The manager of a store that specializes in selling tea decides to experiment with a new blend. she will mix some earl grey tea that sells for $5 per pound with some orange pekoe tea that sells for $3 per pound to get 100 pounds of the new blend. the selling price of the new blend is to be $4.50 per pound, and there is to be no difference in revenue from selling the new blend versus selling the other types. how many pounds of the earl grey tea and orange pekoe tea are required?

Ineed the answer today! explain how inflation can be built into the system

If a society decides to produce consumer goods from its available resources, it is answering the basic economic question

Consider the market for gas-powered small cars. assume gas-powered small cars are a normal good. for each of the following events, identify which of the determinants of demand or supply are affected. if demand is unaffected by this event because it creates only a supply change, select the “none” option under the “demand determinant” column. similarly, if supply is unaffected by this event because it creates only a demand change, select the “none” option under the “supply determinant” column. event demand determinant supply determinant people decide to have more children. the price of electric small cars falls. the discovery of a new source of iron ore lowers steel prices. an economic recession lowers people’s wealth. a number of major car dealers decide to switch from selling gas-powered cars to selling electric cars. show the effect of the following event on the market for gas-powered small cars: people decide to have more children for each of the four independent situations, prepare the journal entries to record the exchange on the books of each company.