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4 years ago

A non-linear production possibilities model assumes that

Business

2 answers:

Murljashka [212]4 years ago

6 0

Answer: See explanation

Explanation: A non-linear production possibilities model assumes that with rational resource allocation decisions, the opportunity cost of producing more will rise. That is, some resources are specialized to be more productive in one use than in another. It is represented with a negatively sloped line because production of different types of products will compete for limited resources. It also illustrates the variations in the amounts that can be produced of two products if both products depend upon the same finite resource for their manufacture.

mixer [17]4 years ago

3 0

A non-linear production is also known as a bending producing model. A non-linear production possibilities model estimates what amount of something can be produced using the economy's current resources and technology to make the predictions.

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Suppose on Friday night you have a choice to go either to a Katy Perry concert or a Lady Gaga concert. You won a free ticket to

VMariaS [17]

Answer: $100

Explanation:

From the information, on a Friday night, you have the choice to either go to a Katy Perry concert or a Lady Gaga concert. You won a free ticket to see Katy Perry but you would pay as much as $180 to see Lady Gaga perform, even thought the tickets to her show cost $100.

This illustrates that the person must be willing to pay at least $100 to see Katy Perry. Since the person wa.willing to pay $180 for Lady Gaga even when the tickets were$100, then you should be able to pay at least $100 to see Perry

4 0

3 years ago

Fast-food restaurants like McDonald's are replacing cashiers with touch-screen ordering kiosks. Currently the MPL for an additio

docker41 [41]

Answer:

a. Whataburger is not using the optimal cost-minimizaing mix of cashier and kiosks.

b. Whataburger should hire more cashier and rent fewer kiosks in order to improve its mix of inputs and minimize the cost

Explanation:

a. According to the given data we have the following:

Let "C" is a cashier.

"K" is a kiosk

MPC = 48 (Marginal Product of Cashier)

MPK = 32 (Marginal Product of Kiosk)

PC = $15 (cashier can be hired for a wage of $15)

PK = $12 (Kiosk rents for $12)

At optimal cost minimization point, (MPC / MPK) = (PC / PK)

(MPC / PC) = (MPK / PK)

(MPC / PC) = (48 / 15) = 3.2

(MPK / PK) = (32 / 12) = 2.67

Since the (MPC / PC) and (MPK / PK) is not equal. It implies Whataburger is not using the optimal cost-minimizaing mix of cashier and kiosks.

b. We have to use the following:

(MPC / PC) > (MPK / PK)

i.e., 3.2 > 2.67

It means Whataburger hire more cashier and rent fewer kiosks in order to improve its mix of inputs and minimize the cost.

4 0

3 years ago

A government's comprehensive annual financial report (CAFR) is divided into three main sections. The statements, schedules, tabl

Savatey [412]

Answer:

Step wise detailed solution is given in the attached diagram

3 0

3 years ago

A situation in which the design or operation of a control does not allow management or employees, in the normal course of perfor

Helen [10]

Answer: (A) Control deficiency

Explanation:

The control deficiency is the type of situation in which the operation and the designing of the control are not allowing the management and an employee performing the various type of assigned function.

The control deficiency process occur when the person are involving with the authority in the transaction cycle.

This situation is usually occur in an larger type of an organization. The deficiency may be on the financial report that control internally.

Therefore, Option (A) is correct.

3 0

4 years ago

How can you attract whole sale seller

Kay [80]

Answer:

10 ways to increase your wholesale sales

1. Offer specials that bring retailers better-than-wholesale prices.

2.Provide outstanding customer service.

3.Make wholesale ordering, delivery, and billing as seamless as possible.

4 Streamline your operations.

5.Make order recommendations.

6.Create compelling, eye-catching campaigns.

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6 0

3 years ago