The answer should be threshold for health benefits.
Answer:
The correct answer is letter "B": The price will not increase but firms will increase the quantity supplied to promote the social interest.
Explanation:
Perfectly competitive markets are characterized by having companies offering an undifferentiated product, being price takers because firms posses a small market share which does not allow them to have a major influence in the price, and by free entry and exit of competitors.
Then, <em>if there is a shortage of clean drinking water in a local market that is perfectly competitive, the shortage would not last much since new producers would enter the market to process water so it can be offered purified. As drinking water is a basic good, the number of organizations entering the market is likely to be substantial.</em>
Answer: elastic; inelastic
Explanation:
A good is considered (elastic) when producers can quickly supply more or less of it based on changing prices while a good is considered (inelastic) when producers can quickly change how much of it is supplied when prices change.
In an elastic good, a change in price brings about a significant shift in the demand of such good while on the other hand, in an inelastic good, a change in price brings about an insignificant shift in the demand of such good.
<span>Gus is likely to be intrinsically motivated as he continues to challenge and push himself to perform even better each day. Being intrinsically motivated is being motivated by internal rewards. Gaining more freedom at </span>work is an internal reward that Guys is being given based on his behavior at work. Due to this, Gus is being motivated by the intrinsic rewards.
Answer:
EOQ: 80
order per year: 10
Explanation:
We need to solve for the Economic Order Quantity:

Where:
D = annual demand = 800
S= setup cost = ordering cost = 16
H= Holding Cost = 4

EOQ = 80
Orders per year = 800 demand/ 80 order size= 10