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4 years ago

The production possibilities curve:

Business

1 answer:

Vinil7 [7]4 years ago

7 0

Answer:

The correct answer is option C.

Explanation:

The production possibility frontier shows the maximum possible bundles or combinations of two goods that can be produced using the given resources completely.

All the points on and below the frontier are attainable. The points above the frontier are unattainable as they need more resources.

The points below the frontier though attainable are inefficient, this is because all the resources are not being used.

So we can say that the production possibility curve is a frontier between a combination of two goods that are attainable and that are not attainable.

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Exercise 8-9 Colaw Stores accepts both its own and national credit cards. During the year, the following selected summary transa

Mandarinka [93]

Answer:

The Journal entries with their narration is given below:-

Explanation:

The Journal entry is shown below:-

1. Account receivables Dr, $22,200

To Sales $22,200

(Being sales is recorded)

2. Cash Dr, $6,048

Service charge expense Dr, $252

($6,300 × 4%)

To Sales $6,300

(Being credit card sales is recorded)

3. Cash Dr, $11,600

To accounts receivable $11,600

(Being cash is recorded)

4. Accounts receivable Dr, $364

($22,000 - $11,600) × 3.5%

To Interest revenue $364

(Being finance charges is recorded)

5 0

3 years ago

If the supply of aisle seats equals the supply of middle seats on an airplane, and the demand for aisle seats is _____________ t

GuDViN [60]

Answer:

greater; higher than

Explanation:

Here is the complete question

If the supply of aisle seats equals the supply of middle seats on an airplane, and the demand for aisle seats is _____________ than the demand for middle seats, then the equilibrium price of aisle seats will be ______________ the equilibrium price of middle seats

.a. greater; higher than

b. less; higher than

c. greater; lower than

d. less; the same as

Equilibrium price is the price at which quantity demand equal quantity supplied. Above equilibrium price there is a surplus - quantity supplied exceeds quantity demanded.

Below equilibrium price there is a shortage - quantity demanded exceeds quantity supplied

If the demand for aisle seats exceeds the demand for middle seats, it means that equilibrium price for aisle seat would exceed equilibrium price

3 0

3 years ago

During 20X0, Pard Corp. sold goods to its 80%-owned subsidiary, Seed Corp. At December 31, 20X0, one-half of these good were inc

wolverine [178]

Answer:

The amount to be repot is $1,450,000

Explanation:

in this question, we are asked to calculate the amount of selling expenses to be recorded in the company’s consolidated income statement for that year.

To answer this question, we employ a mathematical approach;

Mathematically;

Selling expenses = Total expenses - Contra Expenses

from the question, we identify that total expenses is (1,100,000 + 400,000) = $1,500,000

Contra expenses = $50,000

The selling expenses is thus; 1,500,000 - 50,000 = $1,450,000

4 0

3 years ago

Which type of briefing is delivered to individual resources.

ycow [4]

Field-level briefings
your welcome

6 0

3 years ago

________ means that service quality depends on the quality of buyer-seller interaction during the service encounter.

Anika [276]

Answer: interactive marketing

Explanation:

Interactive marketing is also referred to as event-driven marketing or trigger based marketing and it simply has to do with using an effective communication which is two-ways to enable the consumers connect directly with a company.

Interactive marketing means service quality depends on the quality of buyer-seller interaction during the service encounter.

3 0

3 years ago