Answer: A technological advancement will result in an outward shift of the production possibility curve.
Explanation:
A production possibility curve (PPC) is a curve that shows the various combinations of the amounts of two goods that can be produced using the given resources and technology. It is a graphical representation that shows all possible output options for two products which can be produced utilizing all factors of production by efficiently utilizing the given resources and time.
A production possibility curve shows several economic concepts like economies of scale, allocative efficiency, productive efficiency, opportunity cost and scarcity.
An outward shift of the production possibility curve means there's an improvement in the economy as more goods are produced with the same inputs. A technology advancement will lead to an outward shift of the production possibility curve. This means that more goods will be produced by using the same amount of inputs.
Answer: Private accountant whose work is mainly with managerial accounting
Explanation: Quinn could be said to be be a private accountant, private accountants refers to accounting specialists who offers specialized accounting services to an organization or client. In the context above, Quinnn offers specialized accounting services exclusively to CCDL enterprises who employed him. By defining cost measures and ensuring that various department stay within their budget limits and do not exceed Budgeted finances in production, Quinn's services could be said to be mainly in the aspect of managerial accounting.
Answer:
The correct answer is the option A: the price of canned beans.
Explanation:
To begin with, the term known as <em>"ceteris paribus"</em> in the field of economics refers to the situation where in a formula or function every variable stays the same and that means that they remain constant and just one variable is altereted, which in this case is the most important and influential variable in the equation, therefore the price is the one that does change because of the huge impact and influece it has in the function of the demand in this case. The other variables, like the income of the consumers, and the cost of the production of the canned and the price of other product does influece in the equation but not as much as the price and that is why when in "ceteris paribus" those variable are constants.
The distinguishing feature of many firms that pursuing an <u>international</u> strategy is that they are selling a product that serves universal needs, but they do not face significant competitors.
An international strategy is a business strategy which is created by a company to do its business in international markets. Thus, this strategy serves universal needs as they do not face significant competitors.
An international strategy requires analyzing the international market, defining goals, studying resources, understanding market dynamics & develop offerings. Firms pursuing an international strategy are not confronted with pressures to reduce their cost structure.
Hence, the answer is given and explained above.
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Answer:
Social responsibility of business implies that corporate managers must promote the interests of all stakeholders not merely of shareholders who happen to be the so called owners of the business enterprises.
Explanation:
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