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Wewaii [24]
4 years ago
12

Explain how the production possibilities curve can be used to illustrate each of the following: a. wastefulness b. what happens

when the economy grows c. when an economy is at productive efficiency d. unattainable production
Business
1 answer:
Lemur [1.5K]4 years ago
5 0

Answer:

A. wastefulness - production inside PPC ; B. Economy growth - PPC shift outwards/rightwards ; C. Economy at Productive Efficiency - production on PPC ; D. Unattainable Production- Outside PPC

Explanation:

PPC is graphical representation of production combinations that an economy can produce, given resources & technology.

PPC is based on assumption : That resources are best efficiently utilised. So, all product combinations ON PPC reflect 'Economy is at Productive Efficiency'

All production points INSIDE PPC reflect inefficient utilisation of resources i.e 'Wastage'

Points OUTSIDE PPC are 'Unattainable Product Combinations'- as they are beyond economy's best optimum production, given resources & technology.

'Economic growth' is increase in resources &/or technology which increases economy's production potential and PPC curve SHIFTS rightwards or outwards.  

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Exercise 13-09 On December 31, 2020, Sage Company has $7,044,000 of short-term debt in the form of notes payable to Gotham State
sasho [114]

Answer:

Explanation:

The preparation of the partial balance sheet for Sage at December 31, 2020 is presented below

                                                 NASH COMPANY

                                              Partial Balance Sheet

                                            At December 31, 2020

Current liabilities

Notes payable                                                    $3,176,480

Long term debt

Note payable refinanced in the year 2021        $3,867,520

The computation is shown below:

For note payable i.e shown in the current liabilities is

= $7,044,000 - $6,043,000 × 64%

= $3,176,480

And, the refinanced note payable is

= $6,043,000 × 64%

=  $3,867,520

6 0
3 years ago
The central bank of the country Iberia recently announced a reduction in the interest rate by 150 basis points. Following this a
dmitriy555 [2]

Answer: (D.) The Iberian economy is going through a period of deflation.

Explanation:

Real interest rate can be denoted using the following formula. i.e.,

Real interest rate = Nominal Interest rate - Inflation.

∴ In this particular case the Real interest rate will rise only if the economy is going through a period of deflation and deflation rate is larger than fall in interest rate.

4 0
3 years ago
A parcel delivery company delivered 103,600 packages last year, when its average employment was 83 drivers. This year, the firm
Luden [163]

Answer: -3.38%

Explanation:

The percentage change in productivity over the past years will be calculated thus:

The Productivity will be the total packages handled divided by the number of drivers employed.

Last year Productivity will be:

= 103600/83

= 1248.19 packages per driver

This year Productivity will be:

= 112160/93

= 1206.02 packages per driver

Therefore, the percentage change in productivity = (This year Productivity - Last year Productivity) / (Last year Productivity) ×100

= [(1206.02-1248.19) / (1248.19)] × 100

= -42.17/1248.19 × 100

= -3.38%

4 0
3 years ago
Describe the methods for vegetable storage​
egoroff_w [7]

Answer:

There are five methods of storing vegetables and fruit: drying, canning, curing and salting, freezing and common storage. Which method is chosen depends upon the type of produce, the quality desired and the facilities available for storage. ... Avoid damaged, cut, bruised and pest or disease infested produce.

Explanation:

hope it help

Thank u

Good day ✌️

3 0
3 years ago
LO 8.4The fixed factory overhead variance is caused by the difference between which of the following?
Zanzabum

Answer: The correct answer is "actual fixed overhead and applied fixed overhead".

Explanation: The fixed factory overhead variance is caused by the difference between <u>actual fixed overhead and applied fixed overhead.</u>

There are two types of variations, one is produced because it determines whether too much or too little is spent on fixed overhead; and the other is produced because the real production can be higher or lower than the expected level.

5 0
3 years ago
Read 2 more answers
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