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AURORKA [14]
3 years ago
9

A small metal shop operates 10 hours each day, producing 100 parts/hour. If productivity were increased 20%, how many hours woul

d the plant have to work to produce 1000 parts?
Business
1 answer:
ipn [44]3 years ago
3 0

Answer:

The plant would have to work 8.33 hours

Explanation:

Initial productivity:

100 parts were produced in 1 hour

Percentage increase in productivity = 20%

New productivity:

100 + (100 × 0.2) = 100 + 20 = 120

120 parts would be produced in 1 hour

Number of hours the plant would have to work to produce 1000 parts = 1000/120 = 8.33 hours

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Answer:

A. the change in the value of the optimal solution.

Explanation:

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3 years ago
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Answer:

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Explanation:

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But once a market assumes all the effects of existing taxes it reaches an equilibrium price that both consumers and producers are satisfied with. If a new tax is levied than the deadweight losses are greater since consumer surplus and producer surplus are both reduced. This will lead to a reduction in the incentive that both consumers and producers have to engage in transactions. Many times consumers will substitute heavily taxed goods for other goods since they feel they are getting more from consuming those goods (consumer surplus). The same happens to producers, many producers will change their heavily taxed goods for other goods.

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