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Tema [17]
4 years ago
14

Consider the following production possibilities frontier model for an economy that produces only two goods: corn and smartphones

. 0 20 40 60 80 100 100 80 60 40 20 0 SMARTPHONES (Millions) CORN (Millions of bushels) PPF Which of the following is true regarding this economic model? The fact that there are only two goods produced in this theoretical economy is a simplifying assumption that still allows economists to demonstrate key economic concepts. This PPF is not an economic model. The fact that there are only two goods produced in this theoretical economy, when, in reality, economies produce many more types of goods, means this model is generally useless. In order to construct such a model, an economist would need real life data regarding countries that only produce two goods.
Business
1 answer:
olga55 [171]4 years ago
4 0

Answer:

The fact that there are only two goods produced in this theoretical economy is a simplifying assumption that still allows economists to demonstrate key economic concepts.

Explanation:

PPF model the production possibility frontier states that two types of goods can be produced, at any given time of production, and for certain resources provided.

This clearly states the thought and simplifies the understanding of economy, based on two products to be produced from same restricted resources.

Though, the results of this curve are applicable to real world goods, where the nature and number of goods both are complex.

Therefore, the correct statement is:

As stated in answer.

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A relatively new type of very fast direct connection available to homes and businesses in areas where there is fiber-optic cabli
kotykmax [81]

A relatively new type of very fast direct connection available to homes and businesses in areas where there is fiber-optic cabling available all the way to the building is generically called fibr optic broadband.

Fibr optic broadband, from the name of its material uses fiber-optic cables guarantees faster and more stable and reliable connection compared to the DSL connection. Fibr connection can also cover far distances up to 100 kilometers compare to DSL connection which uses copper wire cable that has the limit of only 100 meters.

<span>Fibr optic broadband also assures more bandwidth and no lags when it comes to large data applications.</span>

4 0
4 years ago
John was driving his car in a careless way, failing to drive as a reasonably prudent person would under the driving conditions.
Ilia_Sergeevich [38]

Answer:

1. <em>If this law of contributory negligence applies to the state, then Ramona will receive no compensation for the damages she sustained. </em>

<em> </em>2<em>. If this law of comparative negligence applies to this state, then Ramona will get 100% - 20% = 80% of the damages incurred in the accident, from John which will be $80,000</em>

<em />

Explanation:

In contributory negligence, the defense completely bars plaintiffs from any recovery if they contribute to their own injury through their own negligence.

<em>If this law of contributory negligence applies to the state, then Ramona will receive no compensation for the damages she sustained. </em>

<em> </em>

In comparative negligence, the plaintiff's damages is award by the percentage of fault that the fact-finder assigns to the plaintiff for his or her own injury i.e the plaintiff's damage compensation is reduced by percentage of his/her percentage of fault.

<em>If this law of comparative negligence applies to this state, then Ramona will get 100% - 20% = 80% of the damages incurred in the accident, from John</em>

this is 80% of $100,00 which is equal to <em>$80,000</em>

8 0
3 years ago
Your brother, who is prone to bearing substantial risk, suggests that you buy a security for $10,000 that promises to pay you $1
astraxan [27]

Answer:

16.59%

Explanation:

First we look at the formula which to determine the future value of the security and then work back to determine the annual return in terms of percentage

Future Value = Present Value x (1 +i)∧n

where i = the annual rate of return

n= number of years or period

We then plug the given figures into the equation as follows

we already know Present value to be $10,000 and the future value to be $100,000 and the number of years to be 15

Therefore, the implied annual return or yield on the investment is

100,000 = 10,000 x (1+i)∧15

(1+i)∧15 = 100,000/10,000 = 10

1 + i = (10∧(1/15))=1.165914

i= 1.165914-1

= 0.1659

= 16.59%

5 0
3 years ago
How are dividends and dividends payable reported in the financial statements prepared at december 31
Agata [3.3K]

Answer:

1. Dividends are deducted from the Statement of Retained Earnings as dividend expenses.

2. Dividends payable are reported in the Balance Sheet as current liabilities.

Explanation:

Dividends are distributions to the shareholders from earnings (income) after all expenses and taxes have been deducted from the revenue for the period.  Dividends payable are unpaid dividends, which are reported as current liabilities until they are paid for in the next accounting period.

4 0
3 years ago
Wireless Solutions reports operating expenses of $855,000. Operating expenses include both rent expense and salaries expense. Pr
Elena L [17]

Answer:

$858,500

Explanation:

Cash paid for operating expenses = Operating expenses + Prepaid rent increase - Salaries payable increase

= $855,000 +$17,000 - $13,500

= $858,500

5 0
3 years ago
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