Use the Following to Answer Question

question 189

Multiple Choice

Use the following to answer question:
-(Table: Demand Schedule of Gadgets) Use Table: Demand Schedule of Gadgets.The market for gadgets consists of two producers,Margaret and Ray.Each firm can produce gadgets at a marginal cost of $2 and no fixed cost.If these two producers formed a cartel,agreed to split production of output evenly,and acted to maximize total industry profits,total industry output would be _____,and the price would be _____.

• A)1,000;$10
• B)100;$9
• C)400;$6
• D)500;$5

Acknowledge how job size and organizational structure may influence commitment levels.

Determine the role of satisfying work in promoting organizational commitment.

Examine the potential conflicts between high levels of commitment and employees' personal life.

Understand the dynamics and reduction of prejudice and discrimination in society.

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Definitions:

Economy Changing

Refers to the dynamics and shifts occurring over time within an economic system, affecting growth, employment, and resources distribution.

Labor Demand

The total amount of workers that employers are willing and able to hire at a given wage rate, in a given time period.

Firm's Product

The goods or services produced by a firm, designed to meet consumer needs or desires, distinguishing the firm in its market.

Frictional Unemployment

Short-term unemployment that arises from the process of matching workers with jobs.