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xxTIMURxx [149]
2 years ago
6

Point x on a linear production possibilities curve represents a combination of 50 watches and 20 clocks, and point y represents

20 watches and 80 clocks. Suppose, clocks are on the vertical axis and watches are on the horizontal axis. The opportunity cost of producing one watch is:
Business
1 answer:
Veronika [31]2 years ago
4 0

Based on the coordinates of point x and those of point y on the linear production possibilities curve, the opportunity cost of producing one watch is 2 fewer clocks.

<h3>What is the opportunity cost of producing one watch?</h3>

The opportunity cost of producing one watch is the number of clocks that needs to be given up per watch.

This will therefore be the slope of the linear production possibilities curve which can be found as:

= (Y₂ - Y₁) / (X₂ - X₁)

Solving gives:

= (80 - 20) / (20 - 50)

= 60 / -20

= -2 clocks

This means that for every watch produced, there will be 2 clocks that will be foregone to make that watch.

In conclusion, the opportunity cost is 2 clocks.

Find out more on opportunity cost at brainly.com/question/481029.

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Evaluate the impact that the 5 Total Quality Management (TQM) elements have on Woolworths, as a large company.​
ki77a [65]

The main impact that the 5 Total Quality Management have on Woolworths is that it helps quality assurance for customers.

<h3>What is the Total Quality Management?</h3>

This is a management system that is assert that all staff must be committed to maintaining high standards of work in every aspect of a company's operations.

The five concept of Total Quality Management includes:

  • Produce quality work the first time
  • Focus on the customer
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  • Improve continuously
  • Encourage mutual respect and teamwork.

Read more about Total Quality Management

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5 0
2 years ago
A manufacturing firm is deciding whether to invest in a new printer that needs an initial investment of $150,000. This will incr
AnnyKZ [126]

Yes the firm should the 1 percent decrease of the capital won’t effect too much. So yes.

3 0
3 years ago
Which of the answers below correctly describe the cash over and short account? (check all that apply.)
lisabon 2012 [21]

The answers below correctly describe the cash over and short account as a debit balance reflecting an expense.

The debit stability in a margin account is the entire sum of money owed by the consumer to a broker or other lender for budget borrowed to purchase securities. a sum of money in a bank account, etc. that's much less than zero due to the fact more money becomes taken out of it than the total amount that becomes paid into it: clients should remember to transfer the debit stability to a credit card with a special charge for debt transfers.

assets and prices have herbal debit balances. which means nice values for assets and expenses are debited and bad balances are credited. subsequently, the current account has debit stability that must be shown on the asset aspect of the stability Sheet.

To learn more about debit balance visit here:

brainly.in/question/22645789

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4 0
10 months ago
RecRoom Equipment Company received an $13,200, six-month, 7 percent note to settle an $13,200 unpaid balance owed by a customer.
Effectus [21]

Answer:

RecRoom Equipment Company

Date                 Particulars               Debit              Credit

1Nov            Note Receivable      $ 13,200

                          Account Receivable                 $ 13,200

RecRoom Equipment Company received an $13,200, six-month, 7 percent note to settle an $13,200 unpaid balance owed by a customer.

31 December  Interest Receivable        $ 924

                              Interest Revenue                $ 924

To record the accrued interest earned. $13,200*7%= $ 924. As it is for two months the amount would be $ (924/12)*2= $ 154

1 May            Cash                    $ 13,662

                            Interest Income                           $ 462

                               Notes Receivable                  $ 13,200

  RecRoom receives the interest on the note's maturity date. RecRoom receives the principal on the note's maturity date.                                    

5 0
3 years ago
Motives are goal-oriented and drive us to fulfill a particular need. A consumer who determined that she needs a new pair of snea
Romashka [77]

Answer:

Motivational direction

Explanation:

The specific way a need is satisfied depends on the individual's unique history, learning experiences, and his or her cultural environment. In these example the need of the consumer is satisfied based on buying the branded sneakers listed which are considered to deliver positive benefits by other team members. Motivational direction is triggered once a need has been activated, a state of tension exists that drives the consumer to attempt to reduce or eliminate the need.

3 0
3 years ago
Read 2 more answers
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