1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
vredina [299]
3 years ago
9

Suppose residents of Montana operate on their production possibility frontier, and they want to increase the production of both

wheat and fly-fishing rods. According to the production possibility frontier, this cannot happen without new resources or technological improvement. True or false?
Business
1 answer:
pshichka [43]3 years ago
6 0

Answer:

The correct answer is True.

Explanation:

The production possibilities frontier (FPP) is a graphical representation of the maximum quantities of production that an economy can obtain in a given period using all the resources it has available.

In an economy that has thousands of products, the alternatives to produce one or the other good and how much of each are very large. When an alternative is chosen, it means that other possibilities are being renounced. The relationship between what we choose and what we give up is the opportunity cost.

If all available resources are not used, that is, the potential production is not reached, the quantities produced will be within the enclosure delimited by the production possibilities frontier. That is, they would be at a possible but inefficient level.

On the other hand, that the quantities produced were to the right of the FPP would represent an impossible situation since, as we have indicated, in the FPP all available resources are already being used, so if we were to the right, it would mean that We are using non-existent resources.

On the other hand, if there are technological improvements or labor improvements, the production possibilities frontier will shift to the right, since there will be capacity to manufacture a greater number of the two goods. On the contrary: if production capacity decreases (usually due to a shortage of raw materials or natural disasters), the production possibilities frontier would shift inwards (to the left). That is, if the available resources changed, we would obtain a new FPP.

You might be interested in
The 2016 financial statements of The New York Times Company reveal average shareholders’ equity attributable to controlling inte
Umnica [9.8K]

Answer:

E. There is not enough information to calculate the ratio.

Explanation:

It's necessary the information about the other partner or what it's the total amount of shareholders’ equity to calculate the net income attributable to New York Times.

The only information available it's shareholders’ equity attributable to controlling interest which means there is other part which have the rest.

5 0
3 years ago
What is the present value of a series of payments received each year forever, starting with $1,000 paid one year from now and th
Ivanshal [37]

Answer:

Calculate PV of a 10-year annuity discounted at 6% interest rate; PV = $11,040.13.

Explanation:

8 0
2 years ago
The subject has $8,000 pool and a $2,000 chimney but no porch. a comparable that sold for $199,000 has a $3,000 porch but no poo
Pavel [41]
<span>If the comp sold for $199,000 but includes a $3000 porch and the subject has no porch, then we subtract the value of the porch to yield a base for the comparable of $196,000. Then, since the comparable has no pool or chimney, we add these values - $8,000 and $2,000, respectively - to that base value to yield an adjusted value of $196,000 + $8,000 + $2,000 = $206,000.</span>
5 0
3 years ago
Segments of business's macroenvironment include all of the following except a. the economic environment. b. the social environme
fgiga [73]

Answer:

d. the natural environment.

Explanation:

There are two business environment

The first one is microenvironment and the other one is the macro environment

The microenvironment refers to that environment that covers the business functions with respect to the general public, customers, competitors, employees, etc

While the macro environment refers to that environment that affects the business functions or its workings

It can be in various ways like

1. Political & legal  

3. Social

4. Technological

5. Demographic

6. Economical

6 0
3 years ago
All of the following are characteristics of a perfectly competitive market except: Group of answer choices barriers to entry per
Vesna [10]

Answer:

barriers to entry

Explanation:

The characteristics or attributes of the perfectly competitive market are as follows

1. There are large number of buyers and seller who purchase and sales similar kind of products

2. No transaction is involved

3. No barrier for entry and exit into the market

4. It contains the perfectly elastic demand

5. Perfect knowledge about the products

Therefore the first option is considered

7 0
3 years ago
Other questions:
  • Sheen Co. manufacturers laser printers. It has outlined the following overhead cost drivers: Overhead Costs Pool Cost Driver Ove
    9·1 answer
  • g Handal Corporation uses activity-based costing to compute product margins. Overhead costs have already been allocated to the c
    8·1 answer
  • The type of cover letter written to request assistance and support from the author’s job network:
    6·1 answer
  • What weakness is revealed by always being late to team practice
    8·2 answers
  • A stock brokerage firm is a licensed financial institution that select one:
    10·1 answer
  • Under the previous​ CEO, Konica/Minolta's management determined it was time to invest in​ __________ by offering new products to
    15·1 answer
  • M Company uses the percentage of sales method to account for its uncollectible accounts. On December 31, 2018, M has $1,800,000
    8·1 answer
  • identify five of his weaknesses and suggest one area of improvement for each five of his weaknesses and suggest one area of impr
    13·1 answer
  • If there are five goods in a barter​ economy, one needs to know ten prices in order to exchange one good for another.​ If, h
    14·1 answer
  • HELP ME WITH MY ASSIGNMENT GUYS
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!