All categories

1 year ago

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

1 answer:

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
brainly.com/question/17996535
#SPJ4

You might be interested in

How does risk management change when an organization ‘goes global?’

Airida [17]

There a 6 key risk factors when an organization goes global, these are:

1. Size market potential granularly based on local economics. The most common mistake is overestimating a particular market’s potential, based on your domestic context. Foreign markets typically have less information available and more variability in sales estimates, which is a setup for failure. Do more local homework and validate cautiously.

2. Assume large and frequent economic swings. The inability to accurately predict or prepare for sudden changes in the local economic environment creates risks for the markets you know, but can wreak havoc for global initiatives. These economies are often ill-prepared to deal with economic shocks. Double the risk may mean half the opportunity.

3. Currency exchange fluctuations can wipe out gains. The potential for large currency swings may change the way you need to manage transactions, specify contract terms, and project futures. Smart entrepreneurs have learned to lock in exchange rates, collect on transactions immediately, and pay indigenous organizations to hedge the risks.

4. Factor in basic infrastructure quality and services. The cost of doing business in any market is heavily dependent on local transportation, energy, technology, and financial services. These components can totally change your customer value proposition, or the business model that you have honed. Re-validate your business model in every market.

5. Evaluate the political climate and operational processes. Uber and Airbnb are current examples of entrepreneurial efforts that are struggling with government regulations in new markets. It pays to research markets proactively, and engage local experts to negotiate a path early, rather than reactively dealing with fines and tarnished reputations.

6. Honor cultural sensitivities and assumptions. Cultural traditions often dictate business roles, procedures, and customer expectations. The local culture affects not only the decisions an entrepreneur must make, but also how a market views the company. The best strategy is to engage people in the local market to manage your business there.

6 0

3 years ago

If the cost of the beginning work in process inventory is $56,000, direct materials cost is $346,000, direct labor cost is $212,

babunello [35]

Answer:

d. $878,000

Explanation:

The computation of the cost of goods manufactured is shown below:

= Direct materials cost + Direct labor cost + Manufacturing overhead cost + beginning work-in- process inventory - ending work-in-process inventory

= $346,000 + $212,000 + $315,000 + $56,000 - $51,000

= $878,000

We simply deduct the ending balance of work in process inventory and the rest items are added to find out the cost of goods manufactured

4 0

3 years ago

Cash dividends of $45,000 were declared during the year. Cash dividends payable were $10,000 at the beginning of the year and $1

gogolik [260]

Answer:

The amount of cash for the payment of dividends during the year is B. $40,000

Explanation:

To Determine the amount of cash for the payment of dividends during the year, we open a Dividends Payable T - Account and find the amount via missing figure approach as follows:

Debits :

Cash (Balancing figure) $40,000

Ending of year Dividends Payable $15,000

Totals $55,000

Credits :

Beginning of year Dividends Payable $10,000

Dividends declared during the year $45,000

Totals $55,000

4 0

3 years ago

Jagadison Co. leases computer equipment to customers under sales-type leases. The equipment has no residual value at the end of

Olegator [25]

Answer:

$360,308

Explanation:

The computation of the total amount of interest revenue is shown below:

But before that we have to determine the annuity payment per year which is

Annuity payment per year is

= Fair value ÷ PVIFA for 10% for 5 years

= $991,692 ÷ 5.868

= $169,000

Now Total payments for eight years is

= $169,000 × 8

= $1,352,000

So, the amount of interest revenue is

= Total payments made for eight years - Fair value

= $1,352,000 - $991,692

= $360,308

8 0

3 years ago

The University of Puhonicks hires several professors that specialize in accounting, management, and economics and clusters each

ANTONII [103]

Answer:

b) Function

Explanation:

The Dean placed professors in departments based on the subjects they teach or based on their functions in the school. So all professors that function as economics professors are placed in the same department. This is an example of grouping employees by functions.

In geographic grouping, professors would be grouped based on the different regions they teach.

In product grouping, employees are placed in groups based on the product they produce.

I hope my answer helps you

3 0

3 years ago