Answer:
A price ceiling set at $6 will be binding and will result in a shortage of 8 units.
Explanation:
In order for a price ceiling to be binding, it must be set below the equilibrium price level. In this case, $6 is below the equilibrium price of $10. It will produce a shortage of 8 units because the quantity supplied by producers will be only 6 units, while the quantity demanded by consumers will be 14 units.
Binding price ceilings always produce a deadweight loss which is represented by the area between the demand curve and the supply curve left to the equilibrium price.
Answer:
Helps a company jump-start demand
Explanation:
Format war in business is defined as competition for market dominance between producers of a particular type of technology with closely related functions.
Aggressive marketing are strategies employed to gain and ensure survival in a new market.
A typical example an aggressive marketing in the format war is selling a software at a low price but a relatively high price for support service.
One of the advantages is that it helps a company jump -stand demand among competitions
The correct option is (c) benefit segmentation.
Benefits segmentation is a sort of market segmentation that divides consumers into groups according to the advantages and perceived worth of the products and services they can purchase. Additionally, it might entail classifying clients in accordance with functional advantages such features, quality, and customer service.
Benefit segmentation is a technique for market segmentation that entails dividing your customer base into groups according to the benefits customers perceive they will get from your product. This may entail classifying consumers in accordance with their perceived value for things like quality, features, customer service, etc.
Learn more about Benefits segmentation here
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Answer:
provide a uniform response to all hazards that a community may face.
Explanation:
Emergency Operation plan is referred to that document which focus on response given to particular emergency. it direct guideline which focus planning for any disaster in efficient and effective way.
It include six element on which this plan work. some of them are listed below:
1- communication
2 -resources and assets
3- safety and security
4 - staff responsibilities
5 -utilities
6 -clinical support
Answer:
Option (c) 8
Explanation:
Data provided in the question:
Marginal rate of technical substitution of hours of labor for hours of capital, RTS = 0.8
Number of units of labor chosen = 5
Number of units of capital chosen = 8
Marginal product of capital = 10 televisions per hour
Now,
RTS = [ Marginal product of labor ] ÷ [ Marginal product of capital ]
0.8 = Marginal product of labor ÷ 10
or
Marginal product of labor = 8
Hence,
Option (c) 8
