Suppose the market demand for burritos is given by $Q_{\mathrm{d}}=40-5 P$ and the market supply for burritos is given by $Q_{\mathrm{s}}=10 P-20$, where $P=$ price (per burrito). a. Create a graph depicting the supply and demand schedules for burritos. b. What are the equilibrium price and quantity? c. Determine the consumer and producer surpluses and plot them on the graph.

When is the material price variance unfavorable? A. when the actual quantity used is greater than the standard quantity B. when the actual quantity used is less than the standard quantity C. when the actual price paid is greater than the standard price D. when the actual price is less than the standard price

You invest $12,000 in a fund paying$2 $\frac{1}{2}$ %$simple interest and$10,000 in a fund with a variable interest rate. At the end of the year, you are notified that the total interest for both funds is $870. Find the equivalent simple interest rate on the variable-rate fund.

Is impulse a vector quantity?

A particular quantity has initial value 5 and decays by $3 \%$ each day. Provide an exponential function that describes this quantity.

Austin Fisher contributed land, inventory, and $36,000 cash to a partnership. The land had a book value of$120,000 and a market value of $175,000. The inventory had a book value of$50,000 and a market value of $42,000. The partnership also assumed a$35,000 note payable owed by Fisher that was used originally to purchase the land. Provide the journal entry for Fisher’s contribution to the partnership.

This book discusses companies that are oligopolists in the market for the goods they sell. Many of the same ideas apply to companies that are oligopolists in the market for the inputs they buy.

Baseball players went on strike in 1994 because they would not accept the salary cap that the owners wanted to impose. If the owners were already colluding over salaries, why did the owners feel the need for a salary cap?

Suppose the demand curve for a product is given by $Q=300-2 P+4 I$, where $I$ is average income measured in thousands of dollars. The supply curve is $Q=3 P-50$

a. If $I=25$, find the market-clearing price and quantity for the product.

b. If $I=50$, find the market-clearing price and quantity for the product.

c. Draw a graph to illustrate your answers.

At $2.13 per bushel, the annual supply for corn in the Midwest is 8.9 billion bushels and the annual demand is 6.5 billion bushels. When the price falls to$1.50 per bushel, the annual supply decreases to 8.2 billion bushels and the annual demand increases to 7.4 billion bushels. Assume that the price-supply and price-demand equations are linear. (A) Find the price-supply equation. (B) Find the price-demand equation. (C) Find the equilibrium price and quantity. (D) Graph the two equations in the same coordinate system and identify the equilibrium point, supply curve, and demand curve.

The concept of chemical equilibrium is very important. Which one of the following statements is the most correct way to think about equilibrium? If a system is at equilibrium, the product concentration is changing over time.

Ironhaus Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Southwest. Ironhaus Restaurant Corporation, which had 40,000 shares of common stock outstanding, declared a 4-for-1 stock split. b. If the common stock had a market price of $300 per share before the stock split, whatwould be an approximate market price per share after the split?

At $4.80 per bushel, the annual supply for soybeans in the Midwest is 1.9 billion bushels, and the annual demand is 2.0 billion bushels. When the price increases to$5.10 per bushel, the annual supply increases to 2.1 billion bushels, and the annual demand decreases to 1.8 billion bushels. Assume that the price-supply and price-demand equations are linear. (A) Find the price-supply equation. (B) Find the price-demand equation. (C) Find the equilibrium price and quantity. (D) Graph the two equations in the same coordinate system and identify the equilibrium point, supply curve, and demand curve.

Solve for the indicated quantity.

X Z

If the Fed makes a decision to cut the quantity of money, explain the shortrun effects on the quantity of money demanded and the nominal interest rate.