Collective Goods basically mean that everything that exists (at least where it is practiced) is shared with everyone! From food to blankets and other household necessities. Whilst Private goods are goods YOU privately own and can be shared, but at your choice otherwise its just yours.
When the opportunity cost associated with increasing the production of one good or service in terms of another is constant at every level of production, then the production possibility frontier is Linear.
Opportunity costs address the potential advantages that an individual, financial backer, or business passes up while picking one option over another. Since opportunity costs are inconspicuous by definition, they can be barely noticeable.
Opportunity Costs= Absolute Income - Monetary Benefit.
The Production Possibility Frontier (PPF) is a bend on a chart that shows the potential amounts that can be delivered for two items if both rely on a similarly limited asset for their production. The PPF is additionally alluded to as the creation probability bend.
To learn more about Production Possibility Frontier is linear.
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Answer:
Leverage its brand equity to promote growth is answer.
Explanation:
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<h2>Gross Profit = 500,000 (Sales -COGS)</h2><h2>Net Profit = Gross Profit - Indirect exp- Dep)</h2><h2> = 500,000-55,000 -250,000</h2><h3> = 195,000</h3><h2>Tax = 66,300</h2><h2>Net Profit After TAX = NPBT- Tax</h2><h2> = 195,000- 66,300 = 128,700</h2>
Explanation:
Sale -Cost of goods Sold = Gross Profit
1,250,000-750,000 = 500,000
Net profit = Gross Profit - Indirect Exp - Depreciation)
= 500,000-55,000 -250,000
= 195,000
Tax = 195,000 x 34/100
= 66,300
NPAT = NPBT - tax
195,000-66,300 = 128,700
Answer: equilibrium price = 4
Quantity of avocado = 110units
Explanation:
Q = 104 - 40p + 20tp + 0.01Y........eq1
Q = 58 + 15p - 20pf...........eq2
pt = $0.80,
Y = $4,000,
pf = $0.40
From eqn1 substituting of into it
Q = 104 - 40p + 20($0.80) + 0.01($4000)
= 104 - 40p + 16 + 40
= 160/40p
p = 4 equilibrium price
From eqn2. Substituting p and pf into it.
Q = 58 + 15p - 20pf
Q = 58 + 15(4) - 20($0.40).
Q = 58 + 60 - 8
Q = 110 quantity of avocado
