You have just determined the actual number of workstations that will be used on an assembly line to be 8 using the assembly-line balancing procedure. the cycle time of the line is 10 minutes, and the sum of all that tasks required on the line is 60 minutes. which of the following is the correct value for the resulting line's efficiency? a. 0.500b. 0.650c.0.750d. 0.850e. none of these

Martha is one producer in the perfectly competitive jelly industry. last year, martha and all of her competitors found themselves earning economic profits. if there is free entry and exit, what do you expect to happen to the number of suppliers in the industry and the price of jelly? the number of suppliers will increase, and the price of jelly will fall. the number of suppliers will decrease, and the price of jelly will increase. the number of suppliers will increase, and the price of jelly will increase. the number of suppliers will decrease, and the price of jelly will fall.