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3 years ago

If an economy is inefficient, its actual output combination will lie ______ the production possibilities curve.

1 answer:

4 0

Inside.

If the economy is inefficient, its actual output combination will lie inside the production possibilities curve. This curve represents the opportunities for production in a given economy with the most efficiency being gained by producing along the curve. Any points within or inside the curve are considered inefficient, whereas points outside the curve are considered unavailable or inaccessible without changes in technology or innovation.

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Suppose that a country's annual growth rates over a 10-year period are as follows: year growth rate 1 5% 2 3 3 4 4 – 1 5 – 2 6 2

tino4ka555 [31]

A.) The country's trend rate of growth over this period was 4.2% = (2+3+3+4+4% 1+5% 2+6 +2+7+3+8+4+9+6+10+3/18)

b.)6-9 due to positive and increase.

3 0

3 years ago

Four hospitals are located within a city at coordinate points P1=(10,20), P2=(14,12), P3=(8,4) and P4=(32,6). The hospitals are

Illusion [34]

Answer:

The coordinates of the location of the Blood bank = ( 20.7826, 9.73913 )

Explanation:

Coordinates of the Four(4) hospitals are

P1=(10,20), P2=(14,12), P3=(8,4) and P4=(32,6)

Number of deliveries to be made each year for each hospital respectively:

450, 1200, 300, and 1500

conditions :

(i) if travel is rectilinear in the city

(ii) if travel is measured in Euclidean distance.

Determine where the Blood bank is to located to minimize weighted distance travelled each year

find the values of the below variables :

Total load of the Hospitals( ∑load ) = 450 + 1200 + 300 + 1500 = 3450

Lx = ∑x * load = ∑ 10*450 + -------- + 32*1500 = 71700

Ly = ∑y * load = ∑ 20*450 +--------- + 6*1500 = 33600

The coordinates of the Blood bank = [ ( Lx / ( ∑load ) ) , Ly / ( ∑load ) ]

=[ (71700/3450) , (33600/3450) ]

Hence The coordinates of the location of the Blood bank = ( 20.7826, 9.73913 )

6 0

3 years ago

Suppose Chef Kitchen manufactures cast iron skillets. One model is a 10-inch skillet that sells for $ 28 . Chef Kitchen project

Lerok [7]

Answer:

production schedule for July = 815 10-inch skillets

Explanation:

price of 10-inch skillet $28

projected sales 625 units

costs:

direct materials $6
direct labor $3
manufacturing overhead $5
sales and administrative expenses $1,000

beginning inventory 60 units

ending inventory 40% of August sales

production during July = (projected sales - beginning inventory) + (40% x projected sales August) = (625 units - 60 units) + (40% x 625 units) = 565 units + 250 units = 815 10-inch skillets

6 0

2 years ago

A survey of entrepreneurs who started companies last year shows that while virtually all did substantial preparatory research an

Vitek1552 [10]

Answer: From the given comprehension if the following statement is true, will most seriously weakens the argument: Among the entrepreneurs surveyed, those who did not produce formal business plans sought and received a much larger proportion of their capital from investors with whom they had a long-standing business relationship.

Here it states that, entrepreneurs who were capable of raising funds without thought/design were able to make the capital because of their relation with investors.

Therefore, the correct option here is (c).

6 0

3 years ago

Mandesa, Inc., has current liabilities of $8 million, current ratio of 2 times, inventory turnover of 12 times, average collecti

Brut [27]

Answer:

The answer is: Cash and marketable securities $5,406,393

Explanation:

We have:

+ Current ratio = Current asset / Current liabilities = 2; with Current liabilities is given at $8 million => Current asset is $16 million;

+ Current asset = Inventory + Account Receivable + Cash and marketable securities <=> Cash and marketable securities = $16 million - Inventory - Account Receivable ( as current asset is calculated above at $16 million)

+ Average collection period = Account Receivable/ Credit Sales x 365 <=> Account Receivable = Average collection period/365 x Credit sales = 30/365 x 64 million = $5,260,274

+ Inventory turnover = Sales / Inventory <=> Inventory = Sales/ Inventory turnover = 64 million / 12 = $5,333,333

=> Cash and marketable securities = 16,000,000 - 5,333,333 - 5,260,274 = $5,406,393.

5 0

3 years ago