Suppose the demand curve for almonds is given by P = 8 - 2Q, and the supply curve of almonds is given by P = 2 + Q, where P is the price of almonds (dollars per pound) and Q is the quantity of almonds (thousands of pounds). a. Calculate the equilibrium price and quantity of almonds. b. Suppose the government imposes a price ceiling of $3 per pound on almonds. Will this price ceiling be effective? If so, explain whether the price ceiling will create an excess demand or excess supply of almonds and calculate the size of the excess demand/supply. If not, explain why not.

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Give an introduction to the organisation then comment on the organization's strategy, how they are positioned in the market and their external environment Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.

Bags/Participants Fixed Cost Variable Cost Total Cost 0 $1,700 $ - $1,700 100 $1,700 $500 $2,200 200 $1,700 $1,200 $2,900 300 $1,700 $2,700 $4,400 400 $1,700 $5,200 $6,900 500 $1,700 $9,000 $10,700 600 $1,700 $15,000 $16,700 700 $1,700 $23,800 $25,500 800 $1,700 $36,800 $38,500 900 $1,700 $55,800 $57,500 1,000 $1,700 $83,000 $84,700   Given the above information on cost, if you charge $15 per entry, what is the breakeven quantity of bags that you should order?  At what quantity of bags will profits be maximized? A   Use the profit maximizing rule, MR ≥ MC, buy 300 bags. B   Use the profit maximizing rule, MR ≥ MC, buy 200 bags. C   Use Qb = F/(MR-AVC) where Qb is the breakeven quantity to be determined, the optimal quantity of bags is 300. D   Use Qb = F/(MR-AVC) where Qb is the breakeven quantity to be determined, the optimal quantity of bags is 200.