All categories

3 years ago

Which curve shows increasing opportunity cost as you give up more of one option?

1 answer:

7 0

Production Possibilities Curve (PPC) shows increasing opportunity costs as you give up one or more options. This curve is usually bow-shaped in the middle because as you produce more of one good, your capacity to produce the second good is diminished.

You might be interested in

Assume the market for ball bearings is purely competitive. Currently, each of the firms in this market is earning positive econo

AleksandrR [38]

Answer: Given, the ball bearing market is purely competitive. Also at the current stage the firms in this market are earning positive economic profits.

Therefore , in the long run as adjustments occur in the industry, we can expect the market price of ball bearings to decrease and individual firms' profits to decrease.

This will take place as new firms will enter the market once they analyze that the existing firms are earning positive economic profits. Thus this will lead to decrease in price of ball bearing and further will lead to decrease in profit os a firm.

Therefore, the correct option is (d)

3 0

4 years ago

Dan Weaver wants to set up a fund to pay for his daughter's education. In order to pay her expenses, he will need $20,000 in fou

Mrrafil [7]

Answer:

$63,913.50

Explanation:

We are to find the present value of the cash flows from year 4 to 7

Present value can be calculated using a financial calculator

Cash flow each year from year 1 to 3 = $0

Cash flow in year 4 = $20,000

Cash flow in year 5 = $21,100

Cash flow in year 6 = $22,900

Cash flow in year 7 = $24,300

I = 6%

Present value = $63,913.50

To find the PV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

5 0

3 years ago

Gross investment is the :a.Expenditure on new plants, equipment, and residential construction, plus changes in business inventor

k0ka [10]

Answer:

a.Expenditure on new plants, equipment, and residential construction, plus changes in business inventories.

Explanation:

Gross investment is the punt that is invested in a business without considering depreciation cost. When depreciation is removed we get net investment.

Investment can be in fixed assets (such as new plants, equipment, and residential construction) or on variable assets (such as inventory or working capital).

Gross income is the total amount invested in fixed and variable aspects of the business.

6 0

4 years ago

Which of the following caused readership of The Boston Globe to plummet?

Vera_Pavlovna [14]

IT IS>>>>>>>> ONLINE NEWS

5 0

3 years ago

Which of the following statements are TRUE with regard to variable annuities?

patriot [66]

Answer:

(B) I and III

Explanation:

The variable annuity contract allows the investor tho make monthly payment for retirement in two pahses. First it will accumulate on his accounts by mading monthly deposits to yield a return on the fund, stocks or bonds. Then, the investor at retirement age enter the second phase. At which receives payouts from his deposists and earnings.

Therefore, the owner caccounts fluctuate during accumulation period as is ncreaseing or decreasing based on the investment made.

Finally, like all contract is subject to federal and state authority.

3 0

3 years ago