Daily Supply and Demand: Oranges in Hurricane Alley

question 34

Multiple Choice

Daily Supply and Demand: Oranges in Hurricane Alley
Refer to the figure above.If the supplier sells the tenth pound of oranges to the most eager buyers for $8,the seller is _____ better off than before and the buyer is ______ better off than before.

• A) $8;$0
• B) $6;$2
• C) $4;$4
• D) $2;$6

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Definitions:

Primary Management Function

Primary management functions include planning, organizing, leading, and controlling, which are essential for achieving organizational goals.

Planning

The process of setting goals, defining strategies, and outlining tasks and schedules to accomplish these goals.

Managerial Position

A role within an organization responsible for overseeing operations, making decisions, and managing employees to achieve company objectives.

Flexible Work Schedules

Work arrangements that allow employees to vary their arrival and departure times, and/or choose their working hours, to accommodate personal needs and improve work-life balance.