Sunscreen Factories Are Required to Limit Production to 100 Bottles

question 69

Multiple Choice

Sunscreen factories are required to limit production to 100 bottles a day,which is less than the efficient quantity.The 100 bottles could be allocated to beachgoers by ________,which is ________ by the fair rules idea of fairness and ________ by the fair results idea of fairness.

• A)first-come first-served;fair;unfair
• B)personal characteristics;fair;fair
• C)force;unfair;fair
• D)majority rule;fair;fair
• E)first-come first-served;fair;fair

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Definitions:

Bushels

A unit of volume that is used to measure agricultural commodities in the United States.

Corn

A cereal grain primarily used as livestock feed, biofuel, and as a staple food in many parts of the world, significant in agricultural economics.

Cross-hedging

An investment strategy used to manage risk by investing in assets indirectly related to the primary exposure.

Hedging

A risk management strategy used to limit or offset the probability of loss from fluctuations in the prices of commodities, currencies, or securities.