Answer:
Economists typically depict the PPF as a bowed-out curve rather than as a straight line in order to show that the opportunity cost of producing one good rises as more goods are produced. Those points lying beyond the production possibility frontier (PPF) represent results which cannot be attained with the current level of technology and resources.
Answer:
B. They are wants related to needs in Column A
Explanation:
The question is incomplete!!!
Please refer the complete question below:
Which of these is true of the items in Column B in relation to Column A?
Column A- water, safe housing, shirt
Column B- coffee, beach house, designer blouse
Answer Explanation
Needs are based on physiological, personal, or socio-economic requirements necessary for you to function and live, like water, safe housing, etc in Column A
Wants are a means to fulfilling our need like coffee, beach house, etc in Column B
Answer:
It will take Average of 5 days waiting time in the warehouse.
Explanation:
Inventory per day = 200 pallets
Total occupies pallets = 1,000 pallets
Use following formula to calculate average waiting time in the warehouse
Average wait time spent in warehouse = 1,000 / 200 pallets per day
Average wait time spent in warehouse = 5 days
It will take Average of 5 days waiting time in the warehouse.
To solve:
Direct marterial cost = $12,000
Direct labor cost = $11,000
Manufacturing overhead = 85% of direct labor cost = $9,350
Add up all of the costs for the total cost of Job No. 110.
$12,000 + $11,000 + $9,350 = $32,350.