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AlladinOne [14]
3 years ago
6

The production possibilities curve illustrates the basic principle that: Group of answer choices A) an economy will automaticall

y obtain full employment of its resources. B) an economy's capacity to produce increases in proportion to its population size. C) if all the resources of an economy are in use, more of one good can be produced only if less of another good is produced. D) the production of more of any one good will in time require smaller and smaller sacrifices of other goods.
Business
1 answer:
ICE Princess25 [194]3 years ago
3 0

Answer:

The correct answer is option C.

Explanation:

The production possibility curve shows the maximum possible bundle of two goods that can be produced using all the available resources and state of technology.

Since the resources are scarce, when we produce more of one good, we need to sacrifice more and more of the other good.

If all the resources in the economy are fully employed then it is not possible to increase the production of one good without decreasing the production of the other.

The economy can thus produce either on the production possibility curve or below it but not above it.

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Shirley Riddle earns ​$2 comma 327 biweekly. She is single and claims no withholding allowances. She saves​ 2% of her salary for
Paha777 [63]

Answer:

Shirley receive 2,126.16 dollars for each pay period.

Explanation:

the saving are considered part of his net earnings. The employeer gives a certain amount and from there, Shirley makes a save.

gross pay:                   2,327

insurance premium         22.82

Socal Security (6.2%)     144.274

medicare         (1.45%)      33.7415

Total deductions           200.8355‬

Net pay:                    2,126.1645‬    ≈ <em>2,126.16</em>

8 0
3 years ago
Amounts withheld from each employee for social security and medicare vary by state.
satela [25.4K]

It is False.

No matter which states the employee lives, the amounts withheld from each employee for social security and medicare do not vary by state. The present tax rate for social security for employers and employees is 6.2% and the present current rate of medicare is 1.45% for both the employer and employee.

Employers are typically required to withhold Social Security and Medicare taxes from an employee's paycheck and pay the employer's share of those taxes.

The Social Security Tax and the Medicare Tax have different rates, and only the Social Security tax has a salary cap. The base salary ceiling is the maximum taxable salary in the year. Determine the withholding amount for Social Security and Medicare contributions by multiplying each payment by the employee's tax rate.

To learn more about social security and medicare from given link

brainly.com/question/19277833

#SPJ4

3 0
2 years ago
State the effect (cash receipt or payment and amount) of each of the following transactions, considered individually, on cash fl
Ivanshal [37]

Answer:

    Effect of Transaction on Cash Flows

     Effects                     Amount

1.   Cash Payment         $239,000

2.  Cash Receipt           $252,000 (12000*$21)

3.  Cash Receipt           $91,400

4.  Cash Payment         $491,000

5.  Cash Payment         $86,000

6.  Cash Receipt           $188,100 (190,000*0.99)

7.  Cash Payment         $353,400 (6,200*$57)

8.  Cash Payment         $36,100 [1.90*(23,000-4,000)]

5 0
3 years ago
Mountain Made started the month with 3 quilts in its beginning inventory that cost $200 each. During the month, Mountain Made pu
Virty [35]

Answer:

Cost of Goods Sold for the month is $1656

Explanation:

Weighted Average Cost System calculates a new average for goods after each purchase.

Mountain Made Inventory Balance runs as follows:

<u>At Beginning:</u>

(3 quilts × $200) = $600

<u>After Purchased of 7 additional quilts for $210 each:</u>

(3 quilts × $200) + (7 quilts × $210) = $2070

New Inventory Cost = $2070/10quilts =$207 each

<u>At end</u>

2 quilts remained unsold. Therefore sold quilts were 8 ie (10quilts-2quilts)

Therefore cost of sold quilts is 8 × $207 = $1656

8 0
3 years ago
Ira orally agrees to buy a unique collection of sports memorabilia for $1,000 from Jane and sends her $250 as a down payment. Wh
OLEGan [10]

Ira should seek specific performance.

  • A particular remedy called specific performance is utilized by courts when no other option, such monetary compensation, will fully satisfy the other party. The court will choose that option instead if it will put the injured party in the same situation as if the contract had been fully completed.
  • A court may order a party to carry out a specific conduct, such as completing the contract's performance, as a form of equitable relief under the law of contracts.
  • If damages are a suitable alternative, it is normally not accessible but is typically available in the sale of land law. Contracts for personal services nearly seldom allow for specific performance.

Thus this is the answer.

To learn more about Contracts, refer: brainly.com/question/984979

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6 0
2 years ago
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