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3 years ago

Refer to Exhibit 2-2. If PPF2 is the relevant production possibilities frontier, then point __________ illustrates inefficiency.

Business

1 answer:

Natali [406]3 years ago

5 0

Answer: F

Explanation:

Production possibility frontier checks the alternative combination of products that is possible based on available resources and useful technology.

NOTE: Exhibit 2-2 is curved.

Although, in reality most PPF2 are curved, which means that there is an increase in opportunity costs due to the commensurate increase in the number of goods produced. And this is so in most cases.

Therefore, with reference to Exhibit 2-2, if PPF2 is the relevant Production Possibilities Frontier, then point F illustrates inefficiency.

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Answer:

Explanation:

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3 years ago

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Explanation:

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4 years ago

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nevsk [136]

Answer:

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3 years ago

A buyer and seller enter into a written contract for the sale of a four-bedroom home. If either party defaults under the contrac

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3 years ago

A company’s planned activity level for next year is expected to be 100000 machine hours. At this level of activity, the company

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Answer:

The total manufacturing overhead is $200,100

Explanation:

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The total manufacturing overhead is $200,100 based on the fact that variable cost varies with output while fixed costs remain the same

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3 years ago