Answer:
A price floor set above the equilibrium price will result in a surplus of supply.
Explanation.
An equilibrium price refers to the price at which demand for a service or product is equivalent to the quantity of the product or service supplied in the market.
Setting a price floor above the equilibrium price essentially means that the set prices will be higher than what demand is willing to pay for the product or service. Demand will therefore purchase fewer quantity of the product offered by supply at the prevailing price than they would have at equilibrium price.
Since the price floor will raise the product price to considerably higher than the equilibrium price, supply will be willing to provide higher volumes of the product at the prevailing price than at equilibrium price.
This will lead to a mismatch in the market between supply and demand resulting into a surplus.
c is my answer to your question
Explanation:
and and I don't know if it's right or wrong
Answer:
<u>Since expected payoff for large job shop option is highest, firm should make large job shop option as capacity choice</u>
Explanation:
Expected payoff of any capacity alternative
= Probability of moderate acceptance x Payoff of moderate acceptance + Probability of strong acceptance x Payoff of strong acceptance
= 0.40 x Payoff of moderate acceptance + 0.60 x Pay off of strong acceptance
Thus Pay off for small job shop option
= 0.40 x 24000 + 0.6 x 54000
= 9600 + 32400
= $42,000
Pay off for medium job shop option
= 0.40 x 20000 + 0.60 x 64000
= 8000 + 38400
= $ 46,400
Pay off for large job shop option
= - 0.40 x 2000 + 0.60 x 96000
= - 800 + 57600
= $56,800
Sure, let me help you on this one!
Well, we need a policy that will not expire, and that has a death benefit. The only one on the list that fits this description would be letter B.
There are tons of life insurances out there; however, permanent insurance is one of few that pays out money to the relatives to help them achieve their life goals such as paying tuition for college.
Answer: permanent policy.
The innermost bay of the Yellow Sea is called the Bohai Sea (previously Pechihli Bay or Chihli Bay). Into it flow both the Yellow River (through Shandong province and its capital Jinan) and Hai He (through Beijing and Tianjin). Deposits of sand and silt from those rivers contribute to the sea colour.
The northern extension of the Yellow Sea is called the Korea Bay.
The Yellow Sea is one of four seas named after common colour terms — the others being the Black Sea, the Red Sea and the White Sea.
