Congress makes a new law concerning the use of personal flight vehicles in public airspace. Which of the following would most likely happen? Congress creates the law along with a federal agency to administer it.
Answer:
Eventually no matter how much consumer needs a certain good or service, if a monopolist charges too much for it, the demand will start to fall, e.g. if Microsoft would start charging $2,000 for Windows licenses, eventually consumers would ditch Windows and switch to other operating systems.
Even if a monopolist is able to perfectly price discriminate, at some point consumers will no longer be able or willing to pay. No matter how much bargaining power a monopolist holds, consumers' income will always limit the maximum price.
Answer:
A.- 3.45 min to produce two work units
B.- In a 8-hout shift at standard performance 274 work units are produced
Explanation:
The Standart tiem per piece would be:
Given your numbers it will be:
This is the time per cycle to produce 2 work units
Now, in an 8 hours shift there are 480 minutes. Dividing between the standard time of a cycle we get the standard performance
Rounding, we will be getting 137 cycles
Lastly, because each cycle produce 2 work units we are having a total of 274 Units