Managerial Accounting - Computation

Here are the answers for the 1st midterm exam (computation type) in Managerial Economics.

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1. Qd = Qs 12 - 2P = 2 + 3P 12 - 2 = 2P + 3P 10 = 5P 10/5 = 5P/5 P = 2 Qd = 12 - 2 (2) Qd = 12 - 4 Qd = 8 Qs = 2 + 3P Qs = 2 + 3 (2) Qs = 2 + 6 Qs = 8 2. Qd = Qs 40 - 2/3P = 25 + 1/3P 40 - 25 = 2/3P + 1/3P P = 15 Qd = 40 - 2/3 (15) Qd = 40 - 10 Qd = 30 Qs = 25 + 1/3 (15) Qs = 25 + 5 Qs = 30 3. Qd = Qs 220 - 0.20P = 100 + 0.40P 220 - 100 = 0.20P + 0.40P 120 = 0.60P120/0.60 = 0.60P/0.60 P = 200 Qd = 220 - 0.20 (200) Qd = 220 - 40 Qd = 180 Qs = 100 + 0.40 (200) Qs = 100 + 80 Qs = 180 4. Qd = Qs 5,000 - 1,000P = 600 + 100P 5,000 - 600 = 1,000P + 100P 4,400 = 1,100P 4,400/1,100 = 1,100P/1,100 P = 4 Qd = 5,000 - 1,000 (4) Qd = 5,000 -