Identify the NonPrice determinants of supply in the dentistry field business. (per factor) In cost of production, number of suppliers, prices of goods and services, Taxes and subsidies and technology
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- Ethanol is again viewed as one part of a solution to the problem of shortages of petroleum products. Ethanol is made from a blend of gasoline and alcohol derived from corn or sugarcane. This program can be expected to Show Transcribed Text 3. Exercise 10.4 the price of sugarcane. Ethanol is again viewed as one pa alcohol derived from corn or suga This program can be expected to J not change C increase n to the problem of shortages of petroleum products. decrease the price of sugarcane.QUESTION 14 Explain the concept of supplier-induced demand (SID). What is it? For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph Arial 14pxMarket Equilibrium A retail chain will buy 900 cordless phones if the price is $10 each and 400 if theprice is $60. A wholesaler will supply 700 phonesat $30 each and 1400 at $50 each. Assuming that thesupply and demand functions are linear, find the market equilibrium point and explain what it means.
- It has been mentioned that there should be a match of supply and demand in a company that produces spare parts.Department A can produce parts at a rate of 80/day.Department B uses those parts at the rate of 10/day.Each day unused parts are added to inventory.At what rate does inventory of unused parts buid up?Price elasticity of demand is determined by the following factors except which one? A. Number and closeness of alternative modes of transport. B. Proportion and timing of disposable income C. Willingness and ability of suppliers to provide transport D. Time dimensionThe quantity demanded each month of russo Espresso Makers is 250 when the unit price is $140; the quantity demanded each month is 1000 when th e unit price is $110. the suppliers will market 750 expresso makers if the unit price is $60 or higher. At a unit price of $80 they are willing to market 2250 units Both the demand and supply equations are known to be liniear. A: Find the demand equation. B: Find the supply equation. C: Find the equilibrium quantity and the equilibrium price.
- The following table contains a monthly demand and supply schedule for large. single-topp• ng, carry-out pizza Price of pizza (per pack) Quantity demanded for pizza (per pack) Quantity supplied for pizza (per pack) Quantity demanded for good Y $21 6000 7900 6000 $17 7000 7200 8000 $19 8000 6500 10000 (A) Derive the market demand and market supply function for the carry-out pizza? (B) What Is the equilbrium price and quantity for the above market? Leave your answer in 2 decimal place (if any) C Suppose the price of a conplement good to pizza has fallen. Sketch a diagram that shows the effect of the above to the market equilbnum for pizza. Briefly explan the changesCalculate the price elasticity of demand for mobiletelephones where the quantity sold decreases from 225 to180 when the price rises from BD50 to BD57.5 3) With the help of a diagram, analyse the impact of entry ofnew suppliers into an industry on the demand and supplycurves. Make sure that your diagram is labelled clearly.Question 3 Question 6 $19 16 Question 16 13 10 30 0 Total Product Assume that supply of a product increases while the demand for it decreases. Then, the equilibrium quantity will, 100 160180 210 Quantity In order to maximize profits, this firm should charge $ Average Fixed Average Variabile Cost Cost $100.00 33.33 25.00 Question 11 2.5 points Save An Paris has a weekly income that she spends on two goods: fast food meals and sugary drinks. If she spends all her money on fast food meals, she can buy 8 of them. If she spends all her money on sugary drinks, she can buy 9 of them. Calculate the opportunity cost of one y drink (in terms of fast food meals) your answers as a number with 2 c (like 2.38 or 1.00 or 9.35) as your answer. 16.01 14.2% 12.50 11.11 10.00 $17.00 16.00 15.00 14.00 14.00 15.71 17.50 19.44 Average Total Cost $117.00 66.00 MC 34.00 30.67 SO 30.00 30.55 31.60 33.09 MR Marginal Cost $17 ATC 1.5 points (choose one and write it out exactly as it is written: increase,…
- PRICE (Yen per gram) 100 90 80 70 60 40 30 20 10 0 0 0 Demand + 20 40 60 80 100 120 140 160 180 200 QUANTITY (grams of uff per month) Graph Input Tool Demand for Uff Price of Uff (Yen per gram) to eat my uff this morning, but there wasn't any Quantity Demanded DEMAND SHIFTERS Average Income -(Yen per month) Price of Tulg (Yen per gram) Price of Snick (Yen per gram) Of Suppose that the price of a gram of uff decreased from 50 yen to 40 yen. This would cause a an increase in 50 100 100 20 50 Plug any value lower than the current number into the Average Income box. A decrease in average income causes a leftward the demand curve. the demand curve and therefore When the prices of tulg or snick change, there is a shift of the demand curve for uff. The directions of these changes imply that snick and uff are , and that tulg and uff are . For example, a Hermetian might say, "I went in my fridge. So instead of having uff for breakfast, I ate someUse supply and demand curves to illustrate and explain how each of the following events would affect the market for petrol in Singapore. Please explain and draw the daigram A global recession. A government subsidy paid to electric car manufacturers.uèstion 1 Supply will be inelastic if the producer is producing in the long run O True O False