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3 years ago

What is a production possibility curve

1 answer:

8 0

Hey I think A production–possibility frontier or production possibility curve is a curve which shows various combinations of set of two goods which can be produced with the given resources and technology where the given resources are fully and efficiently utilised per unit time

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Interpretation of intelligence test scores is based on the assumption that the scores are normally distributed within a populati

Finger [1]

Answer: According to complete question "more than two-thirds of children will score between 85 and 115".

Explanation:

The solution to this issue is it, even though the Wechsler Ratios of Intellect scores are "standardized" to an average of 100 and a margin of error of 15 based on the standardized system used only to start scoring IQ.

So between 85 and 115 will be 68 that for each cent of the results.

Therefore the result stand between 85-115.

3 0

3 years ago

Accounting Services expects its accountants to work a total of 27 comma 000 direct labor hours per year. The company's estimate

pentagon [3]

Answer:

$10 per hour

Explanation:

Data provided in the question

Direct labor hours per year = 27,000

Total indirect cost = $270,000

So, by considering the above formation, the indirect cost allocation rate is

= Total indirect cost ÷ Direct labor hours per year

= $270,000 ÷ 27,000

= $10 per hour

By dividing the total indirect cost by the direct labor hours we can get the indirect cost allocation rate

5 0

4 years ago

Investors from Germany, the United States, and the United Kingdom frequently invest in each other’s currencies based on prevaili

Nimfa-mama [501]

Answer:

The correct answer is (a)

Explanation:

Increase in prevailing interest rate can lead to an increase in the demand of a currency. Likewise, if the British interest rate increases, the other countries will likely to buy pounds or fewer dollar-dominated currencies or securities. So, the German investors are likely to buy fewer dollar-dominated securities and the euro is likely to depreciate relative to the dollar.

4 0

3 years ago

Assume that the international Fisher effect (IFE) holds between the U.S. and the U.K. The U.S. inflation is expected to be 5%, w

Lesechka [4]

Answer:C. Real interest rates expected by British investors are 2 percentage points higher than the real interest rate expected by US investor.

Explanation:

The real interest rate is the market interest rate less the inflation rate.

The inflation rate always reduce the purchasing power of money which is the real measure of the purchasing power of money and not the money face value.

6 0

3 years ago

Many mining and mineral extraction processes tend to exhibit increasing returns to scale. Suppose copper mines have increasing r

IrinaK [193]

Answer: D) Output decreases by more than 25 percent

Explanation:

When a firm is said to be experiencing Increasing Returns to Scale, it means that for every additional unit of a factor of production, the firm experiences a higher increase in production than the additional unit. For example, if a Firm's output increases by 1.5 every time they hire an extra worker, the firm is said to be going through Increasing Returns to Scale.

With that same logic, if factors of production were reduced, the company undergoes a reduction in output that is bigger than the reduction in the factor of production.

For this reason, option D is correct in saying that Output decreases by more than 25 percent.

6 0

3 years ago