The production possibility curve shows the different combination for output that can be produced from the resources and technology.
<h3>What is a PPC?</h3>
It should be noted that a PPC is simply a graph that's used to show the different combination for output that can be produced from the resources and technology.
In this case, the points show how much of the goods van be produced. Point E means underutilization.
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The financial analysis component of a business plan is to describe the viability, stability and profitability of a business, sub-business or project.
<span>It is an aspect of the overall business finance function which includes the examining historical data to acquire information about the current and future financial health of a company, business or project.</span>
Answer:
Policies consistent with the goal of increasing productivity and growth in developing countries are:
1. Protecting property rights and enforcing contracts
2. Providing tax breaks and patents for firms that pursue research and development in health and sciences
Explanation:
To increase productivity and growth in developing countries, it is important that developing countries enhance the mechanisms for protecting property rights and enforcing contracts. These are the bases for attracting more foreign direct investments. The court system should be a system where justice is obtained and a system which can enforce the rights of individuals to own property. Without this basic ingredient, foreign direct investments will be hard to attract.
Answer:
When Manufacturing of a Product involves several processes.
Explanation:
When several processes are involved in manufacturing a product, costs need to be accumulated in these processing departments. Thus, A process cost accounting system is most appropriate