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I am Lyosha [343]
3 years ago
13

Ravi has a business developing smartphone apps. Which of these answers the economic question How to produce?Spend a week working

on a new programResearch and interview potential customersRead marketing and technology periodicalsSelect four new phones for app placement
Business
1 answer:
lukranit [14]3 years ago
3 0

Answer:

Select four new phones for app placement

Explanation:

"Select four new phones for app placement", will help Revi do an in depth product testing, which will give him a sense of direction on how to produce.

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Suppose that Greece and Sweden both produce oil and stained glass. Greece's opportunity cost of producing a pane of stained glas
Wewaii [24]

Answer: Greece; Sweden

Explanation:

A country or a firm has a comparative advantage in producing a commodity if the opportunity cost of producing that commodity in terms of other commodity is lower in that country or firm as compared to the other country or firm.  

Greece's opportunity cost of producing a pane of stained glass = 4 barrels of oil

Sweden's opportunity cost of producing a pane of stained glass = 8 barrels of oil

Therefore, opportunity cost of producing a pane of stained glass is lower in Greece as compared to the Sweden.

Hence, Greece has a comparative advantage in producing stained glass.

Greece's opportunity cost of producing a barrel of oil = \frac{1}{4}

                                                                                          = 0.25 pane of stained glass

Sweden's opportunity cost of producing a barrel of oil = \frac{1}{8}

                                                                                          = 0.125 pane of Stained glass

Therefore, opportunity cost of producing a barrel of oil is lower in Sweden as compared to the Greece.

Hence, Sweden has a comparative advantage in producing Oil.

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What rate of output is appropriate for a nonprofit corporation (such as a hospital)?
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Answer and Explanation:

Nonprofit organizations are not stressed over boosting benefit and rather need to expand yield. On account of a clinic this yield is patients who get more advantageous or on account of a college it is understudies who graduate that the nonprofit organizations need to increment. Simultaneously. they need to take care of the expenses of work and capital that go into keep their foundations running. This implies the pace of yield at which nonprofit organizations need to deliver ought to be when normal all out cost rises to the market cost with the goal that their benefits would be zero.

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Most economists prefer _____ as the best indicator of current economic performance.
balu736 [363]
Most economists prefer real GDP growth as the best indicator of current economic performance. Real GDP is the gross domestic product in constant dollars. In other words, it is a nation's total output of goods and services, adjusted for price changes. The real GDP allows economists to make useful comparisons of a nation's output and services by eliminating the effect of price changes. It is also known as inflation-corrected GDP and constant-price GDP.
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