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Vikentia [17]
2 years ago
7

Increasing opportunity cost along a bowed-out production possibilities frontier occurs because:__________

Business
1 answer:
AlladinOne [14]2 years ago
3 0

Increasing opportunity cost along a bowed-out production possibilities frontier occurs because <u>of the scarcity of factors of production</u>.

The law of increasing opportunity cost holds that as an economic system moves alongside its manufacturing opportunities curve inside the path of producing extra of a particularly appropriate, the possibility fee of additional devices of that truth will increase.

The opportunity cost is time spent analyzing and that money to spend on something else. A farmer chooses to plant wheat; the opportunity fee is planting an extraordinary crop or a trade use of the sources (land and farm gadget). A commuter takes the train to work as opposed to riding.

Opportunity cost is an economic time period that refers back to the cost of what you have to give up that allows you to pick something else. In a nutshell, it is the cost of the street not taken.

Learn more about opportunity cost here: brainly.com/question/1549591

#SPJ4

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3 years ago
The imposition of a binding price floor on a market causes quantity demanded to be
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3 years ago
When we are doing the double entry for the closing inventory, why do we credit the inventory? I understand why we debit the clos
anastassius [24]

Answer:

Debiting in this case means to add to the inventory. Therefore, crediting means that inventory was used up when closing inventory.

Explanation:

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3 0
2 years ago
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Luden [163]

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So: 4000 + 15000+ 22000 + 14000 + 10400 = <u>$65400.</u>

8 0
3 years ago
Gary earned a gross pay of $1,047.30 last week. Using the fact that Social Security tax is 6.2% of gross pay, determine the amou
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