There exists unfair pricing policy in a market which is not purely competitive, and the seller may have monopolistic advantage.
<h3>What is unfair pricing policy?</h3>
Unfair pricing policy refers to charging different prices to different consumers for the exact product by a seller due to having a competitive advantage, leading to unfair trade.
Hence, the unfair pricing policy is as defined above.
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Because sugar is relatively cheap and always used in large quantity, the amount of consumers' demand wouldn't affect the supply of this product, which make sugar inelastic.
For this certain product, manufacturers could only reflect on social implication when determining the price of the product, and produce it with acceptable margin.
The free trade make each countries able to take on resource that unavailable in that country and focus solely on the product that give the country competitive advantage
Answer:
Explanation:
Total overhead 200400 =116800+83600
Divide by Total Direct labor hours 14117=3267+10850=(1089*3)+(2170*5)
Single plantwide overhead rate 200400/14117=14.19
Factory overhead allocated per unit of Dinks 70.98 =5*14.19
Answer:
Omaha would produce the greater gross profit of
Explanation:
revenue per unit $189
two possible locations:
Omaha Kansas City
fixed costs $1,000,000 $1,200,000
variable costs per u. $30 $45
expected sales 9,925 units 10,225 units
expected profits:
Omaha Kansas City
sales revenue $1,875,825 $1,932,525
- variable costs ($297,750) ($460,125)
- fixed costs <u> ($1,000,000) </u> <u>($1,200,000) </u>
gross profit $578,075 $272,400
Answer:
1) The GDP deflator for this year is calculated by dividing the - (B) Value of all goods and services produced in the economy this year - using - (B) this year's prices - by the - A) Value of all goods and services produced in the economy in the base year - using - (A) the base year's prices
To calculate the GDP deflator, we divide the nominal GDP for the selected year, by the Real GDP of the base year, and we multiply the result by one hundred.
2) The CPI reflects only the prices of all goods and services - (B)bought by consumers
The CPI is a measure of the change in price of a selected basket of goods and services, usually those goods and services that consumers buy the most, whether they are produced domestically or not.
3) Which does an increase in the price of a Chinese-made car that is popular among U.S. consumers show up in? - (b) CPI
As explained above, the CPI measures the price of goods and services that are commonly bought by consumers. It does not matter if the good is produced in the U.S. or China.
4) Which does a decrease in the price of a Treewood Equipment feller buncher, which is a commercial forestry machine that cuts and stacks trees show up in? - (a) GDP Deflator
It shows up in the GDP Deflator because the good is not a common good purchased by consumers. It is a good only consumed by those involved in the tree cutting business.
