1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Yanka [14]
3 years ago
8

The slope of a country's production possibility frontier with cloth measured on the horizontal and food measured on the vertical

axis in the specific factors model is equal to ________ and it ________ as more cloth is produced. -MPLC/MPLF; becomes steeper -MPLF/MPLC; becomes steeper -MPLC/MPLF; is constant -MPLF/MPLC; becomes flatter -MPLF/MPLC; is constant
Business
2 answers:
Mice21 [21]3 years ago
8 0

Answer:

-MPLC/MPLF; becomes steeper

Explanation:

A production–possibility frontier (PPF) refers to the curve which locus of different combinations of quantity of two goods that a country can produce from its given level of resources and technology, or factors of production.

The assumption of the specific factor model is that in perfectly competitive market, two goods can be produced by a country using two factors of production, for example capital and labor, and it is assumed that one of the two factors is specific to a particular industry.

The slope of the PPF under is the ratio of the horizontal axis to the vertical axis with a minus, and the PPF becomes steeper under a specific factor model as more of the good on the the horizontal is produced using its specific factor.

Therefore, from the question, the specific factors model is equal to<u> </u><u>-MPLC/MPLF</u> and it <u>becomes steeper</u> as more cloth is produced.

user100 [1]3 years ago
5 0

Answer:

MPLF/MPLC; becomes steeper

Explanation:

The slope of a country's production possibility frontier with cloth measured on the horizontal and food measured on the vertical axis in the specific factors model is equal to MPLF/MPLC and it becomes steeper as more cloth is produced.

Where

- MPLC is Marginal Product of Labor for Cloth.

- MPLF is Marginal Product of Labor for Food.

You might be interested in
A dometic firm may decide to contract for the production of its goods by established foreign manufacturer. Such pricate-label ma
Monica [59]

Answer:

Contract manufacturing.

Explanation:

A domestic firm may decide to contract for the production of its goods by established foreign manufacturer. Such private-label manufacturing by a foreign company is called contract manufacturing.

Contract manufacturing involves the process of outsourcing a company's manufacturing business, such that a foreign company engages in the production of a private-label product which are then primarily marketed or distributed by a domestic company under its own brand name.

This ultimately implies that, it is a manufacturing process which involves the production of goods by a company under the brand name of another company.

8 0
3 years ago
Production and sales estimates for April for Crane Co. are as follows: Estimated inventory (units), April 1 19,000 Desired inven
melisa1 [442]

Answer:

a. 11,000 units

Explanation:

Particulars                                                               Amount

Expected Sales (units)                                            12,000 [3000+4750+4250]

Add: Ending inventory                                          18,000

Less; Beginning inventory                                      <u>19,000</u>

Number of units expected to be manufactured <u>11,000 </u>

5 0
3 years ago
Stadium owners have often been accused by business owners of doing what to the prices for sponsorship opportunities
slega [8]
The answer is A. inflation
8 0
3 years ago
Sophie is willing to sell her used economics textbook for $30. Ruby is willing to pay $60 for the used economics textbook. Sophi
erastovalidia [21]

Answer:

The correct answer is option A.

Explanation:

Sophie is willing to sell a textbook for $30, while Ruby is willing to purchase it for $60. Both negotiate and agree on a price of $45.

The gain for Sophie will be the difference between the minimum price she was expecting and the price she gets for the textbook.

Gain for Sophie

= $45 - $30

= $15

The gain for Ruby will be the difference between the maximum price she was willing to pay and the price she actually paid.

Gain for Ruby

= $60 - $45

= $15

So, both of them have a gain of $15 from trade.

8 0
3 years ago
All Product concepts go through all six phases of the product development process.
lana [24]

The Answer is:

false

Hope I helped

4 0
3 years ago
Read 2 more answers
Other questions:
  • How do the choices we make both producers and consumers help us with scarcity?
    7·2 answers
  • Preston Products provides the following data for the year: Actual production and sales for the year 195 units Budgeted productio
    10·2 answers
  • Recently, the owner of a trader joe's franchise decided to change how she compensated her top manager. last year, she paid him a
    9·1 answer
  • Accountants at Idle Time Gaming, Inc. work with state-of-the-art systems that create financial statements every day, but the int
    12·1 answer
  • In January, a customer buys 100 shares of ABC stock at 450. Eleven months later in December, the stock is trading at $60. The cu
    6·1 answer
  • Mogul Company ships merchandise to Ski Outfit in a consignment arrangement. The arrangement specifies that Ski Outfit will attem
    14·1 answer
  • Jacques has been asked to calculate the cost of goods manufactured for Sully Enterprises for fiscal year 2015. He has accumulate
    6·1 answer
  • Operating data for Bramble Corp. are presented below.
    12·1 answer
  • What is the main determinant of profit
    6·1 answer
  • School Days Centers specialize in helping students with difficulties. With locations around the country, each center consists of
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!