Answer:
The correct answer is option D.
Explanation:
Production possibility frontier shows the different amounts of two goods that can be produced using fixed resources.
An outward shift in the production possibility frontier imply that production of output is increasing.
Production may increase because of increase in inputs.
Here, the shift in production is happening because of increase in labor force.
1) agree 2)agree 3)disagree 4) disagree 5) agree 6) agree 7) agree 8) agree
Increase because the software will become more in demand from the more economists.
Answer:
The options are wrong,find below correct multiple choices:
$605,000
$825,000
$655,000
$150,000
The correct option is $605,000
Explanation:
Explicit costs are costs incurred that require actual cash settlement not costs of alternative forgone as in the case of implicit costs.
There is only example of explicit cost for Harvey Business in the first year of operation,which is the cost of production,packaging,marketing,employee wages and benefits and rent on a building.
In other words,the explicit costs incurred in year one =$55*11,000 units
=$605,000
The correct option is the of those ones provided above.
Answer:
1. High-risk products.
2. Technology-push products.
3. Quick-build products.
4. Process-intensive products.
5. Platform products.
Explanation:
A. High-risk product: Entail unusually large uncertainties about the technology or market. The development process takes steps to address those uncertainties.
B. Technology-push product: A firm with a new proprietary technology seeks out a market where that technology can be applied.
C. Quick-build products: Uses a repeated prototyping cycle. Results from one cycle are used to modify priorities in the ensuing cycle.
D. Process-intensive product: The production process has an impact on the product properties. Therefore, product design and process design cannot be separated.
E. Platform products: Products are designed and built around a pre-existing technological subsystem.
