In Johnson Corporation, the First Shift Produced 8 1/2

question 26

Multiple Choice

In Johnson Corporation, the first shift produced 8 1/2 times as many light bulbs as the second shift. If the total light bulbs produced were 24,700, how many light bulbs were produced on shift 2?

• A) 2,600
• B) 22,100
• C) 6,200
• D) 22,010
• E) None of these

---

Definitions:

Price Floor

A government-imposed limit below which prices cannot fall, typically used to ensure that producers can cover their costs.

Market Price

The current price at which an asset or service can be bought or sold in a particular market.

Price Ceiling

A government-imposed limit on how high a price can be charged for a product, service, or commodity, aimed at protecting consumers.

Moral Argument

A moral argument is a rationale based on ethical principles, aiming to determine right from wrong or justify moral judgments and behaviors.