Answer:
1. False
2. Shortage; Larger
Explanation:
1. A binding price ceiling is one that prevents the market from reaching its equilibrium. In this market, the equilibrium price is $25 therefore anything below $25 will be binding. A price ceiling below $25 per box is a binding ceiling.
2<em>. Assuming that the long-run demand for oranges is the same as the short-run demand, you would expect a binding price ceiling to result in a </em><em><u>shortage</u></em><em> that is </em><em><u>larger</u></em><em> in the long run than in the short run.</em>
In the long run, supply is more sensitive because farmers can decide to plant oranges on their land, to plant something else, or to sell their land altogether.
This means that a price ceiling in the long run will be less attractive to farmers so they might leave the market. If they do this then the shortage will be more as there are now less supplies in the market.
Answer:
you provide settings where employees have the opportunity to converse with all levels of management.
Explanation:
In simple words, employees feel motivated and values when they fell involved in the decisions inside the organisation, as these decisions affects them too.
Generally, the core decisions in any organisation are taken by top managers but they too are dependent on lower level managers for the data they receive. Hence, a network should be set for employees so they can give their suggestions to all levels of managers.
Answer
The answer and procedures of the exercise are attached in the following archives.
Explanation
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Answer:
Alcohol is alcohol, and depedning on your weight, even just 2 drinks in your system would be enough for you to be considered impaired. Your friend may feel fine, but after several drinks they are not functioning as well as they should, and will still get in trouble with the police if they get pulled over and are breathalized. Tell your friend that you will drive home; if you both have had drinks, find someone else to drive you or call a taxi. It doesn't matter if it was 1 drink or 6, alcohol is alcohol.