Answer:
Consider a Caribbean cruise route served by two cruise lines, Carnival and Royal Caribbean. Both lines must choose whether to charge a high price ($320) or a low price ($300) to vacationers. These price strategies with corresponding profits are illustrated in the payoff matrix to the right. Carnival's profits are in red and Royal Caribbean's are in blue. Suppose the cruise lines decide to collude. At which outcome are joint profits maximized?
Joint profits are maximized when Carnival picks $320 and Royal Caribbean picks $320.
Explanation:
When Carnival picks $320 and Royal Caribbean picks $320, then joint profits are maximized.
Nash equilibrium would exist only when Royal chooses $300 and the carnival chooses $300.
However, if both Carnival and Royal Caribbean charge a lower price, both of them can earn a higher profit.
Answer and Explanation:
As per the given question the solution of given points is given here:-
a. Regular pay for the week = Rate of pay × Hours per week
= $12 × 40 hours
= $480.00
b. Overtime pay for the week = Rate of pay × 8 hours × 1.5 times
= $12 × 8 hours × 1.5 times
= $144.00
c. Total gross wages = (Social security withheld + Medicare tax withheld + Federal income tax withheld + Net pay)
= $38.69 + $9.05 + $54 + $522.6
= $624.00
d. Social security withheld = Total gross wages × Social security tax
= $624 × 6.2%
= $38.69
e. Medicare tax withheld = Total gross wage × Medicare tax rate
= $624 × 1.45%
= $9.05
f. Total withholding = Social security withheld + Medicare tax withheld + Federal income tax withheld
= $38.69 + $9.05 + $54
= $101.74
g. Net pay = Total gross wages - Total withholding
= $624.00 - $101.74
= $522.26
2. The Journal entry is here below:-
Wage Expense Dr, 624
To Social security taxes payable $38.69
To Medicare Tax Payable $9.05
To Federal Income Tax Payable $54
To Wages Payable $522.26
(Being the payroll is recorded)
Answer:
procedure
Explanation:
According to my research on different human resource responsibilities, I can say that based on the information provided within the question there is a procedure that Henry must follow. Like described in the question a Procedure is a set of step by step instructions that must be followed accordingly in order to achieve a certain goal.
I hope this answered your question. If you have any more questions feel free to ask away at Brainly.
C. A podcast is a prerecorded usually audio about someone discussing a subject.
Answer:
(a) Linear model
Subject to:
(b) Standard form:
Subject to:
Explanation:
Given
Solving (a): Formulate a linear programming model
From the question, we understand that:
A has a profit of $9 while B has $7
So, the linear model is:
Subject to:
Where:
Solving (b): The model in standard form:
To do this, we introduce surplus and slack variable "s"
For 
inequalities, we add surplus (add s)
Otherwise, we remove slack (minus s)
So, the standard form is:
So, the linear model is:
Subject to:
