For the supply equation below, x is the quantity supplied in units of 1000 and p is the unit price in dollars. p =1/2x + 40; p = 49   b) Determine the number of units of the commodity the supplier will make available in the market at the given unit price. thousand units

The army is attempting to determine the optimal replacement age for a piece of field equipment. The equipment costs $280,000 to replace. The manufacturer will supply a rebate toward the next purchase that declines at a rate of 20 percent per year. Maintenance costs for the first year are estimated to be $1,000, and they increase roughly at the rate of 18 percent per year. Estimate the number of years that the army should hold the equipment before making a replacement.(Production and Operation Analysis by Steven Nahmias, 7th edition, pg.774 Problem # 24)

In your country, the demand curve of a litre of petrol is given by: P = 124 - 3QD. Due to political unrest coupled with the slow recovery from pandemic, the global price of petrol surged which led to an increase of price per litre of petrol in your country from TK58 to TK88. After the price rise, the employees of the company you work for demanded a pay-raise. Your employer, hence, increased your income from 32954 taka to 42762 taka. The new demand curve at the new income level is P = 139 - 3QD.   i. Calculate the income elasticity of demand (YED). ii. Now assume that the increase in income (and the subsequent shift of the demand curve) had occured before the rise in price, then what would the YED be?

Use a single excel file with formulas within answer cells. Show formulas for how to get the answer. The ticketing office at a professional sports venue has noticed that ticket sales seem to fluctuate. The manager wants to introduce the strategy of demand-pricing in order to maximize attendance and therefor revenue.  Based on historical sales, manager wonders if there is a connection between winning percentage (in decimal form) of the team and attendance (seats). Attendance (seats) Winning Percentage (decimal form) 78,000 0.6 89,000 0.67 93,000 0.7 59,000 0.5 65,000 0.55 97,000 0.9 86,000 0.6 75,000 0.55 91,000 0.8 61,000 0.52   What is the forecasted attendance if winning percentage is 0.67?

please solve this on a paper i uploaded it before but the answer is wrong

All of the following are examples of a “fundamental unit of business” that could be used in creating a bottom-up market model except: a. Total physicians adopting a device within a given period b. Total sales within a given period c. Number of facilities purchasing a piece of equipment in a given period. d. Number of procedures performed with a technology in a given period

Answer the question based on the following supply and demand schedules in units per week for a product. Price Quantity Demanded Quantity Supplied $ 60 100 400 50 140 340 40 180 280 30 220 220 20 260 160 10 300 100 Refer to the above table. If demand increased by 100 units at each price level and the government set a price ceiling of $40, then there would be Multiple Choice a shortage. a surplus. no shortage or surplus. a decrease in supply.

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For each of the following articles below, analyze the impact of a change in demand or a change in supply or both (or it may not necessarily illustrate a change) on price equilibrium price, market price) for the good under consideration and draw the appropriate graph for each article. Use D., S.. P., and O. to symbolize initial demand, supply, equilibrium price and quantity respectively. Use D,, S., P., and Q, to represent the new demand, supply, equilibrium price and quantity respectively Asia import mono ethylene glycol (MEG) prices weakened this week amid falling polyester sales, and the market will be likely under pressure as downstream demand may slow gradually amid a second wave of coronavirus infections in overseas markets