Answer:
no surplus or shortage
Explanation:
Equilibrium price is the price at which quantity demand equal quantity supplied. Above equilibrium price there is a surplus - quantity supplied exceeds quantity demanded.
Below equilibrium price there is a shortage - quantity demanded exceeds quantity supplied
If demamd increases by 100, new equilibrium is 40
Thus, ceiling price equal equilibrium
Price ceiling is when the government or an agency of the government sets the maximum price for a product. It is binding when it is set below equilibrium price.
Effects of a binding price ceiling
It leads to shortages
it leads to the development of black markets
it prevents producers from raising price beyond a certain price
It lowers the price consumers pay for a product. This increases consumer surplus
Answer:
(A) Creativity
(C) Productivity
(D) Satisfaction
Explanation:
Liability: The liability is the amount that is due to someone. It means you have full responsibility for a thing you promised to someone.
Lawsuits: When some one sue to another for not giving the amount, or by any other reason is called law suits
In the given scenario, for diversity in the workforce, the creativity, productivity, and satisfaction level is more important through which the employees can give their best due to which, the objective of an organization can be achieved in an efficient and effective manner.
The other two give a negative impact on the organization's reputation, so it will not be considered.
At the Saint Francis Hospital, an adult education director
uses What-if analysis to evaluate the interactions of
variables that contribute to the profitability of various potential seminars. A
What-If Analysis is the process of altering the values in cells to see how
those changes will affect the outcome of formulas on the worksheet.
Answer: b. Marginal revenue is less than average revenue
Explanation:
Marginal revenue is the extra revenue received by selling one more unit of a good while Average revenue is the revenue generated on average by all units sold thus far.
If the monopolist has to reduce prices to sell more goods then it would mean that for every unit sold, the price would have reduced compared to the price of the last unit which translates to less revenue coming in per unit compared to the last unit.
On the other hand, on average, the higher prices of the earlier goods sold would keep the average revenue higher than the additional revenue (marginal revenue).
Answer:
D) Usage
Explanation:
Usage barriers or obstacles to use are basically reasons why a customer will cease purchasing a good or service, or might even return a purchased good just after purchasing it. Sometimes enthusiastic customers may falsely believe that a product is easy to handle and use, while it's not, e.g. a Sedgeway that initially had very high sales but then they plummeted. Usage barriers result in high customer churn.
In this case, some users might actually believe that eating a small amount for one day and exercising for a couple of hours will radically change their body structure. The bad thing is that after a few days they will realize that it was all a lie, and they will get either frustrated or mad.
