The answer is <span>Kiichiro Toyoda</span>
Generally, on a production possibilities curve, the optimal point is achieved where each good is produced at a level where marginal benefits equal marginal costs.
<h3>What is an
optimal point?</h3>
On a graph, this refers to the best or most favorable point on a graph curve etc
Hence, on the a production possibilities curve, the optimal point is achieved where each good is produced at a level where marginal benefits equal marginal costs.
Therefore, the Option B is correct.
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Answer:
1.37
Explanation:
Given that
Operating income = $45,900
Variable expenses = 10%
Fixed expenses = $17,100
The calculation of operating income is shown below:-
Contribution margin = Operating income + Fixed expenses
= $45,900 + $17,100
= $63,000
So, Operating leverage = Contribution margin ÷ Operating income
= $63,000 ÷ $45,900
= 1.37
Answer:
450,000 units
Explanation:
This question asks to calculate the equivalent units of materials. It must be known that equivalent units are calculated by multiplying the number of physical units by percentage of completion.
The question assumes that materials are entered at the beginning of the process.
Mathematically, the equivalent units for materials = started into production + Beginning work in process
= 25,000 units + 425,000 units = 450,000 units
Answer:
nominal, real, & the classical dichotomy
Explanation:
A nominal variable is a value whose values are non-numeric for example gender. It is calculated based on the current – year prices.
In other words, nominal value is calculated in monetary terms, whereas real value is measured on the basis of goods or services
A real variable is a variable whose values are numeric. It is measured based on the currency of the base year.
The distinction between real variables and nominal variables is known as <u>nominal, real, & the classical dichotomy</u>.
The Classical Dichotomy is based on the assumption that states that in the long run, the nominal economy and the real economy are completely separated from each other. In the long run, nominal prices have no impacts on real variables.
