Answer:
A price ceiling set at $6 will be binding and will result in a shortage of 8 units.
Explanation:
In order for a price ceiling to be binding, it must be set below the equilibrium price level. In this case, $6 is below the equilibrium price of $10. It will produce a shortage of 8 units because the quantity supplied by producers will be only 6 units, while the quantity demanded by consumers will be 14 units.
Binding price ceilings always produce a deadweight loss which is represented by the area between the demand curve and the supply curve left to the equilibrium price.
Answer:
3 boxes per day
Explanation:
Productivity refers to output per worker per period. Productivity can be measured per a group of workers or for the entire firm.
Productivity is expressed as follows=units produced/inputs used
for John and group: units produced =120 boxes
Inputs used 40 hours per day
Their productivity = 120/40 hrs
=3 boxes per day
Answer:
Knowledge worker
Explanation:
Knowledge worker indicates the specification in a particular field. It also refers that when a person does a specific task, shows the speciality in it.
Therefore according to the given scenario Asian countries is affecting with a virus and a pharmaceutical company want to create a drug with the help of scientists who already research on the virus. Here, the company will use their expertise so that they can create the drug which indicates the knowledge worker.
Answer:
$6.9
Explanation:
If gallon of milk cost 1.12 in 1970, we can calculate the expected price in 2009 per gallon of milk using the proportion below:
2009 price/214.5 = $1.12/38.8
=>Find the expected price of 2009 by cross multiplying
38.8 × 2009 price = 1.12 × 214.5
38.8 × 2009 price = 240.24
=>Divide both sides by 38.8
2009 price = 240.24/38.8
2009 price = 6.19175258 ≈ 6.19
Expected price of gallon of milk in 2009 = $6.19
The type of care that Bill is receiving is hospice care. It is a care of which they focus on patients or individual who are ill, either chronically or terminally. They tend to provide the care that the patients need in regards to their needs of both spiritually and even emotionally. It could be seen above as Bill is being cared for as he is ill and is being provided by the care he needs.
