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ivolga24 [154]
3 years ago
13

The language of price controls Suppose that, in a competitive market without government regulations, the equilibrium price of mi

lk is $2.50 per gallon. Complete the following table by indicating whether each of the statements is an example of a price ceiling or a price floor and whether it is binding or nonbinding. Statement The government has instituted a legal minimum price of $3.00 per gallon for milk. The government prohibits grocery stores from selling milk for more than $2.30 per gallion There are many teenagers who would like to work at grocery stores, but they are not hired due to minimum-wage laws. Price Control Binding or Not Grade It Now Save & Continue Continue without saving.
Business
1 answer:
drek231 [11]3 years ago
8 0

Answer:

Price floor binding

b. price ceiling binding

price floor and binding

Explanation:

A price floor is when the government or an agency of the government sets the minimum price of a product. A price floor is binding if it is set above equilibrium price.

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.

The minimum price of milk is above equilibrium price. So, it is a binding price floor

The maximum price of milk is below equilibrium price. It is binding price ceiling

If teenagers can't find jobs due to minimum wages law. It means that the minimum wage must be above equilibrium price. This is because it is when price is above equilibrium price that supply of labour outstrips demand. So, it is a binding price floor

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A job specification is: a. a group of related activities and duties. b. a statement of the knowledge, skills, and abilities requ
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Answer:

a statement of the knowledge, skills, and abilities required of a person to perform a job.

Explanation:

A job specification is a written statement that describes btge educational qualifications, experience, technical skills, and communication skills required to perform a job. Also responsibilities that are required on a job are stated.

A job specification is different from a job description which is a set of different duties and responsibilities performed by one employee.

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Most standard portfolio analysis methods evaluate strategic business units (sbus) on their performance in two important dimensio
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The majority of conventional portfolio-analysis methodologies evaluate SBUs based on two crucial factors: the market or industry an SBU operates in is appealing, and an SBU's position within that market or industry is strong.

What is Strategic Business Unit?
A strategic business unit, or SBU for short, is a fully operational part of an organization with its own mission and goals. An key section of the organization, a strategic business unit typically functions independently. It provides updates on its operational status to the headquarters. Although a strategic business unit, or SBU, is an independent company, it is required to report directly to the organization's headquarters on the status of its operations. It is independent and centered on a particular market. It is large enough to have independent support divisions for things like human resources and training. Having an SBU has a number of advantages. For businesses with a variety of product structures, this strategy is most effective. Proctor and Gamble, LG, and other businesses are the best examples of SBU. Under one roof, these businesses house numerous product categories. For instance, the company LG produces consumer durables.

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2 years ago
Pink Polka Fashion Inc., a multinational clothing brand, has plans to expand in the European Union (EU) marketplace. In order to
vovangra [49]

Answer:

what is the question being asked here?

4 0
3 years ago
An automobile final assembly plant is being planned for an annual production of 150,000 cars. The plant will operate one shift,
Sergio [31]

Answer:

a. Rp= 10.0hr

b. Tc= 1052 workers

c. n= 421 workstations

Explanation:

(a) Rp= Da/250Hsh. Rearranging, Hsh= Da/250Rp= 150,000/250(60) = 10.0 hr

(b) Tc= 60E/Rp= 60(0.95)/60 = 0.95 minTs= Tc– Tr= 0.95 – 0.10 = 0.85 minw= Min Int 14.0(60)/0.85(0.94) = 1051.3 rounded up to 1052 workers

(c) n= w/M= 1052/2.5 = 421 workstations

3 0
3 years ago
Cung leads the design team at Rapidware, a software firm that deigns custom software to meet its clients' needs. He needs to hir
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Answer:

C) Rico, a curious person who loves art and buys the latest gadgets.

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The candidate who would best meet Cung's requirements would be Rico.

It is possible to make this decision by analyzing the characteristics of each of the candidates available for the job vacancy.

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Another candidate, Gale, a lovely character who encourages and helps everyone, but there is no information if he has the necessary knowledge to serve customers and present solutions related to the technological field.

Gage, a very successful self-proclaimed "old school" worker, is also not an essential candidate for promoting new approaches and innovation.

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Therefore Rico would be the most suitable to be hired, as he has a curious and consumer profile of the latest technological devices, which could assist customers in their choice and also accept new innovations and approaches.

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