When the production possibilities curve is a straight line, opportunity costs are the same no matter how far you move along the curve.
<h3>What is production possibilities curve?</h3>
The production possibilities curve (PPC) is a graph that shows the different combinations of output that can be produced with given available resources and technology.
The PPC curve usually have a concave shape not a straight line because there is always a cost involved in making a choice.
For example:- when the quantity of one good produced is higher and the quantity of the other is low, it is known as the opportunity cost.
Learn more about the PPC here:-
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Answer:
The answer is Exchange rate policy.
Explanation:
Exchange rate policy is crucial to the international economy. Economic analysts recognize this, and recognize that currency policy is highly political, this can also be said that judging from macroeconomic policy from the standpoint of a representative agent, however politics is not made by representative agents but rather by representative of powerful groups in society, of voters, or of political parties.
Answer:
C. tell them you would be glad to talk informally with your former co-workers to find out their attitudes about unionization and why this has come up, but that speaking about reprisals and benefits would be an unfair labor practice
Answer:
<u>Night Lights $ per unit 2.13</u>
<u>Desk Lamps $ per unit 8.50</u>
Explanation:
Determine total number of budgeted direct labour hours for the year
total number of budgeted direct labor hours for the year is calculated
= night lamp labor hours + desk lamp labor hours
= ( 60000 * 1/2 ) + ( 80000 * 2 )
= 30000 + 160000
= 190000
calculated the single plant wide factory overhead rate
factory overhead rate = total factory overhead / total number of budgeted unit
= 807500 / 190000
= 4.25 per labour hour
calculate factory overhead cost per each unit
night lamp = 4.25 * 1/2
= 2.13 per unit
desk lamp = 4.25 * 2
= 8.50 per unit
True this is to avoid safety hazards
