Assume a demand equation:

Upper Q Subscript d Baseline equals 9 minus 0.1 p minus p Subscript c Baseline plus 0.01 p Subscript s Baseline plus 0.0001 Upper YQd = 9 − 0.1p − pc + 0.01ps + 0.0001Y

and a supply equation:

Upper Q Subscript s Baseline equals 0.1 p minus 0.02 p Subscript i Baseline plus 0.01 Upper N plus 0.01 Upper T minus 0.1 wQs = 0.1p − 0.02pi + 0.01N + 0.01T − 0.1w

where

p = price of the good

Q = quantity in thousands of units

p Subscript c Baseline equalspc=price

of a complement = $3
p Subscript i Baseline equalspi=

price of an input = $450
p Subscript sps=

price of a substitute = $200
N = number of firms = 700

Y = consumer income =
$20 comma 00020,000

T = index of technology = 300

w = wage rate =
$1010

If the price is

$4545,

there will be an

excess demand

excess demand

excess supply

of

nothing

thousand units.

Suppose that each country completely specializes in the production of the good in which it has a comparative advantage, producing only that good. in this case, the country that produces jeans will produce 32 million pairs per month, and the country that produces corn will produce 32 million bushels per month.

Jamie lee is reviewing her finances one month later. she has provided the actual amounts paid below. use the cash budget table below to her identify the variances in her budget. each answer must have a value for the assignment to be complete. enter "0" for any unused categories. actual amounts income: monthly expenses: gross monthly salary $2,315 rent obligation $260 net monthly salary $1,740 utilities/electricity $130 savings allocation: utilities/water $10 regular savings $130 utilities/cable tv $155 rainy-day savings $20 food $160 entertainment: gas/maintenance $205 cake decorating class $90 credit card payment $25 movies with friends $50 car insurance $75 clothing $145 budgeted amounts assets: monthly expenses: checking account $1,850 rent obligation $225 emergency fund savings account $4,300 utilities/electricity $75 car $5,200 utilities/water $35 computer & ipad $1,100 utilities/cable tv $120 liabilities: food $115 student loan $6,600 gas/maintenance $95 credit card balance $1,000 credit card payment $45 income: car insurance $45 gross monthly salary $2,155 clothing $45 net monthly salary $1,580 entertainment: savings allocation: cake decorating class $90 regular savings $130 movies with friends $50 rainy day savings $20

Acompany manufactures x units of product a and y units of product b, on two machines, i and ii. it has been determined that the company will realize a profit of $3 on each unit of product a and $4 on each unit of product b. to manufacture a unit of product a requires 7 min on machine i and 5 min on machine ii. to manufacture a unit of product b requires 8 min on mchine i and 5 min on machine ii. there are 175 min available on machine i and 125 min available on machine ii in each work shift. how many units of a product should be produced in each shift to maximize the company's profit p?