When gas prices are $2.73 per gallon, the annual supply for gas in New York State is 135 billion gallons and the annual
demand is 141 billion gallons. When the price increases to $3.26 per gallon, the annual supply increases to 147 billion gallons and the
demand decreases to 137 billion gallons.
(a) Assuming that the supply and demand equations are linear, Ofind the supply and demand equations.
Supply Equation p =
Demand Equation p =
Note: The equations should be in the form p = mq + b where p denotes the price (in dollars) and q denotes the quantity (in billions).
The slope and y-intercept should include 3 decimal places, or be left as fractions.
(b) Find the market price and quantity.
market price p =
market quantity q =
Note: The market price and quantity should include 3 decimal places (or left as fractions), and the market price should include a dollar
sign.

Answers

Answer 1

The supply equation is p = 0.044q - 3.21.

How to compute the supply equation?

The supply will be:

p = mq + b

2.73 = 135m + b

3.26 = 147m + b

Subtract both equations

12m = 0.53

m = 0.53/12

m = 0.044

We'll substitute it and this will be:

2.73 = 135m + b

2.73 = 135(0.044) + b

2.73 = 5.94 + b

b = -5.94 + 2.73 = -3.21

The supply equation will be

p = mq + b

p = 0.044q - 3.21

The demand equation will be:

2.73 = 141m + b

3.26 = 137m + b

Subtract the equations

4m = -0.53

m = -0.1325

2.73 = 141m + b

2.73 = 141(-0.1325) + b

b = 2.73 + 18.68

b = 21.41

The demand equation will be

p = -0.1325q + 21.41.

The equilibrium condition will be:

0.044q - 3.21 = -0.1325q + 21.41.

0.044q + 0.1325q = 21.41 + 3.21

0.1765q = 24.62

q = 140

Equilibrium quantity = 140

The market price will be:

p = 0.044q - 3.21

p = 0.044(140) - 3.21

p = 2.95

The market price is 2.95.

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What is a design that can be produced to requirements even with unfavorable conditions in the production​ process?.

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Answer:

fair use

Explanation:

i just need points

Managers in a cosmetics factory have been having problems with employees starting cliques. To develop more of a team culture, the ceo suggested utilizing mary parker follett’s idea that companies should.

Answers

To develop more of a team culture, the ceo suggested utilizing mary parker follett’s idea that companies should: C. Operate as a community, with employees working in harmony.


What is team culture?

Team culture can be defined as the way  in which team members are united and they tend to understand the purpose or goals of the team by ensuring they all achieve the set goals.

Mary parker follett’s idea  stated that companies should  work as a community including the employees working in unity.

Therefore the correct option is C.

The missing options are:

A. Increase diversity.

B. Utilize time-motion studies.

C. Operate as a community, with employees working in harmony.

D. Implement a more rigid environment.

E. Strive to cut costs and increase efficiency.

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which of the following is not an economic goal of leaders of most nations? a. efficiency b. price stability c. growth d. full employment e. excess goods and services

Answers

One thing that is not the economic goal of most nations is e. excess goods and services.

What economic goals do most countries want?

Most countries want to be able to provide their people with an adequate living standard.

For this to happen, the economy needs to be growing and have price stability as well as full employment. There is no need for excess goods and services because this represents a waste of resources.

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newman's own organics is considered a socially responsible company because it:

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Newman's own organics is considered a socially responsible company because it donates to charity.

What are socially responsible company?

Socially responsible company are companies that are committed to the growth and development of their community.

They give voluntary donations to communities around them.

Therefore, Newman's own organics is considered a socially responsible company because it donates to charity.

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If neuron L is repeatedly stimulated very rapidly, what change would you expect in the postsynaptic neuron

Answers

If neuron L is repeatedly stimulated very rapidly, The expected changes in the postsynaptic neuron are: "(Option D). See the attached for the full question.

What is the postsynaptic neuron?

Postsynaptic neurons are the neurons that take receipt of the triggers from the synapse. The synapse is responsible for generating and transmitting electrical signals.

Thus, it is right to state that if neuron L is repeatedly stimulated very rapidly, The expected changes in the postsynaptic neuron are:

Several simultaneous action potentialsMovement farther away from the threshold.

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Unlike a firm that strives for market share, a firm with the objective of maximizing sales _______. a. seeks to maintain existing prices or to meet the competition's prices b. benefits from maximization of cash if it is adopted as a long-run objective c. ignores profits, competition, and the marketing environment as long as sales are rising d. possesses adequate funds and faces an optimistic future

Answers

Unlike a firm that strives for market share, a firm with the objective of maximizing sales ignores profits, competition, and the marketing environment as long as sales are rising.

What is the maximization of sales?

This is the term that is used in economics and commerce to refer to the way that the producer would use any means that is possible in order to get the highest possible sale.

The goal is to be able to raise the highest level of revenue that is possible. Hence the answer is c.

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Your mortgage is an ARM with a 1 year adjustment interval, 4% margin, and a 2% periodic cap. Your initial APR on this loan was 4.5%. Over the last 5 years the market rates of interest have risen dramatically. The current interest rate index for your loan is 8.5 %. What APR are your monthly payments being calculated on today

Answers

The APR that the monthly payments is being calculated on today will be 10.5%.

How to calculate the APR?

It should be noted that the annual percentage rate(APR) will be calculated as:

= Index + Margin

Based on the information given, the APR will be:

Index = 4.5 - 4.0 = 0.5

APR will be:

= (0.5 + 6) + 4

= 6.5 + 4.

= 10.5%

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What leadership theory best informs Skeetar Phelan about the situation she faces in gathering data and stories from Aibileen Clark and Minny Jackson? State the theory and justify your answer.

Answers

The leadership theory best suited to the plot of the movie "The Help" is the participative theory.

What is participative leadership theory?

In this leadership style, the leader is the one who helps and contributes to the work, creating ways to motivate his people and assisting in their needs, increasing team integration and the participation of all members in the decision-making process.

Therefore, in the movie "The Help" we perceive the participative leadership in the actions of Skeeter, who belongs to high society but decides to write a book about the perspective of black maids, helping them in their needs.

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Managing the Economy with Monetary Policy In this exercise you will be evaluating the economic condition of the country and making decisions in order to keep the economy level. The amount of money in circulation has a tremendous effect on the economy and inflation. Imagine if you found $100,000 in cash floating around your front yard. What would you do with it

Answers

The inference if one finds $100,000 in cash floating around your front yard is to take it to the police.

What is an inference?

It should be noted that an inference simply means the conclusion that can be deduced based on the information given in a literary work.

In this case, the inference if one finds $100,000 in cash floating around your front yard is to take it to the police. This is essential to locate the owner.

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In cities where people typically go to retire, there tends to be larger markets for Viagra. Nancy, a Viagra saleswoman, recently moved from Park City Utah (an amazing place to retire) to Florida (another common place to retire) simply because of its warmer climate and will need to spend some time looking for a new job at one of the many Viagra sales firms in Florida. Nancy would be considered:

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Nancy, who was a Viagra saleswoman in Utah before moving to Florida, would be considered frictionally unemployed.

What is frictional unemployment?

Frictional unemployment exists in a situation when a person could be gainfully employed but decides to seek employment elsewhere.

The movement from employed status to seeking employment creates frictional unemployment.

Thus, Nancy, who was a Viagra saleswoman in Utah before moving to Florida, would be considered frictionally unemployed.

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the nurse is preparing written information for an older adult who is to manage intermittent self-catheterization. which strategy will be most effective?

Answers

The strategy that will be most effective when  preparing written information for an older adult who is to manage intermittent self-catheterization is to use short words.

What is the reason why the nurse should use short words?

In this case where the nurse is preparing written information for an older adult , using of short words would make the patient to be able to understand the information.

In this case, the short word brings about simplicity which result into better understanding.

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depositors lack of information about the quality of bank assets can lead to:

Answers

Depositors' lack of information about the quality of bank assets can lead to A) bank panics.

What are bank panics?

Bank panics refer to the simultaneous loss of confidence in banks' solvency.

This loss of confidence may drive many depositors to demand a refund of their bank deposits at the same time.

Bank panics worsen asymmetric information problems in credit markets.

Answer Options:

A) bank panics.

B) bank booms.

C) sequencing.

D) asset transformation

Thus, depositors' lack of information about the quality of bank assets can lead to bank panics, not booms, sequencing, or asset transformation.

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Emilia bought some Japanese sushi at the grocery store for $14. When she got it home and served it to her family, it tasted rancid. She brought the sushi back the next day and was given a full refund with no questions asked. Evidence indicates that successful handling of product and service failures as in Emilia's situation leads to _______. a. decreased levels of online shopping b. lower levels of customer loyalty c. increased levels of online shopping d. higher levels of customer loyalty

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D. Higher levels of customer loyalty

What is customer loyalty?

Customer loyalty is described as when clients reward a business again and time again business. Consistently choosing one brand over another, loyal customers frequently stand up for that brand against rivals.

Building a loyal customer base means making them willing to purchase your products at any cost, especially when there are less expensive options available. Customers that are devoted and pleased with your product or service can also promote it to their friends and family and support your business even in trying times.

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true or false: when testing changes, you should be sure to gain consensus and buy-in from all the people who would eventually be affected by the change.

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when testing changes, you should be sure to gain consensus and buy-in from all the people who would eventually be affected by the change.

What are changes in the society?

Changes can be regarded as the process which involves the transition from one idea to another, it is the changing of ones mindset which will later reflect in ones behavior.

Therefore, when testing changes, you should be sure to gain consensus and buy-in from all the people that will be affected.

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g Evaluate the following three statements about impact of interest rates. I. As interest rates increase, the present value of a single payment increases. II. As interest rates increase, the present values of annuities decrease. II. As interest rates increase, the future values of annuities increase, Which statement/s is/are correct

Answers

The true statements about the impact of interest rates are:

II. As interest rates increase, the present values of annuities decrease. II. As interest rates increase, the future values of annuities increase.

What happens when interest rates increase?

The present value of annuities and single payments will decrease because they will be discounted by a higher rate.

The future value of an annuity will increase however because the rate used to compound the annuity would have increased.

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A charity bingo game costs $2 per round and has a $13 entry fee for an adult. It costs $3 per round and a $10 entry fee for a child. For how many rounds of bingo are the costs the same for an adult and a child?.

Answers

An equation is formed of two equal expressions. The number of rounds of bingo for which the cost of a child and an adult will be equal is 3.

What is an equation?

An equation is formed when two equal expressions are equated together with the help of an equal sign '='.

Let the number of rounds played be represented by x.

Given the rounds of bingo costs the same for an adult and a child for x number of games, therefore,

13 + 2x = 10 + 3x

13 - 10 = 3x - 2x

3 = x

Hence, the number of rounds of bingo for which the cost of a child and an adult will be equal is 3.

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Answer:3

Explanation:

Because the slope of the production function becomes flatter as more capital is added, the marginal product of capital is

Answers

As the slope of the production function becomes flatter as more capital is added, the marginal product of capital is "decreasing".

What is marginal product of capital?

The extra output that emerges from adding one unit of capital typically cash is known as the marginal product of capital.

This statistic frequently applies to start-up businesses that depend on private financing to get off the ground. The increased output brought on by adding a worker is known as the marginal product of labour.

Diminishing marginal returns, the marginal product that starts to decline, is an indicator of this phenomenon. The value that these additional units offer to the organisation, in terms of output generated, starts to diminish because there aren't enough workers to operate with the extra equipment.

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You are advising a coffee shop manager who wants to calculate how much sales will change if the price of a latte rises. You tell him he should measure elasticity by using the mid-point method in his calculations because the mid-point method will provide:

Answers

The coffee shop manager should measure elasticity with the mid-point method because he will get the same information regardless of a fall or rise in price.

Why should the midpoint formula be used?

When the midpoint formula is used to calculate elasticity, it calculates the elasticity using both price increases and decreases such that the base is the same.

This allows you to receive the same elasticity result of either price point that was used and so allows for more accurate analysis.

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The Deepwater oil spill in the Gulf of Mexico in 2010 was made much worse because BP Oil did not have plans in place for surprises. Planning for unexpected events is called

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Planning for unexpected events is called contingency planning.

What is contingency planning?

A contingency plan is a strategy created to assist an organization in effectively responding to a large crisis, event, or condition that may or may not occur in the future.

Because it can be utilized as a fallback strategy in the event that desired outcomes are not achieved, a contingency plan is also known as a "Plan B" or backup plan. Business continuity (BC), disaster recovery (DR), and risk management all include contingency planning.

It all comes down to risk management, risk reduction, and preparation for quick disaster recovery.

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Dr. Klein receives an email inviting her to submit an article based on her research to The Journal of Science. The email promises a rapid publication process and charges a fee to cover the costs of expediting the process. She is not familiar with this journal and decides to look up its impact factor in Journal Citation Reports. Unfortunately, it is not listed there. What would Dr. Klein likely conclude about this journal

Answers

Dr. Klein would likely conclude that this journal is likely predatory.

What is a predatory journal?

A predatory journal is a publication claiming to be a legitimate scholarly journal but misrepresents its publishing practices, lacking peer reviews because of the promised rapid publication process.

This conclusion is based on the fact that the Journal Citation Reports database provides impact factors and rankings of many journals in the social and life sciences with millions of citations, which this predatory journal lacks.

Thus, Dr. Klein would likely conclude that this journal is likely predatory.

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An employee handling key management discovers that a private key has been compromised. Evaluate the stages of a key's life cycle and determine which stage the employee initiates upon learning of the compromise.

Answers

The stage the employee initiates upon learning of the compromise is Revocation.

How to illustrate the information?

Upon learning of a compromise, the current key should be revoked, and a new key can then be generated.

Certificate generation identifies the public part of a key pair as belonging to a subject, and the subject submits it for signing by the CA as a digital certificate with the appropriate key usage.

Key generation occurs during the initial distribution of the key, or after having revoked one. Expiration and renewal are used for a key pair that has not been revoked or expired after a certain period. A given shelf-life increases security.

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A cooperative agreement among oligopolists is more likely to be maintained, a. the greater the number of oligopolists. b. the larger the number of buyers of the oligopolists' product. c. the smaller the number of buyers of the oligopolists' product.

Answers

A cooperative agreement among oligopolists is likely to be the more likely it is that the game among the oligopolists will be played over and over again.

Why do oligopolists frequently appear to act together?

While oligopoly companies in a sure market decide what quantity to offer and what fee to fee, they face a temptation to act as though they were a monopoly. With the resource of appearing collectively, oligopolistic companies can preserve enterprise output, charge a better charge, and divide up the income amongst themselves.

While corporations within the identical corporation work together to increase their mutual profits rather than competing doggedly with each distinctive, it's miles known as an oligopoly scenario. Oligopolies are placed in the course of the arena or even appear like growing into advantageous industries.

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When compliance, clarification, culture, and connection are all effectively addressed with a strategic system in place, the organization would be considered as:

Answers

When all four elements of clarification, culture, compliance and connection are effectively addressed through a strategic onboarding system, the organization will be considered successful onboarding.

What is the successful onboarding?

A successful onboarding program is most expected to include clarification, compliance, culture, and connection and follow-ups, relying on the size and needs of any company. This is also called as the 4 C's of the onboarding.

Therefore, It all start out in the present moment, a new employee accepts the position.

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An increase in a firm's total asset turnover will:

Answers

An increase in a firm's total asset turnover means that the company is more efficient at using its assets.

What is Asset turnover ratio?

Asset turnover ratio can be regarded as the ration that is found which describes  the value of a company's sales and value of its assets.

It help the company to analyze the efficiency of the company in deploying its assets.

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_____ consists of partially completed products in various stages of completion that are awaiting further processing.

Answers

Products that are partially completed and still in the various production stages of completion are referred to as: work-in-progress inventory

What is Work-in-Progress Inventory?

Work-in-progress inventory can be defined as goods that are partially completed, which can also be called "in-process inventory". They are products that are not ready for sale.

For example, in a coffee company, work-in-progress inventory may include, shopping boxes, coffee beans, labels, among others.

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Manufacturers will work with specific retailers depending on where their target consumers expect to find their products. what does this process refer to?

Answers

Manufacturers will work with specific retailers depending on where their target consumers expect to find their products in the process known as Consumer expectation.

What is Consumer expectation?

Consumer expectations can be regarded as the economic outlook of households.

Expectations in the path of consumers help them in the bearing on current economic activity and help Manufacturers to work with specific retailers depending on where their target consumers.

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In a _________________________ economy, the individuals and the government share in the economic decision-making process. These groups work togther to ensure economic development.

Answers

Answer:

Mixed economy

Explanation:

There are three types of Economies:

Command Economy:

An economy where price and products are controlled by the government. It is very commonly seen in communist countries, like China or Vietnam.

Free market:

An economy where the government has little to no control. However, a perfect free economy doesn't exist anywhere, and is just a concept.

Mixed Economy:

An economy where the market is controlled by both the people/consumers, and the government. America is a mixed economy. Individuals are allowed to own property with little government intervention. However, the government has a lot more control over other sectors of the market.

So, to answer the your question, because the Mixed economy is controlled by the government and the poeple, it is the answer.

The amount of a product an organization expects to sell during a certain period of time, based on a specified level of marketing effort, is called a:.

Answers

A sales forecast is the volume of merchandise that an organization anticipates selling over a given period of time, based on a predetermined level of marketing activity.

What exactly do you mean by marketing?

Marketing describes the actions a business does to encourage the purchase or sale of a good or service. Advertising, selling, and delivering goods to customers or other firms are all included in marketing.

Sales forecasting is the act of determining how much a sales unit—which can be a single salesperson, a sales team, or an entire company—will sell over the course of the upcoming week, month, quarter, or year.

Thus, organizing expectations for sales during a given period of time refers to the sales forecasts.

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A conclusion of the Hawthorne studies was that A conclusion of the Hawthorne studies was that giving less attention to employees increases worker productivity. giving more attention to employees increases worker productivity. increasing synergy increases worker productivity. cutting costs through outsourcing harms employee morale and productivity.

Answers

The Hawthorne studies concluded that giving more attention to the employees increases the workers productivity. Therefore, the correct option is 2nd.

What was Hawthorne Studies?

The Hawthorne studies is all about the increment of the individual performance at the workplace. It tries to understand what are the factors that motivate a person for giving the high level of production.

The experiments of the Hawthorne studies conclude that by focusing in the individual needs the workers productivity increases. Therefore, the correct option is 2nd.

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Determine whether each cash receipts procedure is an internal control strength or weakness reciepts are only given to customers for sales that are above $20

Answers

The internal control procedures are categorized as follows:

1. Weakness2. Weakness3. Strength4. Strength5. Strength6. Strength7. Weakness

What are internal controls?

These refer to processes in the accounting process or other aspects of the business that are instituted to prevent or eliminate fraud or errors.

Full question:

Determine whether each cash receipts procedure is an internal control strength or weakness.

The record keeper of cash transactions is also in charge of depositing cash receipts in the bank.One employee with many years of experience is solely in charge of opening cash receipts received by mail.All sales transactions, even those for less than $1, are recorded on a cash register.Two employees are tasked with opening mail that contains cash receipts.Cash registers have a permanent, locked-in electronic record of each transaction.The clerk who has access to cash in the register cannot access the accounting records to change transaction deals.Receipts are only given to customers for sales that are above $20

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