Answer:
A binding price floor is set above the equilibrium price as a minimum price
A binding price ceiling is set below the equilibrium price as a maximum price
Equilibrium price is $1.50
a) The government prohibits donut shops from selling donuts for more than $1.10 each = Price ceiling and it is Binding
b) The government has instituted a legal minimum price of $1.80 each for donuts = Price Floor and it is Binding
c) Due to new regulations donut shops that would like to pay better wages in order to hire more workers are prohibited from doing so = Price ceiling and it is non-binding (as firms are wiling to offer higher wages than the minimum wage rate)
Explanation:
Answer:
A. job enlargement
Explanation:
Job enlargement: The term "job enlargement" is described as a process in which the scope of a specific job is being increased via extending the job's range of responsibilities and duties, usually within the same periphery and level. However, job enlargement tends to involve or encompass the combination of several activities at a specific level in an organization and adding or combining them into an existing job.
In the question above, the given statement represents job enlargement.
