subject
Business, 16.07.2019 21:20 bri9263

Market equilibrium consider the demand function of tofu given by qd = 150 – 10p + 5pb and the supply function of tofu given by qs = 50 + 20p – 7ps, where pb is the price of beef and ps is the price of soybeans. a) find the equilibrium price (pe) and quantity (qe) of tofu, in terms of the beef price (pb). consider the average soybean price to be ps = 2 $/lb. b) calculate pe and qe when beef price is pb = 5 $/lb. c) if the price of tofu is fixed at @ 2.5 $/lb, will the market have excess demand or excess supply? explain. d) the willingness to pay for tofu increased significantly after the plant-based burger battle organized in davis. the new demand is given by qd = 180 – 10p + 5pb). keeping the same supply function, what are the new pe and qe? (consider the same pb = 5 $/lb and ps = 2 $/lb.)

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 05:00
Xie company identified the following activities, costs, and activity drivers for 2017. the company manufactures two types of go-karts: deluxe and basic. activity expected costs expected activity handling materials $ 625,000 100,000 parts inspecting product 900,000 1,500 batches processing purchase orders 105,000 700 orders paying suppliers 175,000 500 invoices insuring the factory 300,000 40,000 square feet designing packaging 75,000 2 models required: 1. compute a single plantwide overhead rate, assuming that the company assigns overhead based on 125,000 budgeted direct labor hours. 2. in january 2017, the deluxe model required 2,500 direct labor hours and the basic model required 6,000 direct labor hours. assign overhead costs to each model using the single plantwide overhead rate.
Answers: 3
question
Business, 22.06.2019 19:50
Our uncle has $300,000 invested at 7.5%, and he now wants to retire. he wants to withdraw $35,000 at the end of each year, starting at the end of this year. he also wants to have $25,000 left to give you when he ceases to withdraw funds from the account. for how many years can he make the $35,000 withdrawals and still have $25,000 left in the end? a. 14.21b. 14.96c. 15.71d. 16.49e. 17.32
Answers: 1
question
Business, 23.06.2019 00:30
An emerging methodology to integrate the effort of the development team and the operations team to improve the functionality and security of applications is known as
Answers: 1
question
Business, 23.06.2019 08:10
Suppose that in the year 2020 the price level in the fictional country of demet is 100, and the governement is considering
Answers: 2
You know the right answer?
Market equilibrium consider the demand function of tofu given by qd = 150 – 10p + 5pb and the supply...
Questions
question
French, 25.06.2019 03:20