Two alternatives, code-named x and y, are under consideration at guyer corporation. costs associated with the alternatives are listed below. alternative x alternative y materials costs $ 45,000 $ 65,300 processing costs $ 49,400 $ 49,400 equipment rental $ 18,400 $ 18,400 occupancy costs $ 17,600 $ 26,100 what is the financial advantage (disadvantage) of alternative y over alternative x?
answer by yourhope:
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question: explain if there is excess supply or demand of goods at the equilibrium price and why?
answer: equilibrium is at the point where supply and demand meet and the prices are set. since the price is set as a equilibrium, there won't be an excess to either, but if you set the price above equilibrium, you move away from equilibrium and have disequilibrium create excess supply or excess demand!
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