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Fynjy0 [20]
3 years ago
8

In the specific factors model, a country's production possibility frontier is ________ because of ________." a straight line; di

minishing marginal returns a curved line; diminishing marginal returns a straight line; constant marginal returns a curved line; constant marginal returns a curved line; a limited supply of labor
Business
1 answer:
Olegator [25]3 years ago
7 0

Answer:

a curved line; diminishing marginal returns

Explanation:

The specific factor model is one that assumes that a country produces two goods using two factors of production in a perfectly competitive market. That is labour and and capital.

The production possibility frontier is defined as the maximum combination of two products that can be produced by a country. The PPF tends to be curved because of the law of diminishing returns. As more of one factor of production is added it will result in reduced output of the product over time.

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If a family spends its entire budget in a given time frame, the family can afford either 15 movie nights or 8 restaurant meals.
enot [183]

Answer:

The correct answer is 0.533 restaurant meals.

Explanation:

The two goods consumed by the family mentioned here are movie nights and restaurant meals.

The family can afford either 15 movie nights or 8 restaurant meals out of their total budget.

The opportunity cost of 15 movie nights = 8 restaurant meals

The opportunity cost of 1 movie night

= \frac{8}{15}

= 0.533 restaurant meals

3 0
4 years ago
Marginal utility:
Monica [59]

Answer:

a. is the change in total satisfaction derived from consuming one more unit of a good.

Explanation:

Marginal utility: It defines as changes in total satisfaction of consumers with one additional unit changes in the consumption of goods. It derives satisfaction level of consumer with the units of goods consumed, similarly usage of product changes with the number of the product we have in stock or purchased.

Formula; Marginal utility= \frac{Changes\ in\ total\ utility}{Changes\ in\ number\ of\ units\ consumed}

There are several types of marginal utility:

  • Zero marginal utility.
  • Positive marginal utility.
  • Negative marginal utility.
  • Increasing marginal utility.
  • Diminishing marginal utility.
7 0
3 years ago
What criteria cannot be used to create a custom segment?.
EastWind [94]

Answer:

The segment builder lets you create the component filters of a segment based on Analytics dimensions and metrics.You choose a dimension or metric a comparative operator and you enter a value to set the condition for the filter.

Explanation:

hope this helps if not please let me now

3 0
2 years ago
Gilbert Company purchased $40,000 of goods in July and expects to purchase $60,000 of goods in August. Gilbert typically pays fo
liraira [26]

Answer:

Gilbert Company's total expected cash disbursements for purchases in the month of August are $45,000.

Explanation:

In August the 75% of July purchases payments and 25 % of August purchases Payments will bedisbursed.

Cash Disbursement of August

August Payment = $15,000

July Payment = $30,000

Total Disbursement = $15,000 + $30,000

Total Disbursement = $45,000

Working:

July payment = $40,000 x 75% = $30,000

August Payment = $60,000 x 25% = $15,000

5 0
4 years ago
To reduce waste of raw materials, the government of Sperland is considering requiring household appliances to be broken down for
Alekssandra [29.7K]

Answer:

The correct answer is A.

Explanation:

According to the previous argument, imposing the rate at the time of recovery would reduce waste more effectively, as consumers tend to keep old appliances for longer if they face a fee for disposal. So, what Sperland would be causing is for consumers to look for different alternatives to avoid incurring such expenses.

7 0
3 years ago
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