Occupational Safety and Health Administration (OSHA) was created to ensure healthy and safe work environments for all workers. Being that the factory did not offer adequate ventilation, the workers could be at risk for harm, and be in violation of OSHA standards.
Answer:
Answer for below mentioned points is in the attached image :
Use a decision tree to determine whether Moon should add capacity to its Santa Clara plant or if it should outsource to Molectron. What are some other factors that we have not discussed that would affect this decision?
Explanation:
Answer:
The company will produce the requested 150 units of A for a gain of 300 dollars
and then use his resourses to produce B yielding a gain of 90 dollars
total of 390 profit
Explanation:
The company will produce at least 150 units of product A therefore:
lbs used: 150 x 3 = 450
minutes of labor used 150 x 8 = 1,200
leaving available:
1,200 - 450 = 750 lbs
1,500 - 1,200 = 300 mins
As time is the most scarce resource we allocate base on thecontribution per minute:
product A $2 of profit for 8 minutes: 0.25 dollars per minute
product B $1.5 of profit for 5 minutes: 0.30 dollars per minute
As product B is more profitable considering labor time we use the entire amount left to produce product B
300 min / 5 minutes = 60 units of b
Question Completion:
What is a price floor?
Answer:
A price floor of $2 for milk producers across Arizona and nationwide means that the government does not want the price of milk to fall below $2. This measure enables dairies to remain in operation. It favors producers to the detriment of consumers, at least in the short-run.
Explanation:
However, assuming that the market was efficient before the price floor was introduced by the government, the price floor of $2 per gallon for milk could cause a deadweight loss to occur. In Economics, a deadweight loss reduces economic efficiency. It implies that consumers pay a higher price for the same quantity of goods they were purchasing before the price floor was introduced. Thus, the reaction of consumers would be to reduce their demand or drop out of the market entirely (instead of producers dropping out of the market through the normal operation of the market forces).
Answer:
The cross price elasticity of salsa and guacamole is 0.2. The two goods are substitutes.
Explanation:
The price of guacamole is increased from $2 to $2.5.
Percentage change in price
= 
= 
= 25%
The demand for salsa rises by 5%.
The cross price elasticity will be
= 
= 
= 0.2
We see that the cross price elasticity is positive. This means that the two goods are substitutes. When price of one good will increase consumers will prefer the cheaper substitute, increasing its demand.
