Business, 12.12.2019 23:31 lucywood2024

Suppose the world consists of two countries: north mendota and south mendota. demand and supply for widgets in north and south mendota are as follows [hint: sketch these for yourselves].
north mendota demand: qd = 10-p
north mendota supply: qs = p
south mendota demand: qd = 6-p
south mendota supply: qs = 2p
1. if trade between these two countries is allowed, what is the "world" price of widgets [not necessarily an integer]? [hint: one way to solve this is to add up the two supply and demand curves horizontally, and solve for the world price.] enter 1 digit after the decimal point. do not include units or other words than the answer itself.

Answers: 1

Show answers

Other questions on the subject: Business

Business, 21.06.2019 20:30, bale4

Which of the following best describes how the federal reserve bank banks during a bank run? a. the federal reserve bank regulates exchanges to prevent the demand for withdrawals from rising above the required reserve ratio. b. the federal reserve bank acts as an insurance company that pays customers if their bank fails. c. the federal reserve bank has the power to take over a private bank if customers demand too many withdrawals. d. the federal reserve bank can provide a short-term loan to banks to prevent them from running out of money. 2b2t

Answers: 2

continue

Business, 22.06.2019 07:30, SophomoreSareke

Which of the following is an example of an unsought good? a. cameron purchases a new bike. b. jordan buys paper towels. c. taylor buys cupcakes from her favorite bakery. d. riley buys new windshield wipers for her car.

Answers: 3

continue

Business, 22.06.2019 19:30, Athenax

Do a swot analysis for the business idea you chose in question 2 above. describe at least 2 strengths, 2 weaknesses, 2 opportunities, and 2 threats for that company idea.

Answers: 2

continue

Business, 22.06.2019 19:40, izzyisawesome5232

The following cost and inventory data are taken from the accounting records of mason company for the year just completed: costs incurred: direct labor cost $ 90,000 purchases of raw materials $ 134,000 manufacturing overhead $ 205,000 advertising expense $ 45,000 sales salaries $ 101,000 depreciation, office equipment $ 225,000 beginning of the year end of the year inventories: raw materials $ 8,100 $ 10,300 work in process $ 5,900 $ 21,000 finished goods $ 77,000 $ 25,800 required: 1. prepare a schedule of cost of goods manufactured. 2. prepare the cost of goods sold section of mason company’s income statement for the year.

Answers: 3

continue

You know the right answer?

Suppose the world consists of two countries: north mendota and south mendota. demand and supply for...