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PilotLPTM [1.2K]
3 years ago
6

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

Business
1 answer:
Elodia [21]3 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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Critics of the North American Free Trade Agreement argued that opening our borders to free trade with Mexico would result in U.S
myrzilka [38]

Answer:

The criticism is true to a certain degree, and unjustified to another degree.

Explanation:

It is true in the sense that the U.S. has indeed lost a lot of manufacturing to Mexico, simply because Mexico has far lower labor costs, and U.S. manufacturers have decided to take advantage of that by taking their plants to Mexican states.

It is also true that Mexico has been running a trade surplus with the United States in recent years, mainly because of the large manufacturing sector that Mexico has been developing.

On the other hand, the criticism is unjustified because neither a trade deficit nor the moving of manufacturing to Mexico mean that the United States as a whole is in worst condition than before NAFTA. In fact, most economists agree that free trade is a good thing for the economy as a whole, and that most people benefit from the lower costs and specialization that trade brings about.

The problem lies then, in the people who lose their jobs: formerly unionized manufacturing workers from the Rust Belt, for example. These people need to be helped with government assitance, both in terms of welfare, and training, so that they can find new jobs and make ends meet in the meanwhile.

5 0
3 years ago
Before ending the meeting, John Noble informed Howie that he would be sending out an e-mail to all employees asking for suggesti
Brut [27]

Answer:

a) employees can be motivated by open communication.

Explanation:

The answer is that Howie does not realize that employees can be motivated by open communication because by asking employees suggestions as to how jobs could be restructured to improve productivity, John Noble is trying to have a direct communication allowing employees to express their thoughts which will make them feel as part of the company and valued which will result in them feeling motivated to perform well in their job.

The other options are not right because employees won't be giving their opinions thinking on equity and ways to simplify job tasks are not the only suggestions that employees can provide.

4 0
3 years ago
Judith Thompson, the manager of the student center cafeteria, has added pizza to the menu. The pizza is ordered frozen from a lo
erica [24]

Answer:

9 pizzas

Explanation:

Given that:

A pizza is ordered frozen from a local pizza establishment and baked at the cafeteria.

Judith anticipates a weekly demand of 10 pizzas.

Opening weeks in a year = 45 weeks

Opening days in a week = 5 days

Daily demand =  10/5 = 2

Ordering cost = $15

Holding cost = $0.40 /pizza/year

Lead time = 4 days

Safety stock = 1 pizza

The objective is to determine the optimal reorder point.

The optimal reorder point = (daily demand × lead time) + safety stock

The optimal reorder point =( 2 × 4 ) + 1

The optimal reorder point = 8 + 1

The optimal reorder point = 9 pizzas

6 0
3 years ago
Suppose that Tony Hsieh noticed that Zappos’s customers were no longer willing to pay full retail prices on shoes.
umka2103 [35]

Answer:

b. Share the customer research with employees, showing them why change is needed.

c. Tell employees that they have the power to change any work process, so long as their changes make the overall organizations more efficient.

d. Tell stories about the importance of efficiency and the things he has done to more efficient at work himself.

Explanation:

The Tony Hsieh has noticed that the customers of Zappos's are not willing to pay full retail price. In order to make company's culture more efficient the Tony should introduce a culture of telling stories about the efficiency at work and its benefits. The customer research should be shared with employees to analyze them that efficiency is needed. Make overall efforts in the organization to improve efficiency of work process.

4 0
3 years ago
The owner of an Italian restaurant has just been notified by her landlord that the monthly lease on the building in which the re
almond37 [142]

Answer:

b. No - the increase in lease expense is a fixed cost.

Explanation:

If the owner of Italian restaurant increases the prices of its product it will result in low customers as the restaurant is already at the competitive price among its other competitors. If the restaurant raises prices the customers will move to the competitors which are offering same quality product at reduced price. The rent is increased by 20% which is considered as a fixed cost because it does not affect the per unit production and is not associated with the numbers of customers.

6 0
3 years ago
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