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Aloiza [94]
3 years ago
5

Suppose Argentina produces only cars and trucks. The resources that are used in the production of these two goods are not specia

lized—that is, the same set of resources is equally useful in producing both trucks and cars.
The shape of Argentina's production possibilities frontier (PPF) should reflect the fact that as Argentina produces more trucks and fewer cars, the opportunity cost of producing each additional truck....? (increase, decrease, remain constant )

The following graphs show two possible PPFs for Argentina's economy: a straight-line PPF ( ) and a bowed-out PPF ( ).
Based on the previous description, the trade-off Argentina faces between producing trucks and cars is best represented by ....?( graph 1, or graph 2 )
Business
1 answer:
Vadim26 [7]3 years ago
4 0
The best and the most correct answer among the choices provided by the question is the second choice. The production of trucks and cars is best represented by the second graph. I hope my answer has come to your help. God bless and have a nice day ahead!
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Answer:

Cost of goods sold is $7,700

Gross Profit is $2,300

Explanation:

Cost of goods sold is Cost of goods available for sale less ending merchandise inventory. Ending merchandise understated by $300 means ending merchandise was accounted $300 less. So, $300 need to be added to ending merchandise. No ending merchandise is $2,300 (2,000 + 300)

Cost of goods sold will be 10,000 - 2,300 = $7,700

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Gross profit = 10,000 - 7,700

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