The correct answer is that firms with market power will produce less and charge a higher price than what would be socially optimal.
Answer:
Business Analyst
Explanation:
A business analyst is trained in finance and related disciplines. Due to their educational background and work experiences, a business analyst will be the best suited to perform the business-oriented tasks. Analyzing budgets, making reports, internal company procedures, and finances revolve around finance and commerce disciplines.
A business is trained to handle such issues. They understand the process of budgeting making, internal procedures, and the jargon used. A business analyst can inter-plate and breakdown that information so everybody can understand.
Answer:
An increase in the quality of education would increase human capital. This would lead to an outward shift of the production possibilities curve
b. If the number of unemployed workers increases, there would be no change in the labour force. the production possibilities curve would not be affected
c. The new technology is technological advancement. Technological advancement leads to an outward shift of production possibilities curve
d. The earthquake would destroy capital stock and resources needed in the production process. As a result, production possibilities curve would shfit inward
Explanation:
The Production possibilities frontiers is a curve that shows the various combination of two goods a company can produce when all its resources are fully utilised.
As more quantities of a product is produced, the fewer resources it has available to produce another good. As a result, less of the other product would be produced. So, the opportunity cost of producing a good increase as more and more of that good is produced.
