If the equilibrium is such that only 12000 units are sold for $27, then the total earnings from the given scenario is $324,000. The supply equation would then be,
supply: 324000 = 6p ; p = 324000/6 = 54000
demand: 324000 = 69p ; p = 324000/69 = 4695.65 ≈ 4696
What following function tool?
If I remember how to do this right I’m pretty sure you just divid by 178.90 by 5.75 wich gives you 31.11 for the tax rate
Plane would be going 107.761194. 3610 divided by 33.5 is about 107