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3 years ago

When the opportunity cost of producing a good rises as you produce more of it, you experience:_______.

Business

1 answer:

KiRa [710]3 years ago

6 0

Answer:

e. increasing relative costs.

Explanation:

The law of increasing relative costs is a principle in economics which states that, the opportunity cost of producing a good would always increase as more of the product is being produced.

Hence, when the opportunity cost of producing a good rises as you produce more of it, you experience increasing relative costs because the factors of production (capital, labor and land) are now at a maximum level of output.

Furthermore, the opportunity cost, also known as the alternative forgone, can be defined as the value, gains or benefits given up by an individual or organization in order to choose or acquire something deemed significant at the time.

<em>Simply stated, it is the cost of not enjoying the benefits, gains or value associated with the alternative forgone or best alternative choice available.</em>

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Optimus Company manufactures a variety of tools and industrial equipment. The company operates through three divisions. Each div

PIT_PIT [208]

Answer:

OPTIMUS COMPANY

Home Division Responsibility Report For the Year Ended December 31, 2020

The report is attached in form of a variance report with comments. Where the variance is not indicated, it means that it was neither favorable nor unfavorable.

Explanation:

A responsibility report is usually presented by a division that is an investment center. An investment center has responsibility for return on investments.

The investment center takes charge of the cost, revenue, profit, and investments of the division. It is expected to produce returns on its investment that will be favorable to the shareholders of the company. It is directly responsible for profitability of the division vis-a-vis the capital investments made in the center. It is unlike other divisions like cost center, revenue center, and profit center, which narrowly report their performances in accordance with their responsibilities.

This is why it does not only report on the cost, but also the revenue, the profit and the returns on investment achieved during a period. An investment center is, therefore, the largest division of an entity.

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3 0

3 years ago

A major reason for studying Economics is to gain an understanding of how a nation can best choose to use its ___________ and how

maria [59]

Answer:

Scarce resources.

Explanation:

A major reason for studying Economics is to gain an understanding of how a nation can best choose to use its scarce resources and how we must make rational decisions in order to move toward a higher standard of living for all. Some of these scarce resources include money, time, land, labor, capital and entrepreneurship. If these resources are not well managed, it usually results in an economic downturn, recession and inflation which are typically a negative factor for good standards of living for the people living in the particular country.

Hence, a proper allocation of scarce resources would improve the standards of living in a country.

3 0

3 years ago

If the exchange rate for buying Japanese Yen is 12 Yens per Dollar, how many

GuDViN [60]

Answer:

2,400 Yens

Explanation:

exchange rate for buying Japanese Yen is 12 Yens per Dollar

1 dollar : 12 Yens

how many Yens do you need to buy 200 Dollars for?

Let

x = number of Yens needed

200 dollars : x Yens

Equate the ratios to find x

1 dollar : 12 Yens = 200 dollars : x Yens

1/12 = 200/x

Cross product

1 * x = 12 * 200

x = 2,400

x = number of Yens needed = 2,400 Yens

7 0

3 years ago

a country has national saving of $50 billion, government expenditures of $30 billion, domestic investment of $10 billion, and ne

zubka84 [21]

The supply of loanable funds is $50 billion. Thus, option c is correct.

The supply of loanable funds considers only national savings( public savings + private savings), thus the supply of funds shall be only $50 billion. The national savings is the rate that measures the amount of income that households, business, and the government saves. It looks at the difference between a nation's income and consumption.

The national savings rate is the GDP that is saved rather than spent in the economy. It is an indicator of a nation's health as it shows the trends in savings.

Hence, option c is correct, that is $50 billion.

Learn more about national savings here brainly.com/question/15109837

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8 0

1 year ago

Carlos Company had beginning inventory of $80,000, ending inventory of $110,000, cost of goods sold of $285,000, and sales reven

DerKrebs [107]

121.67 days

Days in inventory is a measure of the average number of days that inventory is held.

365 days / ($285,000 / (80000+110,000)/2))

365 / (285,000 / {190,000/2})

365/ (285000/95000)

365/3 = 121.67 (rounded)

8 0

4 years ago