q: A man borrowed some money from a private at 5 % simple interest per annum. He landed this money to…

A: We use the following formulas to solve for the Simple Interest: Simple Interest = Principal X Time X…

Q: 2. If a higher inflation is expected, what would you expect to happen to the shape of the yield…

A: The theory of pure expectation:Market expectation theory is another name for it. According to this…

Q: mining Cutting Speeds in Machining Economics) ing operation is performed with HSS tooling on mild…

A: Machining or metal cutting is one significant part of the creation framework. Extreme protesting of…

Q: Consider the average annual growth rate 3.51% of 2000-2005, forecast the nationals population in Abu…

A: It is given that: Year Abu Dabi       Nationals Non-nationals Total 1980 90792 361056 451848…

Q: You are offered a 15-year investment and ask to select your preferred terms of interest which of the…

A: In this question, we will convert 8% interest rate compounding (continuously, annually,…

Q: Compute the expected intrinsic price of each stock in year 5. Assume that All stocks are fairly…

A: Note: dear student you have posted multiple question, we will solve 1-3 for you. Please repost rest…

Q: The opportunity cost of an action: 1) can be determined by considering both the benefits that flow…

A: Opportunity cost is the cost of one good in terms of other.  Opportunity cost shows the sacrifice of…

Q: Your retirement account has a current balance of $56,500. What interest rate would you need to be…

A: Given that, Present value = $56,500 Future Value = $1,500,000 Numbers of Years = 40 Annual Deposit…

Q: going to earn ωt = $200,000 when working (age 21 and 60), and then you are going to live for the…

A: wt = 200,000 n = 20 r = 5%

Q: A consumer of two goods has utility u(x₁, x2) = x²x₂. In addition to her wealth w, the consumer…

A: Utility Function : U = x12x2 Budget Constraint : p1x1 +p2x2 = w Optimal consumption point is…

Q: A consumer has utility u(x₁, x₂) = ₁ + ₁22. Suppose that, because of a shortage of good 1, the…

A: Utility function  : u(x1 , x2 ) = x1 + x1x2  Price of good 1 : P1  , Price of good 2 : P2  Income =…

Q: A lent Php 6615 to B for 2 years and Php 5783 to C for 4 years on simple interest at the same rate…

A: Given:  B’s Principal = Php 6615 C’s Principal = Php 5783 Time for B = 2 years Time for C = 4 years…

Q: 8. The confederation's proposals were rejected and, in 2000, the French government attacked the…

A: The reduction of minimum wage confederation is rejected Government started a new policy of 35 hours…

Q: Answer asap n correctly n give proper explanation of the question . (long run production) For…

A: To determine whether a production function has increasing, decreasing, and constant returns to…

Q: This table shows the values of different elasticities of demand for yogurt at the market equilibrium…

A: Elasticity is the concept that is used to determine the changes in demand or supply due to changes…

Q: Disadvantages of Globalization(at least 5)

A: Globalization is defined as the integration of different economies of the world through trade of…