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Business, 13.10.2020 03:01 Jasten

Akari boss has offered to pay her for up to 5 hours of overtime today. Akari has already been working for 10 hours and is deciding whether to work more hours. When Akari considers whether she should work one more hour, she is applying the principle. When Akari weighs the money she will earn from working overtime against what she gives up to work the extra hours, she is applying the principle. If Akari decides to work the extra hours because she does not think any overtime will be offered in the near future, she is applying the principle. If Akari decides to work overtime because her next best alternative is watching TV at home, she is applying the principle. b. Niko, a local UPS manager, is trying to decide whether she should pay for additional trucks and drivers. When Niko considers whether she should pay for one more truck and driver, she is applying the principle. When Niko compares the cost of a new truck and driver to the benefit of increasing the package center's daily deliveries, she is applying the principle. If Niko decides that paying for a new software upgrade is a better alternative than paying for additional trucks and drivers, she is applying the principle. If Niko decides to pay for additional trucks and drivers because she expects the coming season to be extremely busy, she is applying the principle. Supply: Thinking Like a Seller - End of Chapter Problem Consider the following statement: "The market supply for natural gas is the sum of all prices that natural gas producers are willing and able to sell at for every quantity." What is the flaw in this statement? A. It should state that market supply is the sum of the quantities of natural gas that producers are willing and able to sell at every price. B. It should state that market supply is the price of natural gas that one firm is willing and able to provide a specified quantity of its product at. C. It should state that market supply is the quantity of natural gas that producers are willing and able to sell at one specific price. D. There is no flaw in this statement.

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