Because it takes many years before newly planted orange trees bear fruit, the supply curve in the short run is almost vertical. In the long run, farmers can decide whether to plant oranges on their land, to plant something else, or to sell their land altogether. Therefore, the long-run supply of oranges is much more price sensitive than the short-run supply of oranges.
Assuming that the long-run demand for oranges is the same as the short-run demand, you would expect a binding price ceiling to result in a <u>Shortage</u> that is <u>Larger</u> in the long run than in the short run.
Answer: (a) shortage,(b) Larger
<u>Explanation:</u>
Binding ceiling price which is set by government.Ceiling price is the maximum price above which we cannot sell the goods. Binding ceiling price means price that is set below the equilibrium price.Firms cannot sell there goods above that price. Now equilibrium price means ,a price which is determined at a point where demand and supply curve meets.
When there exist binding ceiling price than there might be some firms who are not willing to sell at that price .So there can be shortage of supply .This shortage will be larger in long run than in short run because in short run supply remains same irrespective of change in price.
Answer:
e. $12,200
Explanation:
In order to calculate the ending cash balance, we must first assess the net increase or net decrease in the balance shown below:
Net Cash flow provided by Operating activities $34,000
Net Cash flow used in Investing activities -$12,400
Net Cash flow used in Financing activities -$15,600
Net increase (decrease) in cash for the year is $6,000
Now the ending balance of cash would be
= Net increase in cash + beginning cash balance
= $6,000 + $6,200
= $12,200
Answer: NATURAL
Explanation: Pollution is the release of harmful substances or materials into the environment,this can occur through households or industrial Activities. Pollution can also be defined by the presence of materials in very high amount capable of causing hazards. Pollution directly affects the Natural environment and distorts, it creates threats and reflect changes in which macroenvironment.
One guideline for improving the effectiveness of initial interviews is to<u> ask questions which assess the most basic KSAOs.</u>
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KSAOs is a commonplace abbreviation in human capital that stands for knowledge, skills, abilities, and other characteristics. KSAOs are attributes of an applicant or an employee that are used for employee choice, performance appraisal, and professional improvement.
Knowledge, skills, abilities, and other characteristics (KSAOs) are the attributes required to perform an activity: knowledge refers back to the body of factual or procedural statistics that may be implemented, which includes information on foreign languages or laptop programming languages.
An interview is a structured communication in which one player asks questions, and the alternative affords solutions. In commonplace parlance, the word "interview" refers to a one-on-one conversation between an interviewer and an interviewee.
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