Answer:
C) planning the main points to express key ideas
Explanation:
Before every engagement it is expedient to plan main points and key ideas, with a focus on achieving clarity.
Answer:
$20
Explanation:
Given that,
Total fixed cost = $4,200
Number of workers employs = 30
Wages = $160 per worker
Average product of labor = 2
Marginal product of last labor hired = 8
Marginal cost refers to the additional cost that has occurred to produce the additional unit of a commodity.
Here, from the given information, we can calculate the marginal cost of the last unit produced by the last worker is as follows:
= Wages per worker ÷ Marginal product of last labor hired
= $160 ÷ 8
= $20
Answer:
(C)
Explanation:
Premiums is something given as a reward, prize, or incentive.
In this case, the college entertainers offered an incentive or reward (premiums) to the people who came to see them perform.
The shirts would encourage the people who came to see them perform to be present some other time.
For example, a grocery store may give free sweets to children who accompany their parents to the store.
Answer:
The PPF graph is attached.
The Production possibilities frontier PPF is a curve that illustrates the various amounts of two products that can be produced if both products rely on the same, finite resources for their existence. (Bloomenthal, 2020)
In the graph (attached), the y-axis has capital goods and the x-axis has consumption goods. A is a level where the country/ organisation can produce goods but resources are not maximised. B is also a production level, but it is unattainable because the resources are not enough
.
a. In the current period, we shall say the goods produced are on point C; that is C1 of consumption goods and C2 of capital goods are produced. More of the capital goods are produced than the consumption goods. If this is profitable, the organisation can continue producing at this level. if is not profitable, or there is a hindrance in growth (e.g. capital goods decrease in demand) due to this production level, the organisation can move to level D. Production level D has D1 consumption goods and D2 capital goods. There are more consumption goods being produced than capital goods.
b. Production level E is has E1 consumption goods and E2 capital goods. There are more consumption goods being produced than capital goods. The growth level depends on the profitability of each level. if level D was not profitable enough in the current period, the economic status will force the organisation/country to move to production level E.
All these production levels affect economic growth. If none of these production levels are economically wise, the country/organisation may end up having to use all resources for production of one good and trade with another country/organisation to have the other, in the next cycle.
<span>A nominal interest rate means very low interest rates therefore we can use money for long duration by paying very low interest rate. We can hold this money for land duration. We also invest this money in other investment plan that gives better returns. This nominal interest rate is very helpful for running any business.</span>