The Demand for Seats in 10 A

question 53

Multiple Choice

The demand for seats in 10 a.m.classes at the university is higher than the demand for seats in 8 a.m.classes.The supply of seats is fixed.If the university can only charge a single price and wishes to maximize the total number of seats purchased during the day,it should set the price

• A) at equilibrium for 8
• B) at equilibrium for 10 a.m. classes.
• C) equilibrium at 8 a.m.
• D) disequilibrium at 8 a.m., but we cannot determine which type.

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Definitions:

Vertical Division

The organizational structure where tasks and responsibilities are divided based on hierarchy or levels of authority.

Vertically

Pertains to the orientation or direction that goes from top to bottom or bottom to top, often used to describe the arrangement of hierarchies or layers.

Communication

The act or process of using words, symbols, or actions to express ideas, thoughts, or feelings, and to exchange information between individuals or groups.

Coordination

The organized arrangement of group activities and efforts to ensure a smooth operation or completion of a common task.