Dividing the number of tires that should be installed per day which is 400 by the number of working hours which is 8 will give us 50 tires per hour. Assuming that the same mistake will take toll on the workers such that they will have 1 tire mistakenly installed in an hour, they will have 8 erroneous tires in a day. Multiplying this by 5 to make the answer per week will give 40. Out of the 400 x 5 = 2000 tires. The answer would be 2000 - 40 which is equal to 1940. The assumption must be valid.
Answer:
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Step-by-step explanation:
Answer: The equilibrium point represents the raising or lowering the price in response to changes in the supply or demand.
If the price of a good is above equilibrium, this means that the quantity of the good supplied exceeds the quantity of the good demanded.
If the quantity is below the equilibrium point, it will create a shortage. because the quantity supplied is less than quantity demanded.
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Step-by-step explanation:
