The cause of a shift of a production possibilities frontier of an economy ab to cd is unemployment.
If an economy keeps growing its capital stock/range of employees/generation/herbal resources, then over the years its manufacturing possibilities curve will: shift to the proper .e shift of the frontier from A to B was maximum in all likelihood due to unemployment
. The curve bows outwards due to the law of increasing opportunity fee, which states that the quantity of an amazing which must be sacrificed for every additional unit of any other suitable is extra than become sacrificed for the preceding unit.
production possibilities curve. a graph or financial model that shows the most combinations of products and offerings, any two categories of goods, that can be produced from a set quantity of assets.
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Answer:
Blue Spruce report as its December 31 inventory is $285,000
Explanation:
Correct inventory
= 229,500 + goods purchased FOB shipping point 30,000 + goods sold FOB destination 25,500
= 229,500 + 30,000 + 25,500
= 285,000
Answer:
<em><u>Classifying Cash Flows:</u></em>
Retirement of bonds payable ⇒ <em><u>Financing activity</u></em>
Purchase of inventory for cash ⇒ <u><em>Operating activity</em></u>
Cash sales ⇒ <u><em>Operating activity</em></u>
Repurchase of common stock ⇒ <em><u>Financing activity</u></em>
Payment of accounts payable ⇒ <u><em>Operating activity</em></u>
Disposal of equipment ⇒ <em><u>Investing activity</u></em>
Answer:
A. Movement on the PPC
B. Rightwards / Outwards shift of PPC
C. Less Concavity of PPC
Explanation:
Production Possibility Curve is combination of two goods that an economy can produce, given resources & technology (efficient utilisation).
- It is a downward sloping curve as more of one good can be produced by sacrifising other good, same resources & technology.
- It is concave curve because of increasing marginal opportunity cost, i.e increasing amounts of a good to be sacrifised to gain additional amount of other good, as resources are not equally efficient in production of both goods.
- Points on PPC reflect full utilisation, points under PPC reflect under utilisation, points above PPC are unattainable.
a) A disagreement between persons favouring more domestic welfare spending or national welfare spending : Is just an issue of reallocation of same resources, technology. So, PPC doesn't change & there can only be movement on the PPC (more of one good, less of other good)
b) An increase in population : leads to increase in human resource & hence the PPC shifts outwards / rightwards as the production potential of economy rise with more human resource.
c) Technological change that make resources less specialised : would reduce resources' efficiency gap in production of two goods. So, Marginal Opportunity cost reduces & hence the PPC becomes less concave.
Answer:
It is better to cleaned and shipped to the firm's outlet center at a cost of $23,000 to be sold at $80,000
Explanation: In alternative A) the firm loss is $80,000 ($125,000-$45,000)
In alternative E) all $125,000 is lost
In alternative B, C and D) the loss is $68,000 ($125,000-$80,000+$23,000)
Relevant costs are those evitable, that are cause of a manager decision related to an specific business decision.
The only cost that can be avoided in these example is the cost of $23,000 so the goods can be cleaned and shipped to the firm's outlet center
