Answer:
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Explanation:
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Answer:
the current price is below its equilibrium price
Explanation:
When the current price is below its equilibrium price, demand would exceed supply and a shortage would arise.
There is a surplus if quantity supplied exceeds quantity demanded. It usually occurs when price is above equilibrium price.
When quantity supplied is equal to quantity demanded, there's equilibrium.
I hope my answer helps you
Firms will generally make-to-order when the demand for goods is not stable.
<h3>What is Make to order?</h3>
Make to order (MTO) is a production process that involves a customer ordering a specific products which is usually different from the general products.
The products may be customized and its usually done when a company has less demand or work.
Therefore, Firms will generally make-to-order when the demand for goods is not stable.
Learn more make to order below
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Answer:
$54,000
Explanation:
The opportunity cost is that cost which can be given the benefit out of the given options. In another way, it would be select the best alternative option which gives you the best results or benefits.
In the given case, Allison earns $54,000 in her first year of employment and if she works with her father she earns an annual salary of $38,000. So, the opportunity cost, in this case, would be $54,000
Answer:
C. Interviews
Explanation:
In an interview, there is personal contact between the interviewer and the person interviewed. In this context, first impressions are very important (this is why people are advice to dress and groom themselves well before going to an interview).
A postive first impression can result in a general positive bias when analyzing the person. This is the halo effect and can become helpful in securing the job.
On the contrary, a negative first impression can result in a negative bias when analyzing the person. Negative qualities are ascribed to the person without much basis. This is tthe Devil's Horns effect and can result in the loss of the job opportunity.