Question: Need help with this one is really confusing. i need an explanation with answer 1. Suppose consumers will demand 70 units of a product when

Need help with this one is really confusing. i need an explanation with answer

with answer 1. Suppose consumers will demand 70 units of a product

Suppose consumers will demand 70 units of a product when the price is $12.20 per unit and 25 units when the price is $20.20 each. Find the demand equation, assuming that it is linear. Find the price per unit when 35 units are demanded. Find the demand equation, where p is the price per unit and q is the quantity of units demanded. P = (Simplify your answer.)A bank account pays 5.7% annual interest, compounded monthly. How much must be deposited now so that the account contains exactly $16,000 at the end of four years? $ must be deposited now so that the account contains exactly $16,000 at the end of four years. (Do not round until the final answer. Then round to the nearest cent as needed.)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

For the project, Students should read Chapter 19 and then write a short Chapter Summary, T he world is a giant shopping mall, and Americans are big spenders. For example, the U.S. population is less...

Need help with this one is really confusing. need an answer with an explanation. 1. A manufacturer sells a product at $9.55 per unit, selling all produced. The xed cost is $2300 and the variable cost...

* Mature of the good - Whether the good is a necessity or a luxury + The availability of close substitutes * How narrowly you define a good * The share consumer's budget spent on the good * The...

Please answer all the questions with blanks, boxes, and graphs with coordinates please. Please answer all questions according to the question number. Please don't summarize the answers in paragraphs....

Montonya Company has the following selected data for the current year: Sales (10,000 units) $90,000 Direct materials 30,000 Direct labor costs 10,000 Variable manufacturing overhead 3,500 Fixed...

1. Characteristics of competitive markets The model of competitive markets relies on these three core assumptions: 1. There must be many buyers and sellers-a few players can't dominate the market. 2....

Please answer all the questions with blanks, boxes, and graphs with coordinates please. 1. Characteristics of competitive markets The competitive market model depends on the following three core...

The first two conditions imply that all consumers and firms are price takers. While the third is not necessary for price-taking behavior, assume for this problem that a market cannot maintain...

The following information relates to DICCEE PLC as at January 1, 2017 =N=000 Land & Buildings 50,900 Plant, Machinery and Equipment 34,460 Furniture and Fittings 3,690 Accumulated Depreciation:...

Identify 3 new skills you have developed during this manage personal work priorities and professional development course. Describe how these skills have helped you develop a competitive edge in your...

The main role of the board is: a . Selecting the CEO. b . Overseeing operations. c . Setting institutional policy. d . Running the institution in the absence of the CEO.

Make an innovation or you can make the product for education future, The product should be a physical product and enhance physical nature. Note that the product must not be based on technology. and...

The role of life: It consists of your own service to yourself.

Competence: What knowledge, skills and attitude do I have towards what I am going to do?

1. Imagine a real situation in your workplace or home situation, where you have given another person feedback on something he has done. a. What was your intention? b. How was the feedback perceived?...