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Leona [35]
3 years ago
12

The slope of the production possibility frontier is determined by the _____ of expanding production of one good, measured by how

much of the other good would be lost.
Business
1 answer:
Ket [755]3 years ago
8 0

Answer:

The correct answer is the opportunity cost of producing a good.

Explanation:

The production possibility curve or frontier shows all the different bundles of two goods that can be produced using the given resources.

The opportunity cost of a good is the amount of other good sacrificed to produce this one.

The slope of production possibility curve represents the opportunity cost of producing a good.

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According to the law of comparative advantage, both individuals and nations will be able to produce a larger joint output if eac
zzz [600]

Answer:

the low opportunity cost producer. 

Explanation:

A person or nation has comparative advantage in production if it produces at a lower opportunity cost when compared with other countries or people.

For example, let's assume country x produces either 10 Apples or 5 oranges in 1 hour while country y produces either 20 Apples or 2 oranges in one hour. The opportunity cost for country x of producing apples and oranges are 0.5 and 2 respectively. While for country y, the oopportunity cost of producing apples and oranges are 0.1 and 10 respectively.

Country y has an opportunity cost and comparative advantage in the production of Apples while country x has a comparative advantage in production of oranges.

I hope my answer helps you

5 0
3 years ago
Bill heard, as part of the _____ curriculum in his school, that certain races were not as good as others, and that coolness was
Alik [6]
<span>Bill heard, as part of the corridor curriculum in his school, that certain races were not as good as others, and that coolness was the key to everything. corridor curriculum means what students teach one another outside of the class room,usually negative.</span>
7 0
3 years ago
By law, a company has to ________.
saw5 [17]

Answer:

I'm going to use common sense and say A.

Explanation:

4 0
2 years ago
Read 2 more answers
One advantage of proprietary software versus off-the-shelf software is that _____.
Serjik [45]

(C) the software provides a company a competitive advantage by solving problems in a unique manner

Proprietary software is a special software designed for a specific application and owned by the organization, firm or individual that uses it. Proprietary software can give an organization leverage over competitors, by solving problems in a unique manner, however, off-the-shelf software is mass produced software used by several other organizations, thereby giving other organizations simple and identical problem-solving technique.


6 0
2 years ago
Read 2 more answers
A person who is on property with the consent of the landowner and who brings an economic benefit to the landowner, such as a tic
timama [110]

Answer:

A business invitee

Explanation:

A business invitee is any person or group of people who enters another person's commercial property to do business.  A business invitee's purpose is to engage in a commercial transaction with property or landowner. The landowner is liable to any injuries or harm suffered by a business invitee due to dangerous conditions on the property.

Commercial property or premises refers to land or building designated for business transactions such as a retail store or a restaurant. In law, customers are business invitees. The assumption is that customers enter commercial premises to do business with the business owner.

7 0
2 years ago
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