Answer:
The shift from PPF1 to PPF2 implies all of the following EXCEPT:
a. the maximum amount of dining sets that can be produced did not change.
Explanation:
A production possibility frontier (PPF) indicates the maximum possible output combinations of two goods or services an economy can produce with the efficient and effective utilization of economic resources. The production possibility frontier illustrates the concepts of opportunity cost, trade-offs and also shows the effects of growth in any given economy. A shift from PPF1 to PPF2 implies an increase.
Answer: 31155.5
Explanation:
The following can be deduced from the question:
Money won = $1,000,000
Installments made yearly = $50,000
Interest rate = 5%
The yearly deposits made by Svetalana will be: = 500000-x
The future Value of the yearly deposits made by Svetalana will be:
= (50000-x) × (1/(1.05) + (1/(1.05)^2 .....(1/(1+0.05)^20))
= (500000-x) × 33.066
We should recall that the interest from the question is equated to x. This will be:
33.066 × (50000-x) × 0.05 =x
1.6533(50000 - x) = x
82665 - 1.6533x = x
2.6533x = 82665
x = 82665/2.6533
x = 31155.5
Answer:
D
Explanation:
Focus strategy is said to be pursued when a company recognizes a relatively narrow market segment or a particular buyer group where competition is weakest and then tailored its production and product offerings towards this niche in order to serve the particular target or niche extremely well with the aim of earning a huge return on investment.
Focus strategy is pursued when a company recognizes that the differences in need of one market segment to another and then produce or deliver goods and services that serve the needs and requirements of this particular competitive segment
Answer:
In deciding how many hours to work, Beulah will make a choice that maximizes her utility; that is, she will choose according to her preferences for leisure time and income.
Explanation:
People obtain utility from products they purchase and they also obtain utility from leisure time (leisure time is the time not spent at work). Generally, for people with low wages react to a higher wage by supplying a greater quantity of labor but for higher wages people who can earn so much that respond to a still-higher wage by working fewer hours.
