1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
neonofarm [45]
2 years ago
12

When the opportunity cost associated with increasing the production of one good or service in terms of another is constant at ev

ery level of production, then the production possibility frontier is:______.
Business
1 answer:
Vladimir [108]2 years ago
5 0

When the opportunity cost associated with increasing the production of one good or service in terms of another is constant at every level of production, then the production possibility frontier is <u>rightward</u>.

<h3>What is production possibility frontier?</h3>

A model used to illustrate the trade-offs related to splitting resources between the production of two items is called the Production Possibilities Curve (PPC). The PPC is a useful tool for demonstrating the ideas of scarcity, opportunity cost, efficiency, and economic development and contraction.

The value or advantage forfeited by engaging in a specific activity in comparison to engaging in a different activity is known as the opportunity cost in microeconomic theory. Simply put, it means that if you choose one activity, you forfeit the chance to do another.

We can produce more as the economy expands and all other factors remain the same, hence this will cause a movement in the production possibilities curve to the right, or outward.

Learn more about opportunity cost on:

brainly.com/question/1549591

#SPJ1

You might be interested in
Why is it important to understand money behavior is 80% and you have with your money and 20% is knowledge
musickatia [10]

Answer:

because it is always good to have money and understand and then save it and spend it wisely

Explanation:

7 0
3 years ago
Explain the link between scarcity and each of the followin​
Leto [7]

The link between the Scarcity and choice is the study of how individuals and society choose to allocate scarce resources.

<h3>What is the Meaning of Scarcity?</h3>

Scarcity refers to the insufficient or the shortage of the resources with the individual or in the particular nation. For Example In any Industry there is the shortage of the skilled workers.

The complete question is attached below.

The link between the Scarcity and the Opportunity Cost is that it has the direct implication on the scarcity. In decision making process, one must has to sacrifice the opportunity cost of that action.

The link between the Scarcity and competition is due to the Lack of resources which forces people to compete for the limited resources that are accessible because there aren't enough to satisfy everyone's wants.

Additionally, people would compete for the rationing tool, such as money, whatever it may be.

Learn more about Scarcity here:

brainly.com/question/13186252

#SPJ1

8 0
2 years ago
Thompson Company incurred research and development costs of $100,000 and legal fees of $30,000 to acquire a patent. The patent h
wariber [46]

Answer:

b. 3,000

Explanation:

The computation of the  Patent Amortization Expense in the first year is shown below:

= Legal fees to acquire a patent ÷ estimated useful life

= $30,000 ÷ 10 years

= $3,000

Only the legal expense would be amortized in a year.

And, the lesser period of legal life i.e 20 years and useful life i.e 10 years would be taken in the computation part. So, the lesser time period would be considered i.e useful life of 10 years

7 0
3 years ago
Read 2 more answers
Rick's is a medium-sized construction company located in a busy metropolitan city. The company specializes in for-business const
zmey [24]

Answer:

marketing of relationship.

Explanation:

Marketing of relationship can be defined a marketing strategy whose main objective is customer loyalty.

This is a strategy that requires constant and precise efforts by an organization, so it is necessary to offer the customer special benefits and conditions in order to achieve customer satisfaction.

In a competitive market, maintaining a close relationship with the customer is essential for the success of a business, therefore the actions that will assist in this relationship building must be implemented as the organizational culture, shared in the internal and external environment. The focus on communication must be prioritized, as maintaining an open and direct communication with the customer, creates a relationship of transparency and honesty, the customer has to feel comfortable to compliment or complain about their products or services, be treated with honesty and cordiality, to create a positive experience about the organization.

It is important that the company knows its customer, does research and seeks to meet their demands and even exceed their expectations, to create the best service and the best experience for its potential customer.

8 0
3 years ago
Read 2 more answers
Which of the following statements is TRUE with regard to gross margin?
Naddik [55]

ANSWER: (A)

EXPLANATION: Gross margin is the difference between revenue and cost of goods sold divided by revenue. Gross margin is expressed as a percentage. Generally, it is calculated as the selling price of an item, less the cost of goods sold. Gross Margin is often used interchangeably with Gross Profit, but the terms are different.

7 0
3 years ago
Other questions:
  • Great Lakes Steel Supply is losing significant market share and thus its managers have decided to decrease the firm's annual div
    6·1 answer
  • Which social networking platform is specifically for career networking?
    13·2 answers
  • stack of poles has 24 poles in the bottom row, 23 poles in the next row, and so on, with 9 poles in the top row. How many poles
    14·1 answer
  • McDonald's "Plan to Win" strategy has added healthy food options to its menu, phased out traditional artery-clogging trans fats,
    8·1 answer
  • A and B have a written contract whereby A agrees to sell B a plot of land for $100,000. Later, without terminating the first con
    5·1 answer
  • In its first month of operations, Windsor, Inc. made three purchases of merchandise in the following sequence: (1) 400 units at
    7·1 answer
  • Federated investors has a , with each mutual fund being managed by several portfolio managers who together take responsibility f
    13·1 answer
  • What is the primary purpose of insurance
    7·2 answers
  • Green Valley Exporters USA has $100,000 of before tax foreign income. The host country has a corporate income tax rate of 25% an
    7·1 answer
  • Margaret puts money into her savings account each month. in this example money is functioning as a
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!