Answer:
C. the price is below the equilibrium price
Explanation:
Remember, in the law of demand and supply the quantity supplied is dependent on the value of the price of a good.
In this case the price is below the equilibrium price; meaning demand would be higher than the supply which results in the shortage of the good and the company therefore raises the price of the good.
For example, the price of oranges decrease in the equilibrium price (from $10 to $5), resulting in an increase in the demand for oranges.
The increase in demand would lead to shortage, making farmers increase price wanting to supply more.
Answer:
$5,160
Explanation:
Predetermined Overhead Rate on Capacity = Total Estimated Manufacturing Overhead / Estimated Capacity for the Year
Predetermined Overhead Rate on Capacity = $34,840 / 29,000 MH
Predetermined Overhead Rate on Capacity = $1.20 MH
Actual use of capacity = 24,700 hours
Unused hours = 29,000 hours - 24,700 hours
Unused hours = 4,300 hour
Cost of unused capacity = 4,300 hours * $1.20 MH
Cost of unused capacity = $5,160
The correct answer would be, Reverse Discrimination.
Recently, businesses have experienced debate over Reverse Discrimination, the practice of discriminating against a dominant or majority group of persons.
Explanation:
When people or group of people who were discriminated against previously, are being favored, then this practice is known as the Reverse Discrimination.
For example, reverse discrimination can be caused in an organization where previously discriminated Muslims are now being preferred and hired by the company.
Similarly the same practice can be seen in the companies where females are now being hired(even though the males are more qualified for the job) who were previously discriminated against men.
Reverse Discrimination is not a fair practice, because it is still a Discrimination.
Learn more about Reverse Discrimination at:
brainly.com/question/8562925
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When some one or something solves the problem
Answer:
Flashfone and Pictech
The Nash equilibrium is achieved when Pictech and Flashfone price their smartphones high without the other party changing their strategy.
Explanation:
a) Data and Calculations:
Pictech
High Low
High 8 8 3 10
Flashfone
Low 10 3 5 5
b) By acting at the Nash equilibrium and pricing their smartphones high, Pictech and Flashfone achieve a payoff of $8 million respectively. This payoff level does not put any of the two firms at a disadvantage.
