Answer:
C
Explanation:
The Production possibilities frontiers is a curve that shows the various combination of two goods a company can produce when all its resources are fully utilised.
As more quantities of a product is produced, the fewer resources it has available to produce another good. As a result, less of the other product would be produced. So, the opportunity cost of producing a good increase as more and more of that good is produced.
If the PPF is a straight line, it means there is a constant opportunity cost no matter the point one is on the curve
Answer:
D. The marginal cost is at its minimum
Explanation:
Marginal Cost is the additional cost of producing an additional unit of output. Thus if the marginal product is at its maximum, the marginal cost will be at its minimum
Answer:
SELECTIVE PERCEPTION
Explanation:
Selective perception refers to the habit of not seeing and remembering stimuli more rapidly which causes emotional distress and challenges our previous views. For instance, a professor might have a favorite student, since in-group partiality biases them. The teacher avoids the bad performance the pupil has made.
In other phrases, a selective view refers to the process through which individuals portray in media images everything they want while ignoring dissenting opinions. Depending on the individual frame of reference, it is a broad concept to describe the actions that all people display that appear to "see stuff"
Answer:
$1,780,755
Explanation:
first unit produced by lambda took 5,000 hours to produce and required $250,000 worth of material, equipment usage, and supplies
the second unit took 3,500 hours and used $200,000 worth of materials, equipment usage, and supplies
learning rate = time needed to produce second unit / time needed to produce first unit = 3,500 hours / 5,000 hours = 70%
materials and equipment usage rate = $200,000 / $250,000 = 80%
using the attached table of cumulative values, we can determine the cumulative improvement factors needed to solve this question:
Lambda's accumulated cost for producing 10 more computers
- work hours = 3,500 x 4.931 (70% and 10 units) x $30 per hour = $517,755
- materials and equipment = $200,000 x 6.315 (80% and 10 units) = $1,263,000
- total = $517,755 + $1,263,000 = $1,780,755
