Answer:
Bottleneck
Explanation:
A bottleneck can be described as a problem that causes delay in a process. The waiting line at the fee payment station is very long and this prevents the smooth sailing of the registration process and thus it constitutes a bottleneck
Answer:
The amount of value created
Explanation:
Value creation occurs when a firm perform actions that lead to a rise in the worth or value of the product its produces or the service its renders.
The aim of any business is to create value that give better value to customers in order entice them to buy its commodity at a better price. As a result, the more value a firm creates, the wider will be the difference between the production cost of the firm and the value placed on the products of the firm. This will in turn make the buyers to buy the product of the firm at a higher price which will lead to a higher profitability of the firm.
The implication is that the best method for a firm to increase its profitability is to create more value.
Therefore, the difference between a firm's production costs and the value consumers perceive in its products is called the amount of value created.
<span>Option D would be the best to select for this question. To affect the market outcome, a price ceiling must be set below the equilibrium price, as this means that the price cannot go any higher than it already is.</span>
Answer:
Option A, Equilibrium quantity will increase but the effect on the equilibrium price is unknown without more information, is the right answer.
Explanation:
Option A is correct because the change in technology allows the person to catch more fish with the same crew. Thus, this will increase the supply, and the supply curve will shift rightwards. Moreover, the new study shows that a reduction in heart attack will cause an increase in the demand for fish. So the demand curve will shift rightwards. Here, we can see the increase in equilibrium quantity but we can not explain the effect on price due to lack of information. Therefore, option A will be right.
