Answer:
B. shifts rightward, and the point at which the PPF touches the good-X axis has to be something more than 40 units of good X and the point at which the PPF touches the good-Y axis has to be something more than 60 units
Explanation:
PPF is the graphical representation of two goods combinations which an economy can produce given resources & technology.
It is downward sloping because of two goods inverse relation given same resources & technology.
The points at which PPF touches both axis represents maximum amount of that axis good which can be produced by given resources & technology , Points on PPF reflect full efficient utilisation of resources. Points inside PPF reflect underutilisation of resources. Points outside PPF reflect unattainable combinations outside economy's productive capacity, given resources & technology unless either of them grow.
Resource increase usable for production of both goods: shifts the PPF outwards/ rightwards & the maximum potential production of both goods increases. PPF touching axis points increases from pervious at each axis - more than 40 at good X axis, more than 60 at Y axis.
Had to look for the options and here is my answer:
Because of the existence of diminishing returns to capital, increasing the physical capital amount by two that is available for one worker to utilize will enlarge the outcome by less than a factor of two.
Answer:
Effect in income= $5,400
Explanation:
Giving the following information:
It costs Waterway Company $26 per unit ($18 variable and $8 fixed) to produce its product.
A foreign wholesaler offers to purchase 5400 units at $21 each.
Waterway would incur special shipping costs of $2 per unit if the order were accepted.
Waterway has sufficient unused capacity to produce the 5400 units.
Because it is a special offer and there is unused capacity, we will not have into account the fixed costs.
Unitary cost= $18 + $2= $20
Effect in income= 5,400*(21 - 20)= $5,400
Answer:
The correct answer is letter "C": risk-free rate.
Explanation:
The United States government issues a variety of debt obligations to finance its operations. Those with the shortest maturity are called Treasury Bills or T-Bills. One of the unique features of T-Bills is that the government does not make regular interest payments to the holder. Instead, the securities are sold at a price below its face value resulting in a profit at the maturity date.
T-Bills are seen as low-risk investments compared to other securities being <em>the closest to risk-free return</em> in the market.
The organization that works with companies on recalls of unsafe products is known as The Consumer Product Safety Commission (CPSC)
<h3>What is Consumer Protection?</h3>
This refers to the agency or body that is charged with the quality of goods and/or services that consumers buy and use.
Hence, we can see that the Consumer Product Safety Commission (CPSC) in America is the agency that is charged with helping with the safe recall of defective or unsafe products to protect the consumers.
Read more about consumer protection here:
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