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muminat
1 year ago
6

For an entire economy, the production possibilities frontier is going to be bowed out because?

Business
1 answer:
irga5000 [103]1 year ago
4 0

Because not all resources are equally well suited to producing both consumer and capital products, the production possibilities frontier would probably be reached.

What is Economy?
A territory with an economy is one where goods and services are produced, sold, traded, and used. It is generally accepted that it is a social domain that emphasises the actions, conversations, and outward expressions related to the production, use, and management of finite resources. The processes of an economy are greatly influenced by factors such as a person's culture, values, education, technical development, history, social organisation, political structure, legal system, and availability of natural resources. These elements set the guidelines and conditions that govern how an economy functions in addition to giving background and substance. To put it another way, the economic sphere is a social area made up of interconnected human interactions and behaviours that are dependent on one another.

To learn more about Economy
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After initially self-publishing his debut novel, The Martian, author Andy Weir continued to revise and improve later versions of
Anna35 [415]

Answer:

The correct answer is letter "A": Guide product development with customer feedback.

Explanation:

Companies make market researches before starting the manufacturing of a product. However, even if a study has been conducted to have a clear idea of what consumers want, the initial product offered may not meet customers' needs for different reasons.

In such a case, <em>companies should take advantage of the feedback clients can provide about the product so those suggestions can be considered into the production process which will result in an output that matches better consumers' expectations.</em>

8 0
3 years ago
Each share of common stock provides the investor with a ________ right that offers the investor the first right to purchase any
Marina CMI [18]
Had to look for the options and the answer the best fits the blank provided is PREEMPTIVE. When we say preemptive right, this is the right granted to certain shareholders in order for them to buy additional shares in the company. Hope this answers your question.
4 0
3 years ago
Read 2 more answers
Bass Boss Manufacturing Company manufactures two types of bass boats. Bass Boss provides the following data, pertinent to alloca
faltersainse [42]

Answer:

the allocation rate is $3 per machine hour

Explanation:

<em>Step 1 Find the to total Machine hours</em>

Total Machine Hours

3.0×15,000   =   45,000

5.0×20,000  = 100,000

Total              = 145,000

<em>Step 2 Determine the Overhead allocation rate</em>

Overhead allocation rate = Budgeted Overheads / Total Machine Hours

                                          = $435,000/145,000

                                          =$3 per machine hour

8 0
3 years ago
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The phase of a business cycle after a recession in which consumer confidence is shaken and consumers reduce spending is called
Strike441 [17]

Answer:

Depression

Explanation:

A business cycle is defined as the period that occurs between a boom and a contraction in an economy. A boom is rapid economic growth while a contraction is a period of slow economic growth.

There are 6 stages of business cycle: expansion, peak, recession, depression, trough, and recovery.

A recession is the early stage of a contraction in which demand for products start to decline and prices fall.

After a recession is depression. In this stage economic growth declines further, unemployment increases, consumer confidence is shaken and consumers reduce spending

5 0
3 years ago
Which of the following is an example of structural control? a.Monitoring the administrative ratio to make sure staff expenses do
nirvana33 [79]

Answer: (A) Monitoring the administrative ratio to make sure staff expenses do not become excessive

Explanation:

 The structural control is one of the concept that helps in monitoring the main building block in an organizational structure and managing all the functions such as design of an organization, performance, goals and the requirement within an organizational structure.

According to the question, the structural control is one of the process of monitoring the main administrative ratio so that the staff expenses are not becoming more excessive and serving only on the basis of important purpose and requirement.  

 Therefore, Option (A) is correct answer.    

6 0
3 years ago
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