Standard quantities allowed of labor and materials miel company produces ready-to-cook oatmeal. each carton of oatmeal requires 10 ounces of rolled oats per carton (the unit quantity standard) and 0.04 labor hour (the unit labor standard). during the year, 600,000 cartons of oatmeal were produced. required:
1. calculate the total amount of oats allowed for the actual output. ounces
2. calculate the total amount of labor hours allowed for the actual output. hours

Acoase solution to a problem of externality ensures that a socially efficient outcome is to

Which of the following statements is (are) true? i. free entry to a perfectly competitive industry results in the industry's firms earning zero economic profit in the long run, except for the most efficient producers, who may earn economic rent. ii. in a perfectly competitive market, long-run equilibrium is characterized by lmc < p < latc. iii. if a competitive industry is in long-run equilibrium, a decrease in demand causes firms to earn negative profit because the market price will fall below average total cost.

What is the minimum educational requirement for a pediatric psychopharmacologist? a. md b. phd c. bachelors in medicine d. masters in medicine e. psyd