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tatyana61 [14]
2 years ago
12

[The following information applies to questions 14-16.]

Business
1 answer:
Black_prince [1.1K]2 years ago
7 0

Answer:

a. Station       Staffing           Processing time              Capacity

                                       (hours/chair/worker)    (Staffing/activity time)

Stripping    3 workers            2.5                                   3/2.5 = 1.2

Priming       2 workers            1.5                                    2/1.5=1.33

Painting      2 workers            1.75                                  2/1.75=1.14

Inspection   1 worker           17/10=1.7                             1/1.7=0.59

Inspection have the bottle neck, due to the least capacity (0.59). So, the process capacity can be given as 0.59

Total time to produce first chair =2.5+1.5+1.75+1.7 = 7.45 hours

Total time to  make the each subsequent chair will be 1/0.59

b. So, total time to complete 15 chairs = (7.45)+ (1/0.59)*14

= 7.45 + 23.73

= 31.18 hours

c. In this case, there will be no bottle neck as each worker will be operating with its full capacity.

Total time taken by each worker to finish one chair = 2.5+1.5+1.75+1.7 = 7.45 hours & Total workers = 8

Maximum capacity = 8/7.45

Maximum capacity = 1.074 chairs per hour

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Answer:

When economic losses induce firms to leave the industry, demand for the original firm decreases.

Explanation:

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An example of monopolistic competition are restaurants  

When firms are earning positive economic profit, in the long run, firms enter into the industry. This drives economic profit to zero

If firms are earning negative economic profit, in the long run, firms leave the industry.  This drives economic profit to zero

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· No clear separation of governmental powers.
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Answer: The answer is constitutional monarchy

Explanation:

The question is based on constitutional monarchy and practising a parliamentary system of government. A constitutional monarchy is a situation whereby the king is the head of state recognized by the constitution. While the prime minister is the head of government. The prime minister in a parliamentary system of government is a member of parliament elected by his constituency to represent to represent them in the parliament. For example Britain, Belgium,Australia.

The person who assume the position of prime minister is usually the leader of the party who won the majority seat in the parliament. In this government, the executive is also an integral part of the parliament, and before anyone can become a minister under such a government such a person must have won a seat in the parliament also to represent his or her constituency in the parliament. In this system, the king or Queen is the ceremonial head of state.While the prime minister is the real head of government who oversee the day to day affairs of the government. In this system of government, the government seize to exist when a vote of no confidence is passed on such a government on the floor of the house.when this happened, the prime minister must resign and call for new election into the parliament.

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3 years ago
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Consider two neighboring island countries called Felicidad and Arcadia. They each have 4 million labor hours available per week
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Answer:

<u>Felicidad: </u>each bushel of rye cost 4 pairs of jeans

<u>Arcadia: </u>each bushel of rye cost 2 pair of jeans

As in comparison it takes less pair of the jean to produce a bushel of rye Arcadia has a comparative advantage in the production of rye

while Felicidad has it in the production of jeans.

<em>Specialized economy:</em>

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The opportunity cost is the number of goods not produced as a result of the production choice.

For the bushel of rye, it will be the pairs of jeans.

<em><u>For  Felicidad Island will be:</u></em>

16 jeans / 4 bushel of rye = 4 jeans

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<em><u>For Arcadia Island will be:</u></em>

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