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coldgirl [10]
4 years ago
10

Consider two points on the PPF: point A, at which there are 10 apples and 20 pears, and point B, at which there are 7 apples and

21 pears. If the economy is currently at point A, the opportunity cost of moving to point B is __________.a. 1 pear. b. 7 apples c. 3 apples. d. 21 pears.
Business
1 answer:
lorasvet [3.4K]4 years ago
8 0

Answer:

c. 3 apples.

Explanation:

The opportunity cost is the alternative forgone. It is the item on the scale of preference that had to be let off in the fulfillment of other wants.

Given the two points A, at which there are 10 apples and 20 pears, and point B, at which there are 7 apples and 21 pears, moving from point A to B would mean that the number of apples will decrease from 10 to 7 while the number of pears will increase by 1.

As such, the opportunity cost is 3 apples (10 - 7).

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Answer:

A. is a market because buyers and sellers are brought together to buy and sell.

Explanation:

The definition of market is that it is a place where sellers of products and services meet with potential buyers. Acording to this definition, Ebay can be considered a market because in this website there are sellers offering different types of products and buyers willing to pay in order to get them.

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3 years ago
Describe in your own word the three types of leadership.
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Answer:

Specialization can lead to an increase in overall production

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4 years ago
Partner Industries sells a single product for $50 that has a variable cost of $30. Fixed costs amount to $5 per unit when antici
Vera_Pavlovna [14]

Answer:

b. $20.

Explanation:

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This means that any unit sold beyond this point will provide a profit equivalent to its marginal benefit, which is its selling price subtracted by its variable cost.

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8 0
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anufacturers consider selling and administrative costs to be A. prime costs. B. conversion costs. C. inventoriable costs. D. per
malfutka [58]

Answer:

D. period costs.

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