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question 189

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Use the following to answer questions:
Figure: Industry Firms Use the following to answer questions: Figure: Industry Firms   -(Figure: Industry Firms)  Refer to the figures. The market is characterized by demand curve D<sub>2</sub> and supply curve S<sub>1</sub>. The firms in the industry are earning ________, which will cause the______________. A)  profit; supply curve to shift to S<sub>2</sub> B)  losses; demand curve to shift to D<sub>1</sub> C)  profit; supply curve to shift to S<sub>2</sub> and the demand curve to shift to D<sub>1</sub> D)  losses; supply curve to shift to S<sub>2</sub> and the demand curve to shift to D<sub>1</sub>
-(Figure: Industry Firms) Refer to the figures. The market is characterized by demand curve D2 and supply curve S1. The firms in the industry are earning ________, which will cause the______________.


Definitions:

Production Control

The activity of monitoring and controlling any particular production or operation, aiming to ensure that production runs smoothly, efficiently, and to schedule.

Needed Adjustments

Modifications or changes required to achieve desired objectives or to correct deviations from plans.

Production Supervisor

A professional responsible for overseeing the daily operations of manufacturing plants or production units, ensuring efficiency and quality output.

Work Assignments

Specific tasks or duties assigned to employees as part of their job responsibilities, often contributing to larger projects or business goals.

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