The statement “Economists often use production possibilities graphs to determine profit” is false
Answer: Option 2
<u>Explanation:
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A production possibility graph is used to determine and calculate how much goods can be produced with some given resources and technology with an assumption that all the resources invested in this are efficiently and effectively used.
Sometimes the graph also shows the attainable profits after implementing a profit generation strategy. Sales and costs are represented using two graph lines. When they intersect a break-even is achieved.
Sometimes this can also be used to see how profit can be generated when fixed costs and variable costs are changed. Economists often used profit graph to determine profit. It shows the possible results which can be achieved after the implementation of a profit generating plan.
A mandate is an authority that is granted by the constituency and is representative and thus the concept of the mandates has a legal mandate though the winning the democratic elections and especially with those with a large body or a margin of victory.
And this is expressed as newly elected state government and elected official an implicit mandate ad these African states lime those of the middle east and the north Africa were administered by the Europeans for the self-government and the future independence.
Solstice is when the sun reaches its highest or lowest point in the sky at noon, and equinox is when the sun crosses the celestial equator when day and night are equal length
extreme. put extreme there instead of revolutionary and it still makes sense. it doesn't change the context or the meaning. this can work for any definition type problem by the way
