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.)

When someone buys a fourth television for his or her house, what is the result? a. there's a decrease in the marginal utility of the television. b. the increase in demand brings leads to higher prices for televisions. c. the production of televisions becomes more efficient. d. there's a rise in the opportunity cost of buying other goods.

Bear, inc. estimates its sales at 200,000 units in the first quarter and that sales will increase by 20,000 units each quarter over the year. they have, and desire, a 25% ending inventory of finished goods. each unit sells for $35. 40% of the sales are for cash. 70% of the credit customers pay within the quarter. the remainder is received in the quarter following sale. cash collections for the third quarter are budgeted at

Trecek corporation incurs research and development costs of $625,000 in 2017, 30 percent of which relate to development activities subsequent to ias 38 criteria having been met that indicate an intangible asset has been created. the newly developed product is brought to market in january 2018 and is expected to generate sales revenue for 10 years. assume that a u.s.–based company is issuing securities to foreign investors who require financial statements prepared in accordance with ifrs. thus, adjustments to convert from u.s. gaap to ifrs must be made. ignore income taxes. required: (a) prepare journal entries for research and development costs for the years ending december 31, 2017, and december 31, 2018, under (1) u.s. gaap and (2) ifrs. (c) prepare the entry(ies) that trecek would make on the december 31, 2017, and december 31, 2018, conversion worksheets to convert u.s. gaap balances to ifrs.