Answer:
Productive; Allocative
Explanation:
The production possibility frontier shows the various combinations of two products that a limited resource.can produce.
So in competitive markets any choice along the PPF shows productive efficiency (where increased production of one good leads to reduced production of the other).
A specific choice by society on the PPF is allocatively efficient (concerned with consumer satisfaction, consumers choose which good will most satisfy them).
Draw the supply/demand curve. The line is above market equilibrium....the question literally states that the price rises, and since the supply curve has a positive slope (assuming unit elasticity), the supply will increase. Meanwhile, the demand curve has a negative slope (still assuming unit elasticity), so the demand for it will decrease. This will result in a surplus, aka, an excess supply.
Answer:
percentage change in the quantity demanded of one good divided by the percentage change in the price of another good.
Explanation:
Demand cross-elasticity is the measure of the relative change in the quantity demanded for a good or service (A) as a function of a certain relative change in the price of another good or service (B) considered to be a substitute for or complementary to the first (A). For example, how much would increase the amount of margarine demanded if there was an increase in the price of butter. The formula for calculating the cross elasticity of demand consists in dividing the relative change in the quantity demanded of a good divided by the relative change in the price of the substitute good.
Answer:
the answer is b) direct materials, direct labor, and manufacturing overhead.
Explanation:
direct materials - the materials and supplies used to create a product. (wood used to make a table)
direct labor- the labor and service implemented in the process of delivering finished goods. (hours spent on crafting the table)
manufacturing overhead- any indirect costs involved in the production of the product.
<span>Most processing in a computer takes place in a component called the __CPU___ processing unit.</span>