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PilotLPTM [1.2K]
2 years ago
6

A point on the production possibilities curve represents a combination of goods that is

Business
1 answer:
Elodia [21]2 years ago
6 0

Answer:

The correct answer is:  feasible and efficient.

Explanation:

The production possibility curve or frontier shows the different bundles or combinations of two goods that be produced using the given resources and state of technology.  

All the points on the production possibilities curve represent the combinations that are feasible and efficient.

The points below the curve show the points that are feasible but inefficient.

The points above the curve show the points that cannot be attained using the given level or resources and technology.

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Each of the following statements describes how the political and legal environment encourages productivity EXCEPT: A. Well-defin
natita [175]

Answer:

C. Price changes in markets provide suppliers incentives to supply goods to markets.

Explanation:

Price changes in the market has two perspective,

  • increase in price, will increase the productivity for retailers,
  • decrease in price, will decrease the productivity for retailers.

With increase the retailers expect to earn more, and with decrease the retailers expect to earn less.

This is a normal market condition and scenario, this does not link to any kind of political or legal environment, although the change in price might be due to political or legal policies, but the increase or decrease in productivity, is not related to any political or legal influence.

6 0
2 years ago
Which of the following is a tertiary ratio that drives profitability?
Ilia_Sergeevich [38]

The SG&A Expense/Sales is the tertiary ratio that drives profitability.

<h3>What is SG&A Expense/Sales?</h3>

This refers to the everyday operating expenses of running a business that are not included in the production of goods or delivery of services.

As the SG&A includes rent, salaries, advertising, marketing expenses etc., it is the tertiary ratio that drives profitability.

Therefore, E is correct.

Read more about SG&A

brainly.com/question/26752234

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4 0
1 year ago
Why is there scarcity even in an affluent country like the united states?.
Law Incorporation [45]

Answer:

THERE ARE SCARCITY EVEN IN AN AFFLUENT COUNTRY LIKE THE UNITED STATES BECAUSE WANTS ARE LIMITED BUT NEEDS ARE UNLIMITED. SOME PEOPLE ARE POOR WHILE OTHERS ARE WEALTHY

7 0
2 years ago
If jack was in a 25% tax bracket and received a $1,000 tax deduction, by how much would his taxes be reduced?
Lubov Fominskaja [6]

<span>The answer is that the taxes would be reduced by the following procedure;</span>

(Tax deduction) * (Tax rate) = Your Answer

Applying this formula;

<span>$1000 x 25% </span>  = (?)

<span>$1000 x 25/100 = $<span>250  

</span></span> <span>So the answer is that his taxes would be reduced by “$250”.</span> <span><span> 

Hope that is helpful :)</span></span>
7 0
2 years ago
In 1924, austin cooper made an interesting foray into the use of pure geometric shape and ____________ to solve a communications
Goryan [66]
I think it would be lengths
8 0
3 years ago
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