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2 years ago

Create a PPC for a country that produces 50 million guns and 200 tons of butter and label the following

1 answer:

8 0

The production possibility curve shows the different combination for output that can be produced from the resources and technology.

It should be noted that a PPC is simply a graph that's used to show the different combination for output that can be produced from the resources and technology.

In this case, the points show how much of the goods van be produced. Point E means underutilization.

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Suppose buyers of computers and printers regard the two goods as complements. Then an increase in the price of computers will ca

amid [387]

Answer: Option (a) is correct.

Explanation:

The complimentary goods are the goods which are used together to satisfy a given want. There is an inverse relationship between the price and demand of complimentary goods.

Suppose there are two complimentary goods such as computers and printers. So, an increase in the price of computers will lead to reduce the demand for printers because both are used together. Hence, there is a fall in the quantity supplied of printers. Alternatively, a decrease in the price of computers will lead to increase the demand for printers because both are used together.

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3 years ago

Trevorrow Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets

a_sh-v [17]

Answer:

Activity Variance for net operating Income = $ 10598 Unfavorable

Explanation:

Activity Variance for net operating Income = $ 10598 Unfavorable

Actual Budgeted

6600 Units 6600 Units

Revenue $194,472 $ 185,460

Direct labor $16,145 $ 16500

Direct materials $67,059 $ 68640

Manufacturing overhead $45,587 $ 45620

Selling and

<u>Administrative expenses $25,363 $ 24980</u>

Total Expenses $ 154154 155740

Net Op. Income $ 40,318 $ 29,720

The activity variance for net operating income = Actual- budget=

= $ 40,318 - $ 29,720

= $ 10598 Unfavorable

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3 years ago

An active worker receives $500 every two weeks. This kind of monetary reward for work is called ______.

dezoksy [38]

The correct answer for the question that is being presented above is this one: "Salary." An active worker receives $500 every two weeks. This kind of monetary reward for work is called salary. Salary is the amount of money that you get after a certain kind of labor is done.

4 0

3 years ago

On January 1, 2018, Bonita Corporation issued $5900000, 10-year, 9% bonds at 101. Interest is payable annually on January 1. The

GREYUIT [131]

Answer and Explanation:

The journal entry to record the issuance of the bond is shown below

On Jan 1, 2018

Cash (5,900,000 × 101%) $5,959,000

Bonds Payable $5,900,000

Premium on Bonds Payable $59,000

(Being the issuance of the bond is recorded)

Here the cash is debited as it increased the assets and credited the bond payable & premium on bond payable as it also increased the liabilities

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3 years ago

A production possibilities frontier (PPF) that is a straight-line sloping down from left to right would suggest that:

allsm [11]

A production possibilities frontier (PPF) that is a straight-line sloping down from left to right would suggest that: the opportunity costs of the products are constant.

<h3>What is opportunity Cost?</h3>

Opportunity cost is an amount of money or satisfaction that an individual is willing to let go.

This is done in other to choose another product with more benefits that the previous one.

It is constant when the slope moves to the right side of the graph

Therefore, A production possibilities frontier (PPF) that is a straight-line sloping down from left to right would suggest that: the opportunity costs of the products are constant.

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1 year ago