As a hospital administrator of a large hospital, you are concerned with the absenteeism among nurses' aides. The issue has been raised by registered nurses, who feel they often have to perform work normally done by their aides. To get the facts, absenteeism data were gathered for the last three weeks, which is considered a representative period for future conditions. After taking random samples of 64 personnel files each day, the following data were produced: Because your assessment of absenteeism is likely to come under careful scrutiny, you would like a type I error of only 1 percent. You want to be sure to identify any instances of unusual absences. If some are present, you will have to explore them on behalf of the registered nurses. a. Design a p-chart. The upper control limit is and the lower control limit is (Enter your responses rounded to three decimal places. If your answer for the lower control limit is negative, enter this value as 0 .)
Answers
P-chart is a statistical chart used in quality control for attributes data to determine if a particular sample of data is within the control limits of a process. It is used to identify unusual absences and monitor the process by determining whether the process is within or out of control.
It helps in identifying the variation of a process that might lead to defects. P-chart is created by determining the proportion of nonconforming units in each sample.
Here is how to design a P-chart
Step 1: Calculation of sample size and defect rate
The first step is to calculate the sample size and defect rate. From the question, the data produced are samples of 64 personnel files each day. Hence, the sample size n = 64. To determine the defect rate (p), we add up all the absences and divide by the total number of opportunities for absence.
Step 2: Calculation of Upper and lower control limits
To calculate the upper control limit (UCL) and lower control limit (LCL), we use the formula:
UCL = p + Zα/2 * √((p(1-p))/n)
LCL = p - Zα/2 * √((p(1-p))/n)
Where Zα/2 is the z-value from the standard normal distribution table for a 99% confidence level (α=0.01)
For α=0.01, Zα/2 = 2.33
Therefore,
UCL = 0.6719 + 2.33 * √((0.6719(1-0.6719))/64)
UCL = 0.7968
LCL = 0.6719 - 2.33 * √((0.6719(1-0.6719))/64)
LCL = 0.5469
Therefore, the upper control limit is 0.797 and the lower control limit is 0.547.
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Related Questions
Rightway Construction's project manager has been given the task of planning and implementing the construction of a playground for the city of Northville. All construction plans and documents have been provided as well as a budget amount and completion date. Based on the above scenario, and assuming the project manager has studied all construction plans and documents and reviewed the budget, the next step for the manager will be to __________.
Answers
Explanation:
create a project schedule flow chart
Activity
You are a sales person in a vitamin store. What steps can you take to move up the company?
Answers
As a sales person I Look for a high-quality vitamin line that the pharmacist is willing to endorse. Brand loyalty is higher for premium vitamins than for inferior products.
How do you climb the corporate ladder?The first step towards climbing the corporate ladder might not be requesting for the new position just yet. Many AdRoll Group employees credit one small detail—mastering their core role—for their success in progressing forward in the organization.
Is it wise to advance in a company?You may remain enthusiastic and involved in your work if you have the chance to advance in your organization. Greater income, new initiatives, and increased power at work may accompany promotions. Getting promoted at work also looks.
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southwest airlines sends an email to frequent-flier customers offering a special low price between selected cities if the plane ticket is purchased within the next four days. this is an example of
Answers
The type of promotion used by Southwest Airlines to send emails to frequent-flier customers on low prices, is an example of Direct marketing.
What is direct marketing?Direct marketing, as the term implies, is a method of communication and promotion where a company communicates directly with the customers or potential customers about products that are on offer.
The action by Southwest Airlines is an example of direct marketing because Southwest Airlines communicated directly with its frequent-flier customers via their emails.
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One-, two and three-year maturity, default-free, zero-coupon bonds have yields to maturity of 5%, 6%, and 7%, respectively. What is the implied 1-year forward rate 1 year from today? 11.11% 16.67% 7% 8.01%
Answers
The implied 1-year forward rate 1 year from today is 8.01%. This rate is calculated from the yields to maturity of one-, two-, and three-year zero coupon bonds.
A zero coupon bond pays no interest, but instead is issued at a discount to face value and matures at face value. The yield to maturity (YTM) of a zero coupon bond is the rate of return that an investor earns by holding the bond until maturity.
The forward rate (FR) is the expected rate of return on a security in a given time period. The formula to calculate the 1-year forward rate 1 year from today is FR = (1+YTM2) / (1+YTM1) - 1.
In this case, the 1-year forward rate 1 year from today is (1+6%)/(1+5%)-1 = 8.01%. Therefore, the implied 1-year forward rate 1 year from today is 8.01%.
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You work in a company that has snacks in the kitchen. You realize that a coworker never brings their own food or eats out, but instead eats 5-6 snacks each day. You’re aware that other employees help themselves to snacks, but limit themselves to 1 snack per day.
Answers
In case you worry about your colleague's frequent munching tendencies, try initiating a cordial and objective dialogue without any hint of criticism. Voice your concern regarding their welfare and enquire on how to assist them in choosing healthier snacks.
How should you treat this situation?Additionally, it may be plausible that this coworker has an underlying medical condition or dietary limitation prompting he requires more snack breaks than what is perceived as normal practice. In such cases, supportive understanding will go a long way in the person's psychology boosting.
Furthermore, for workers who only snack once each day, disparities impact different dietary necessities and lifestyle preferences aside from health aspects. Hence, gauging an individual in line with someone else proves futile due to numerous factors at play.
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corporations are granted the power to issue bonds through
Answers
Answer: State laws.
Explanation:
What are Logistics careers?
Answers
e. Describe the methods you would use to pay and motivate sales people to sell this product. Would you use sales quotas or a particular type of commission structure? Why or why not? (1-5 sentences. 2.0 points)
Answers
Answer:
I would use progressive commission sales, for example:
number of units sold sales commission
0 - 200 2%
201 - 400 2.5%
401 - 600 3%
601 - 800 3.5%
801 - 1,000 4%
This way, salespeople will be motivated to sell more units, since they know that their income will increase dramatically as there sales volume increases.
Identify three strengths of each human service delivery system?
Answers
Answer:
hope it helps
Explanation:
The Medical Model. is the oldest of the three models. Looks at symptoms, illness and sickness.
The Public Health Model. Looks at how illness affects population. Focus is on education, prevention and nutrition.
The Human Service Model. Looks at the client and their environment
Chapter Video Case: Distributing Products Featuring Tuft & Needle
This activity is important because it illustrates how Tuft & Needle was able to take an idea and make it a reality—it was able to simplify the manufacturing and distribution of mattresses. By streamlining the process and handling all of the logistics, the company was able to take a task that most customers did not enjoy and make it a direct-to-consumer business. The company did reintroduce retailers for consumers who still wanted to test mattresses. Tuft & Needle is now one of the highest rated mattresses on Amazon offering only one model.
The goal of this activity is to demonstrate your understanding of the importance of the supply chain and logistics in a direct-to-consumer business. The customer has to be the focus and believe that you are selling a quality product for this model to be successful.
To serve the customers who want to test out the mattress before buying it, the company had to bring back the
wholesaler.
pureplay.
e-tailer.
retailer.
distributor.
Having one model mattress makes your __________ very simple.
viral marketing
supply chain
brand equity
brand loyalty
focus group
The planning and moving of materials and goods from one place to the next is known as
social commerce.
viral marketing.
logistics.
push strategy.
bundling.
What channel of distribution did Tuft & Needle start off using exclusively?
wholesaler
retailer
direct to consumer
wholesaler and retailer
broker
Tuft & Needle wanted to build credibility in its brand, so it turned to Amazon. The company decided to sell on Amazon to get its customers to write reviews and after about six months Tuft & Needle was the highest rated mattress. This exemplifies what type of sales promotion?
catalogs
word of mouth
coupons
product placement
push strategy
Answers
To serve the customers who want to test out the mattress before buying it, the company had to bring back the retailer. option(A) is correct.
What is the customer?A client is a person who purchases goods, services, or ideas from a seller, vendor, or supplier in exchange for money or another useful consideration. This definition applies to sales, commerce, and economics.
An individual or business that purchases goods or services from another company is known as a customer. Customers are crucial to businesses because they generate income; without them, they would cease to exist. A retailer is a businessperson who sells goods to the general public.
Having one model mattress makes your supply chain very simple.
Therefore, option(A) is correct.
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A cyclist must decide between purchasing a new helmet for about $60 or a set of aerobars for about $120. If she decides to purchase
the aerobars, what is the opportunity cost?
A. The net value to the cyclist of the helmet.
B. The difference in price of $60.
C. The net value to the cyclist of $60 and a new helmet.
D. The net value to the cyclist of the new aerobars.
Answers
Answer:
C. The net value to the cyclist of $60 and a new helmet.
Explanation:
The cyclist will be loosing the opportunity of gaining $60 which is the helmets worth and the utility of having and using the helmet itself.
Just took the test and got it right ( ;
Answer:
The net value to the cyclist of $60 and a new helmet.
Explanation:
Which is a good rule to follow when sending business emails? (1 point)
Answers
Answer:
Avoid forwarding spam and unnecessary messages such as chain letters.
Explanation: did the test
The good rule that must follow at the time of sending business emails is to avoid forwarding spam and unwanted texts like chain letters.
What is email?An email, is also called as the electronic mail. It is one of the most extensively employed features of the Internet, that is mostly used in the formal business organizations.
It allows a person to transport and acquire messages from nay person in the globe that has an email account. Within the TCP/IP suite, email uses a variety of protocols.
When sending business emails, a good tip to follow is to avoid forwarding spam and undesirable texts like chain letters.
Therefore, the use of formal languages and proper formats made the emails more accurate.
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a project that provides annual cash flows of $17,000 for ten years costs $76,000 today. what is the npv for the project if the required return is 9 percent? (do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Answers
The project has a positive NPV of $76,445.
The NPV of a project that provides annual cash flows of $17,000 for ten years, with a cost of $76,000 today and a required return of 9%, can be calculated by subtracting the present value of the cost from the present value of the cash flows.
Calculations:
The present value of the cost is $76,000 / (1 + 0.09) ^ 10 = $46,876.
The present value of the cash flows is 17,000 x (1 - (1 / (1 + 0.09) ^ 10)) / 0.09 = $123,321.
Therefore, the NPV of the project is $123,321 - $46,876 = $76,445. This means that the project has a positive NPV of $76,445, and is likely to be a good investment.
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Why is the job search process a cycle, rather than a series of
steps?
Answers
The job search process is considered a cycle rather than a series of steps because it involves ongoing and interconnected activities, including self-assessment, research, networking, application submission, interview preparation, and evaluation.
The job search process is better characterized as a cycle due to its iterative nature and continuous evolution. It involves various interconnected activities that are not necessarily linear or sequential. Here are a few reasons why it is considered a cycle:
1. Self-assessment: Self-assessment is a crucial step in understanding one's skills, interests, values, and career goals. However, these aspects may change over time as individuals gain experience, develop new skills, or reassess their professional priorities. Thus, self-assessment is an ongoing process that requires periodic reflection and adjustment.
2. Research: Job seekers need to research industries, companies, and job market trends to identify opportunities and make informed decisions. However, the job market is dynamic, with new roles, technologies, and trends emerging continuously. Ongoing research is necessary to stay updated and adapt strategies accordingly.
3. Networking: Building and maintaining professional networks is essential for accessing job opportunities. Networking is not a one-time event but an ongoing process that involves cultivating relationships, attending events, and engaging with industry professionals. Networking efforts continue even after securing a job to expand professional connections and stay abreast of industry developments.
4. Application and interviews: Submitting applications and preparing for interviews are integral parts of the job search process. However, feedback from interviews and application outcomes can provide valuable insights for refining future applications and interview techniques. It is a learning process that may involve revisiting resumes, cover letters, and interview strategies to improve one's chances of success.
5. Evaluation and adjustment: After each job search cycle, individuals evaluate their experiences, outcomes, and lessons learned. This evaluation helps in identifying areas for improvement, assessing career goals, and adjusting strategies accordingly. It allows for reflection and refinement of job search techniques to increase effectiveness and align with changing circumstances.
Considering the iterative nature of the job search process, viewing it as a cycle acknowledges that it is not a one-time endeavor but a continuous journey that evolves as individuals progress in their careers, gain new experiences, and adapt to changing professional landscapes.
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because of automation, which component of product cost is declining?
Answers
Suppose that a worker in Cornland can grow either 40 bushels of corn or 10 bushels of oats per year, and a worker in Oatland can grow either 5 bushels of corn or 50 bushels of oats per year. There are 20 workers in Cornland and 20 workers in Oatland. If the two countries do not trade, Cornland will produce and consume 400 bushels of corn and 100 bushels of oats, while Oatland will produce and consume 60 bushels of corn and 400 bushels of oats. If each country made the decision to specialize in producing the good in which it has a comparative advantage, then the combined yearly output of the two countries would increase by
Answers
Answer:
see. I hope it's helpful for you lolExplanation:
i need friend lol can you my friend
Can I Plss get some help on this
Answers
The reason the government monitors the size of the money supply is so that they can maintain stability and limit inflation.
Why should money supply be monitored?Money supply impacts the level of inflation in a country and therefore the stability of the nation as inflation is tied to economic stability.
The government would therefore try to maintain a level of money supply that leads to an inflation rate that is not too high or low, but will contribute to economic growth.
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the city of canandaigua receives proceeds from the sale of land, the transaction is considered to be a special item. where are the proceeds reported on the statement of revenues, expenditures, and changes in fund balance?
Answers
The proceeds reported on the statement of revenues, expenditures, and changes in fund balance are A) Separately after other financing sources and uses.
Fund balance is an accounting term to describe the distinction between a fund's assets and liabilities. For “coins basis” entities (the general public of neighborhood governments in Washington), the fund balance represents the internet coins in the end revenues were deposited and all prices had been paid.
Fund balance is an accounting time period to describe the distinction between a fund's belongings and liabilities. For “cash basis” entities (the general public of nearby governments in Washington), fund stability represents the net cash in spite of everything revenues had been deposited and all prices were paid.
A terrible balance is on a Fund wherein it isn't always permissible at 12 months stop (e.G., the General Fund for administrative departments). Negative stability is on a “one-time” Fund and no further revenue is anticipated (e.G., an expendable gift Fund that does not have extra predicted receipts).
Disclaimer: The question is incomplete. Please read below to find the missing content.
Question: The city of Canandaigua receives proceeds from the sale of land, the transaction is considered to be a special item. Where are the proceeds reported on the Statement of Revenues, Expenditures, and Changes in Fund Balance?
A) Separately after other financing sources and uses.
B) As a revenue.
C) As an item that changes the Fund Balance.
D) The proceeds are not recorded but the gain on the sale is.
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ECON QUESTION !!
What is the overall objective of a business raising financial capital?(1 point)
A) decrease operating costs and increase the number of investors
B) increase revenues and the number of investors
C) reducing financial obligations and increase revenue
D) grow and increase profit
chapter 5 test, banking and finance...if you have all the answers that would be greatly appreciated
Answers
The main goal is to increase shareholder value as much as possible.
Businesses frequently make decisions that include spending money now while planning to turn a profit later. Examples are when a business purchases a machine with a 10-year lifespan, constructs a new facility with a 30-year lifespan, or launches a research and development initiative. Four basic methods exist for businesses to obtain the funding they require to fund these initiatives: (1) early-stage investors; (2) profit reinvestment; (3) bank or bond borrowing; and (4) stock sales. Business owners decide how to pay for financial capital sources when they select those sources.
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The national fair housing alliance has concerns about whether or not programs meant to address the financial and mortgage crisis are ______.
Answers
The national fair housing alliance has concerns about whether or not programs meant to address the financial and mortgage crisis are adequate.
They may question whether these programs effectively support those affected by the crisis, provide sufficient relief, and address systemic issues that contributed to the crisis. Ensuring fair and equitable access to housing assistance and financial relief is crucial in tackling the challenges posed by such crises.
In addition to questioning the adequacy of programs meant to address the financial and mortgage crisis. It is crucial to examine whether these programs are reaching and effectively supporting those most affected by the crisis, including marginalized communities and vulnerable populations.
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For an agreement to be a sale, title must pass at the time the agreement is made
Answers
It is a false statement that the title must pass at the time the agreement is made for an agreement to be a sale because in a sales contract, the title passes to the buyer at the time and the place the seller performs by delivering the good.
What is known as Contract of sales?In law, a contract of sale refers to the agreement between a seller and a buyer. Here, the seller will agrees to deliver or sell something to a buyer for a set price that the buyer has agreed to pay. With this, such transfer of ownership happens when the buyer pays and the seller delivers.
However, this contract does changes in situations where the seller cannot yet deliver the item that is sold, it also happens when the buyer cannot yet pay the full price. But both the parties can still agree on transferring the ownership to the person buying in these situations mostly, as long as such seller is ready to deliver what is being sold.
Full question "For an agreement to be a sale, title must pass at the time the agreement is made. True/False".
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When should a person proceed with a
choice in terms of marginal benefits
and cost?
O when the market is high
O when there is no difference
O when the benefits outweigh the
cost
Answers
Answer:
when the difference outweighs the cost
V
Use the drop-down menus to identify the steps
involved in deleting the blank row in this scenario.
Step 1:
Step 2:
Step 3:
Step 4: Click the Delete Row option
V
Y
Answers
Answer:
Step 1. Put the insertion point in the blank row
Step 2. Navigate layout tab.
Step 3. Click the delete option.
Explanation:
Dude trust me.
Using the perpetual inventory system, what is the effect of a sale of inventory on assets?
Answers
Answer:
assets increase by the sales price of the inventory
assets decrease by the cost of the inventory
Explanation:
What is a performance obligation and how is it related to revenue recognition?
Explain how management can shift income from one period into another by using the allowance for uncollectibles account.
Why do companies allow sales returns, and how does this business practice affect reported revenue?
please provide 250 words for each request and zero plagarisam
Answers
Answer 1: A performance obligation is an obligation or promise in a contract between two parties where one party has a duty to transfer a good or service to another party. It is related to revenue recognition as revenue is recognized when a company satisfies a performance obligation by transferring a good or service to the customer.
This means that revenue is not recognized until the company has completed its obligation to the customer. This ensures that revenue is only recognized when it is earned and not when the cash is received. The concept of performance obligations is an important part of the revenue recognition standard, which is used to account for the timing and amount of revenue recognized by companies. It helps companies to determine when they have earned revenue, and when they have not. This is important for investors, creditors, and other stakeholders who rely on financial statements to make investment and lending decisions.
Answer 2: Management can shift income from one period into another by using the allowance for uncollectibles account. This account is used to record the estimated amount of accounts receivable that will not be collected. By adjusting the allowance for uncollectibles account, management can shift income from one period to another.
Companies must carefully manage sales returns to ensure that they do not have a negative impact on their financial performance. They must have policies and procedures in place to handle sales returns, and must carefully monitor the number and amount of sales returns to identify any trends or issues that may arise. They must also ensure that they have adequate reserves for sales returns to avoid any surprises or unexpected expenses.
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Consider the businesses that began in the founders garages? What were the benefits of starting in there garage for these companies ? Would you ever consider starting your business in your garage why or why not
Answers
Some of the benefits of starting their companies in their garage to the businesses were:
Low costs of operations Allows for work at odd hours Comfortable and familiar environmentFor the benefits above given, I would consider starting my business in my garage.
What are the benefits of starting a business in a garage?When you have your business in your own garage, you won't have to pay for things like rent and utilities for the business alone which would save you from costs of operating.
You can also work at the garage in odd hours like the early mornings and late nights without worrying about safety or being too far from home.
Also, you can dress as comfortably as you like because you'll still be home. This will help with creativity.
These are good reasons why I would start my business from my garage.
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The purpose of diversity training is to help employees __________ their biases.
a. ignore
b. hide
c. become aware of
d. eliminate
e. expand
Answers
The purpose of diversity training is to help employees become aware of their biases.
Option c) "become aware of" is the correct answer. Diversity training aims to educate employees about various aspects of diversity, including race, ethnicity, gender, age, religion, sexual orientation, and more.
By providing education and awareness, diversity training helps individuals recognize and understand their own biases, stereotypes, and prejudices that they may hold unconsciously. It encourages employees to examine their beliefs and attitudes and fosters an inclusive and respectful work environment.
Options a) "ignore" and b) "hide" are not accurate because diversity training aims to address biases rather than ignore or hide them. Option d) "eliminate" is partially correct, as the goal is to minimize and mitigate biases, but complete elimination may not be entirely feasible. Option e) "expand" is not applicable as it does not capture the purpose of diversity training related to biases.
Therefore, the most appropriate answer is c) become aware of.
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Use the graph to answer the question that follows.
Which statement describes the shift from D1 to D2?
Demand for the product increased.
Less of the product is being produced.
Demand for the product decreased.
More of the product is being produced.
Answers
The statement that describes the shift from D1 to D2 is the demand for the product increased.
What does the shift from D1 to D2 signify?The graph represented in the image is that of a demand curve. A demand curve is a curve that shows the relationship between price and quantity demanded.
The demand curve is negatively sloped because the higher the price, the lower the quantity demanded. This is in line with the law of demand.
When the demand curve shifts to the right, it indicates an increase in demand. When the demand curve shifts to the left, it indicates a decrease in demand.
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Answer:
Demand for the product increased!
Explanation:
option A
Question 40 of 40
Product differentiation occurs most frequently in what part of the product life
cycle?
A. Introduction
B. Growth
C. Decline
D. Maturity
Answers
Product differentiation occurs most frequently in the D. maturity part of the product life cycle.
Maturity isn't a matter of age, but rather, of how you choose to respond and reply to colorful life situations. It's basically a position of internal development or wisdom that has a bearing on all areas of an existent's life, right from their conduct to their relationship with others. A mature person will take responsibility for his own conduct rather than condemn others. He'll take a far-sighted view of effects and act in a considered, rather than a robotic manner. Mature people are suitable to accept themselves for who they are; they exercise kindness indeed in the face of their failings. You can seek to ameliorate yourself and grow as an individual, but maturity allows you to take your present situation and all the once events that have led to it and make peace with them.
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Based on the graph shown above, which of the following is the equallibrium quantity and price at which the compony should sell the truck
Answers
Based on the graph shown above, the following is the equilibrium quantity and price at which the company should sell the truck: option B. 300 trucks at $6 per truck
What is an equilibrium quantity and price?In economics, an equilibrium quantity and price refers to a state in which the quantity of a good or service that a seller is willing to supply is equal to the quantity that a buyer is willing to demand, and the price at which this transaction occurs is the equilibrium price. This is also known as market equilibrium.
At the equilibrium price, there is no surplus or shortage of the good or service, and the market is said to be in balance. If the price is higher than the equilibrium price, there will be a surplus of the good or service, and if the price is lower than the equilibrium price, there will be a shortage.
The equilibrium quantity and price are determined by the interaction of supply and demand in a market. When the supply and demand curves intersect, the equilibrium quantity and price are established.
Therefore, the correct answer is as given above
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The complete question goes thus:
A toy company created a new truck to offer to consumers.
Based on the graph shown above, which of the following is the equilibrium quantity and price at which the company should sell the truck?
A. 200 trucks at $8 per truck
B. 300 trucks at $6 per truck
C. 400 trucks at $8 per truck
D. 200 trucks at $4 per truck
