Answer: 1. A.Both firms will choose the low price.
2. B. Both firms would choose the high price.
Explanation:
1. If the firms cannot cooperate with each other and must choose simultaneously, both firms will choose the low price.
This is because at the low price both of them are at the highest profit they can make when they are not cooperating. For instance, if Firm B chooses Low Price and Firm A chooses High Price, Firm A will make $3 million while Firm be will make $8 million.
If Firm B decides to have a high price then firm A will take the low price and make $8 million in profit while Firm B makes $4 million. If they are not working together, they will both have to take the low price to make the most profit.
2. If the firms could cooperate with each other, both firms would choose the high price.
The is because they will be making more than competing and getting a lower profit. Should they cooperate they will each get $7 million in profit because they will pick the option they can both make the highest profit at. The is better than competing and making only $5 and $6 million respectively.
If you need any clarification do comment. Cheers.
Explanation:
First of all we need to know what stereotype actually is. So stereotype is basically the over generalized belief of someone about something or someone else based on some assumptions. The simplest example of stereotype can be seen as, 'A woman is always caring'. This is a stereotype about a particular group of human beings. So there are a lot of other stereotypes too which prevails in our societies. Now we have to overcome such stereotypes by doing the following things:
- Admit and Say that the stereotypes are wrong
- Find famous people to give examples of, who think stereotypes are wrong
- Debate about the wrong associated with stereotypes by giving them sufficient evidence and examples
- Do what you feel like doing about breaking the stereotypes
- Provide data to people with examples about people who are not that stereotype.
Answer:
the farmer's total revenue when she uses the direct channel = 400 x $2.49 = $996
if she uses the indirect channel, her total revenue = 650 x $1.63 = $1,059.50
her total revenue will increase when selling to he supermarkets, but also her variable production costs will increase. This means that it is probable that her total contribution margin decreases even if total revenue decreases.
Answer:
$250,000F
Explanation:
Variance is the difference between standard and actual costs. Standard cost can also be referred to as Budgeted cost. In the tree of variances, there are two major branches of variances:- Sales Variances and Production Variances. Under the sales variances, there are also two branches which include the sales volume(Profit Margin) Variance which involves quantity sold and the Sales Price Volume involving selling price.
In calculating sales or selling price variance, the actual quantity, selling price at standard and selling price at actual are needed.
This can be denoted as:- AQ(SP - AP)
AQ here, represents the actual quantity sold, SP represents selling price at standard and AP represents selling price at actual.
Now, we can solve the problem using the above stated formula.
Sales or selling price variance = Actual units sold( Budgeted selling price - Actual selling price)
= 1,000 units( $1,750 - $1,500)
= 1,000 units($250)
= $250,000F. This "F" attached to it means Favourable. In revenue, if actual cost is greater than standard cost, then the variance is a favourable one.
Answer:
A & B
a. The discounted payback period does not take the project’s entire life into account
b. The discounted payback period does not take the time value of money into account
Explanation:
