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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

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Sofia worries that if something happens to her husband and he dies, she will lose everything—their home, their cars, etc. Which
pochemuha

Answer:

D. life insurance company

Explanation:

Life insurance protects against loss of income as a result of the death of the insured. It is an agreement where the insurance company accepts to pay the beneficiaries the stated sum of money when the insured dies.

Sofia should consult a life insurance company and find out the available plans that can provide relief should her husband die. Usually, insurance companies have policy plans that provide coverage against different types of risks. They also offer medical and life insurance.

8 0
3 years ago
Havermill Co. establishes a $410 petty cash fund on September 1. On September 30, the fund is replenished. The accumulated recei
Amanda [17]

Answer and Explanation:

The journal entry for establishing the fund as on September 1 is shown below:

On September 1

Petty cash Dr $410

     To cash $410

(Being establishment of fund is recorded)

Here petty cash is debited as it increased the asset and credited the cash as it decreased the asset

Therefore the same is to be considered

4 0
3 years ago
The success of the Tom Dennis Ford dealership has been built largely on return customers and word-of-mouth recommendations. The
givi [52]

Answer: Build long-term relationships with the customers

Explanation:

  According to the given scenario, the high pressure selling process is one of the ineffective approach as the dealership wants to build a long term relationship with the consumers or user.

 The long term relationship with the customers is basically creating the growth, loyalty and also the revenue of an organization as it helps in increase the productivity of the management by maintaining the good relationship with the customers.

  The following ways helps in building the long term relationship with the customers are as follows:

  • By good communication skills
  • Enhance the consumer loyalty
  • Make connection with the customer
  • Always take feedback
  • Explain about your product's benefits

 

4 0
3 years ago
Suppose that national income in a country is $300 billion, taxes paid by households is $130 billion, household consumption is $1
zhenek [66]

Answer:

$180 billion

Explanation:

The consumption is an act of spending the money from an income. The marginal propensity to consume is the proportion increase in the amount that a consumer is spending. The savings then decline if the consumption increases. In the given scenario the consumption will not raise even if there is an increase in national income and taxes are kept fixed at previous level. This is because marginal propensity to consume is same.

5 0
3 years ago
"The one-year forward rate of the British pound is $1.55, while the current spot rate is $1.60. Based on the forward rate, what
KengaRu [80]

Answer:

-3.125%

Explanation:

The percentage change in the British pound is determined as the difference between the one-year forward rate ($1.55) and the current spot rate ($1.60), divided by the current spot rate, and then multiplied by 100%:

P = \frac{\$1.55-\$1.60}{\$1.60}*100\%\\ P=-3.125\%

Over the next year, the British pound will change by -3.125%.

5 0
3 years ago
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