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3 years ago

What does the production possibility frontier show?

Business

2 answers:

Brrunno [24]3 years ago

8 0

Answer:

Show the maximum possible outcomes.

Explanation:

The production possibility curve depicts the maximum possible output that is a combination of two or more goods and services of the economy and are achieved when all resources are fully and efficiently used. Such as the availability of the technology and resources. The PPF works on the concept of scarcity, choice, and trade-offs.

inna [77]3 years ago

3 0

It shows the max possible output combinations of two goods or services an economy can get when all the resources are efficiently and fully used.

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Shareholders in Frontier Communications were not pleased to learn that the company's market share had changed from 40 to 21 perc

Alja [10]

Answer:

$47.5\%$

Explanation:

Given: The company's market share had changed from 40 to 21 percentage points.

To find: percent change in market share

Solution:

Change in percentage of company's market share $=40-21=19$

Percent change in market share = (Change in percentage of company's market share ÷ 40) × 100

$=\frac{19}{40}(100)=47.5\%$

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3 years ago

Suppose the price elasticity of demand is relatively elastic and the price elasticity of supply is relatively inelastic in a spe

Rzqust [24]

Answer:

c. producers

Explanation:

Since it is given in the question that the price elasticity of demand is relatively elastic but the price elastic of supply is relatively inelastic but if the excise tax is imposed on the goods so the greater burden of the tax would be on the producers as the supply is inelastic so the producers could not changed much but if we compare to the consumers, the consumer could change the demand more than before due to the elastic in demand.

So, the correct option is c.

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3 years ago

At the end of the prior year, Doubtful Inc. had a deferred tax asset of $18,500,000 attributable to its only timing difference,

iren [92.7K]

Answer:

Journal entries to record Doubtful's income tax expense for the current year.

No Account titles and Explanation Debit'$ Credit'$

1 Income tax expense 8,945,000

Deferred tax asset 3,800,000

[(42,000,000*35%) - 18,500,000]

Income taxes payable 5,145,000

[(14,700,000*35%)]

(To record tax expenses)

2 Income tax expense 1,270,000

Valuation allowance - deferred tax asset 1,270,000

(3,730,000 - 5,000,000

(To record valuation allowance)

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3 years ago

If all of the logical conditions are true, the and function returns the logical value _____. select one:

anastassius [24]

False is the answer to this question.

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3 years ago

Blossom provides environmentally friendly lawn services for homeowners. Its operating costs are as follows.

Elina [12.6K]

Answer:

Break-even point = 110 lawns & Break-even sales point = $8,800

Explanation:

Total fixed costs = Depreciation + Advertising + Insurance

Total fixed costs = 1,400 + 200 + 3,680

Total fixed costs = $5280/month

Total variable cost per unit = Weed + Direct labor + Fuel

Total variable cost per unit = 13 + 16 + 3

Total variable cost per unit = $32/lawn

Contribution margin ratio = (Sales per unit - variable cost per unit) / sales per unit

Contribution margin ratio = (80 - 32) / 80

Contribution margin ratio = 0.6

Contribution margin ratio = 60%

Break-even sales = Fixed costs / contribution margin ratio

Break-even sales = $5280 / 60%

Break-even sales = $8800

Break-even sales units = Break-even sales / sales per unit

Break-even sales units = 8800 / 80

Break-even sales units = 110 lawns

Break-even point = 110 lawns & Break-even sales point = $8,800

8 0

3 years ago