50 !

which best describes the jobs each applicant could obtain with their educational background?

a)eli can work as an astronomer, blake can work as an agricultural engineer, fiona can work as a mathematician, and zoey can work as a conservation scientist.
b)eli can work as a civil engineer, blake can work as an aerospace engineer, fiona can work as a park naturalist, and zoey can work as a materials scientist.
c)eli can work as an electro-mechanical technician, blake can work as a biochemist, fiona can work as an industrial ecologist, and zoey can work as an archivist.
d)eli can work as an electronic engineering technician, blake can work as a museum conservator, fiona can work as a robotics engineer, and zoey can work as a mathematician.

Aprice ceiling is “binding” if the price ceiling is set below the equilibrium price. suppose that the equilibrium price is $5. if a price ceiling is set at $6, this will not affect the market in any way since $5 remains a legally allowable price (since $5 < $6). a price ceiling of $6 is called a “non-binding” price ceiling. on the other hand, if the price ceiling is set at $4, the price ceiling is “binding” because the natural equilibrium price is $5 but that is no longer allowed. what happens when there is a binding price ceiling? at a price below the equilibrium price, quantity demanded exceeds quantity supplied. there is a shortage. normally, price increases eliminate shortages by increasing quantity supplied and decreasing quantity demanded. in this case, however, price increases are not allowed past the price ceiling. we therefore predict that the observed market price will be right at the price ceiling and there will be a permanent shortage. the observed quantity bought and sold will be dictated by the quantity supplied at the price ceiling. although consumers would like to buy more, there are no more units for sale

The purpose of safety stock is to: a. eliminate the possibility of a stockout. b. control the likelihood of a stockout due to variable demand and/or lead time. c. eliminate the likelihood of a stockout due to erroneous inventory tally. d. protect the firm from a sudden decrease in demand. e. replace failed units with good ones.

Which of the following situations is most likely to change a buyer's market into a seller's market? a. a natural disaster that drives away a lot of the population. b. the price of building materials suddenly going up. c. the government buys up a lot of houses to build a new freeway. d. a factory laying off a lot of workers in the area.