Answer:
The first statement is false, while the second is true.
For Part a, the equilibrium price that Dumphy and Funke will set is $30. In Part b, the profits for Dumphy and Funke at this equilibrium price amount to $0. Regarding Part c, both artists are expected to engage in price competition after experiencing a decline in demand. To clarify, the price each artist sets equals their marginal cost, thus establishing equilibrium at MC = $30.
Response:
Regarding the question:
Your friend Amanda seeks your guidance. She provides you with the utility schedule above and asks how many units of Product B would maximize her utility. The price for Product A is $6 and for Product B is $10. Amanda states her budget is $48. How many units of Product B should she buy?
is included in the attachment.
Clarification:
$0.20 Explanation: To determine the adjustment in the future price, the initial step is calculating the loss, as follows: Loss = Initial Margin - Maintenance Margin = $4,000 - $3,000 = $1,000. The future price adjustment will then be Loss divided by the size of the contract, returning to $1,000 ÷ 5,000 ounces = $0.20. Thus, the future price rises by $0.20. If the margin call isn't satisfied, the broker will step in at the maximum price to prevent additional losses.
Answer;
To attend the field trip, a student must submit a permission slip.
Explanation;
This is due to the fact that a singular noun like student requires a singular pronoun. The subject and verb must be in agreement, meaning instead of using the plural pronoun they with a singular noun, the correct pronouns are he or she.[[TAG_9]]
