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vesna_86 [32]
3 years ago
15

Which situation is the most likely result of a price ceiling being set below the equilibrium price?

Business
1 answer:
Andru [333]3 years ago
8 0

<span>The equilibrium price is basically the ideal price that is determined when the demand and the supply for an item is equal. If you place the price bellow the equilibrium price, the price of the product will be lower than what the market is willing to pay, and as result you will have surplus of the item in the market.</span>

<span>The correct answer is b.</span>

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The following information is related to Alpha Company:
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c. $5.1 per hour.

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Predetermined overhead Rate = $4.98

The given is inconsistent with the options given in this question. A similar question is attached with this answer. The following answer is made according to the attached question. please find that.

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Estimated direct labour hours = 50,000

Predetermined overhead Rate = Estimated Manufacturing overhead / Estimate direct labor hours

Predetermined overhead Rate = $254,000 / 50,000

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