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3 years ago

Which of the following give the bowed-outward shape to the PPF?Choose one or more:

Business

1 answer:

charle [14.2K]3 years ago

6 0

Answer:

B.the law of increasing opportunity cost

Explanation:

PPF is graphical representation of product combinations that an economy can produce, given resources & technology

It is downward sloping because - given same resources & technology, one good 's production can be increased by decreasing production of other good.

Resources are assumed to be unequally efficient in production of resources. Shifting production from one good to other occurs with increasing Marginal Opportunity Cost (amount of good sacrifised to gain an additional unit of the other good.

This makes slope of PPC i,e MOC to rise & makes it concave i.e outward bending

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Michael's Machine Shop reports the following information for the quarter.

m_a_m_a [10]

Answer:

Results are below.

Explanation:

First, we need to calculate the variable cost per unit:

Variable cost per unit= Materials + Labor + Plant supervision + Selling and administrative

Variable cost per unit= 18 + 15 + 8 + 9

Variable cost per unit= $50

Now, the fixed cost:

Fixed costs= Selling and administrative + Production

Fixed costs= 47,620 + 142,860

Fixed costs= $190,480

To calculate the break-even point in units, we need to use the following formula:

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 190,480 / (70 -50)

Break-even point in units= 9,524

Finally, the expected sales:

expected sales= 23,810*70

expected sales= $1,666,700

3 0

3 years ago

Cash Paid for Merchandise Purchases The cost of merchandise sold for Kohl’s Corporation for a recent year was $12,265 million. T

rusak2 [61]

Answer:

Cash payment for merchandise = $12,749

Explanation:

As we know that:

Opening Inventory + Purchases made during the year - Closing Inventory = Inventory sold during the year

We know, the value of opening, closing and sold inventory we this we can compute the value of inventory purchased during the year.

Putting values we have:

$3,814 + Purchases - $4,038 = $12,265

Purchases = $12,265 + $4,038 - $3,814 = $12,489

Also the equation for calculating the payments shall be:

Opening Accounts Payable + Inventory purchased - Closing Accounts Payable = Cash paid during the year for merchandise.

$1,511 + $12,489 - $1,251 = Cash paid

$12,749 = Cash paid

5 0

4 years ago

Yakvenalex [24]

Answer:

I think the answer to your question is true(not sure sha)

5 0

3 years ago

At the beginning of the year, Rangle Company expected to incur $64,000 of overhead costs in producing 6,400 units of product. Th

Studentka2010 [4]

Answer:

$48,000

Explanation:

The total cost of the units produced in the month is the sum of the direct and indirect cost. The indirect cost is also known as the overheads.

The direct cost is the sum of the direct labor and direct material cost.

Total direct cost = 600( $30 + $40)

= $42000

Indirect cost = 600/6400 * $64,000

= $6000

The total cost of the units made in January was

= $42000 + $6000

= $48,000

6 0

3 years ago

Read 2 more answers

The management of Ro Corporation is investigating automating a process. Old equipment, with a current salvage value of $21,000,

Nadya [2.5K]

Answer: 18.8%

Explanation:

Simple rate of return on investment = Incremental net operating income / investment

Incremental net income = Operating savings - Annual cost

= 145,000 - 420,000/6 years

= $75,000

Net investment = Cost of new machine - salvage value of old

= 420,000 - 21,000

= $399,000

Return on investment = 75,000/399,000

= 18.8%

6 0

3 years ago