Answer: The correct answer is "Can vary as the result of using a fixed amount of plant and equipment more or less intensively".
Explanation: In the short run, output: Can vary as the result of using a fixed amount of plant and equipment more or less intensively.
In a short-term context, production can only vary as a result of more intensive use of the plant producing more or less intensive use of the plant producing less.
Answer:
B. shifts rightward, and the point at which the PPF touches the good-X axis has to be something more than 40 units of good X and the point at which the PPF touches the good-Y axis has to be something more than 60 units
Explanation:
PPF is the graphical representation of two goods combinations which an economy can produce given resources & technology.
It is downward sloping because of two goods inverse relation given same resources & technology.
The points at which PPF touches both axis represents maximum amount of that axis good which can be produced by given resources & technology , Points on PPF reflect full efficient utilisation of resources. Points inside PPF reflect underutilisation of resources. Points outside PPF reflect unattainable combinations outside economy's productive capacity, given resources & technology unless either of them grow.
Resource increase usable for production of both goods: shifts the PPF outwards/ rightwards & the maximum potential production of both goods increases. PPF touching axis points increases from pervious at each axis - more than 40 at good X axis, more than 60 at Y axis.
Answer:
D) return on equity will increase.
Explanation: Return on equity is a financial term that explains the net income of a business venture. There are several ways through which the return on equity can be improved or increased in business.
(1) Reduction in the cost of operations or production of goods and services
(2) increase in the price of the product etc.
If the cost of producing a given Quantity of goods is reduced with sales remaining constant,THE RETURN ON EQUITY WILL INCREASE AS A RESULT OF THE INCREASE IN NET INCOME DUE TO REDUCED COST OF OPERATIONS OR PRODUCTION OF GOODS.
Answer:
Production orientation
Explanation:
The application of Taylor's scientific management which says that their is one best way to do a single task which brings maximum efficiency and learning of the employee. This can be done by simply breaking a single task into numerous tasks and then assigning that single task to each employee. Now each employee does the same task very efficiently and the result is economies of scale which lets the company sell maximum number of products at a very low price because of increase productivity. This was the achievement of Henry Ford who assigned single task to numerous machines and human resource to do in more efficient way and the result is that we today see Ford company as one of biggest giant of automobile industry which is operating more than 110 countries across the globe.
