1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Semenov [28]
3 years ago
10

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.

You might be interested in
A partial listing of costs incurred at Gilhooly Corporation during September appears below: Direct materials $ 162,000 Utilities
sergejj [24]

Answer:

Manufacturing overhead=  $96,000

Explanation:

Giving the following information:

Utilities, factory $ 11,000

Indirect labor $ 30,000

Depreciation of production equipment $ 51,000

<u>The manufacturing overhead includes all indirect costs regarding production. </u>

<u></u>

Manufacturing overhead= 11,000 + 30,000 + 51,000

Manufacturing overhead=  $96,000

8 0
3 years ago
If rice is an inferior good: a. the income elasticity of demand for rice will be positive. b. an increase in income will cause t
tatuchka [14]

Answer: The answer is b -an increase in income will cause the demand curve of an inferior good to shift to the left.

Explanation: An inferior good is a good whose demand reduces as income increases. It's demand has an inverse or negative relationship with income. Therefore as the income of the individual increases, the demand for an inferior good reduces. On a graph, the reduction in demand is depicted by an inward shift of the demand curve or a shift of the demand curve to the left to show a reduction in demand. Income is one of the factors that leads to a shift in the demand curve. The income elasticity would be negative

3 0
3 years ago
On january 6, 2014, the eldorado corporation purchased a tract of land for a factory site for $500,000. an existing building on
vazorg [7]
Jgumtmutjcfn&fufujfujffujgfyhcgtcc
7 0
3 years ago
At the beginning of the year, a company estimates the following manufacturing costs for the next period: direct labor, $468,000;
sveticcg [70]

Answer:

(1) rate = 25% of direct labor cost

(2) rate = 30% of direct materials

Explanation:

\frac{Cost\: Of \:Manufacturing \:Overhead}{Cost \:Driver}= Overhead \:Rate

To determinate the rate We distribute the total overhead cost over a given cost driver.

factory overhead 117,000

direct materials 390,000

direct labor 468,000

(1) We are asked to use direct labor as a cost driver

117,000/468,000 = 0.25 = 25%

(2) We are asked to use direct materials as a cost driver

117,000/398,000 = 0.25 = 30%

5 0
3 years ago
Read 2 more answers
The following transactions occurred during December 31, 2021, for the Falwell Company.
rewona [7]

Answer and Explanation:

The journal entries are shown below:

1. Prepaid insurance ($9,000*30/36) $7,500

   To Insurance expense  $7,500

(Being prepaid insurance is recorded)

2. Depreciation expense $10,000

    To Accumulated depreciation-Equipment $10,000

(Being the depreciation expense is recorded)

3. Salaries expense $12,000

    To Salaries payable $12,000

(Being the salaries expense is recorded)

4. Interest expense ($100,000 × 12% × 2 ÷ 12) $2,000  

      To Interest payable $2,000

(Being the interest expense is recorded)

5. Deferred rent revenue ($3,300 ÷ 3) $1,100

         To Rent revenue $1,100

(Being the deferred rent revenue is recorded)

6. Rent revenue $2,200

      To Deferred rent revenue $2,200

(Being the rent revenue is recorded)

4 0
3 years ago
Other questions:
  • Evidence pertaining to the airline industry suggests that
    15·1 answer
  • On May 7, Bergan Company purchased on account 10,000 units of raw materials at $8 per unit. During May, raw materials were requi
    5·1 answer
  • Tamara has $500 she is looking to save for a class trip. She wants to earn the most possible interest and will not need access t
    5·2 answers
  • A credit rating (score) of ________ would normally allow you to have easy approval for credit.
    11·1 answer
  • The before-tax income for Ivanhoe Co. for 2020 was $104,000 and $81,200 for 2021. However, the accountant noted that the followi
    14·1 answer
  • Given the following information, calculate the savings ratio:
    5·1 answer
  • When fast food restaurant, tommy's tacos, had poor sales in central city, marketing managers closed one outlet on the east side
    15·1 answer
  • A company invests $40,000 in a project with the following net cash flows: Year 1: $3,000 Year 2: $8,000 Year 3: $14,000 Year 4:
    7·1 answer
  • Along with a complete shut down or even jail time for its principals, what other possible result can occur if a business violate
    10·1 answer
  • The ideal target market for a firm is the one in which it can profitably generate the greatest customer ________ and ________ it
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!