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3 years ago

What are the implications of this idea for the shape of the production possibilities frontier?

Business

1 answer:

Grace [21]3 years ago

5 0

Answer:B. The production possibilities frontier will be bowed outwards

Explanation: Production possibility frontier (PPF) is a term used in economics to show how possible it is to combine the production of different products puting the availability of resources, technologies, and other factors which can affect it.

Production possibility frontier is used mainly by Economist to show the impact of different concepts like SCARCITY, OPPORTUNITY COSTS,etc

Once the production of a given goods leads to the reduction in production of another,the PPF will be bowed outwards.

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Polaco Corporation makes a product that has the following direct labor standards: Standard direct labor-hours 0.4 hours per unit

SOVA2 [1]

The labor efficiency variance for May for Polaco Corporation is <u>$4,320 Favorable</u>.

<h3>What is the labor efficiency variance?</h3>

The labor efficiency variance shows the difference between the actual direct labor hours worked and budgeted direct labor hours,

The labor efficiency variance is computed as the Standard hours allowed for production (SH) – actual hours taken (AH) × standard rate.

<h3>Data and Calculations:</h3>

Standard direct labor-hours per unit = 0.4 hours

Standard direct labor rate = $24 per hour

Production in May = 8,500 units

Actual hours used = 3,220 hours

Standard hours allowed = 3,400 hours (8,500 x 0.4)

Labor efficiency variance = $4,320 (3,400 - 3,220 x $24)

Thus, the labor efficiency variance for May for Polaco Corporation is <u>$4,320 Favorable</u>.

Learn more about calculating labor efficiency variance at brainly.com/question/13136127

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7 0

2 years ago

The great promise of exporting is that: Group of answer choices large revenue opportunities are often found in foreign markets.

DENIUS [597]

Answer:

large revenue opportunities are often found in foreign markets.

Explanation:

With regard to the promise made for an exporting purpose we get to know that there is a big opportunities with respect of generating high amount of revenue and the same could be founded in the foreign markets

Therefore as per the given situation, the above option represent the answer

and, the same should be applied

7 0

3 years ago

Beta is Question 10 options: a) A measure of the volatility of returns on an individual stock relative to the market b) Relates

Strike441 [17]

Answer: a) A measure of the volatility of returns on an individual stock relative to the market

Explanation:

Beta is indeed a measure of the volatility of returns on an individual stock relative to the return on the market as a whole.

It is used in the Capital Asset Pricing Model which enables for the calculation of the stock's expected return.

Market Beta is always 1. Therefore betas measure shows how much more or less volatile than the market return, the stock return is. For instance, a beta of 2 means that the stock's returns are twice as volatile as the markets and a beta of 0.5 means the returns are only half as volatile as the market.

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4 years ago

A registered investment adviser often recommends real estate limited partnership investments to her wealthy clients. The RIA's p

jeyben [28]

Answer: Her actions are inconsistent with the advice being given to her clients and this must be disclosed

Explanation:

Since the registered investment adviser often recommends real estate limited partnership investments to her wealthy clients but she never buys limited partnership units for her personal account.

This shows that her actions are inconsistent with the advice being given to her clients and this must be disclosed.

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3 years ago

Which of the following definition below describes a wall opening

Tcecarenko [31]

I didn't find the answer for an expression for business regarding an opening wall. The one I know is an opening at least 30"" high and 18" wide in a wall or partition through which people may fall

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3 years ago

What are the implications of this idea for the shape of the production possibilities​ frontier?

What are the implications of this idea for the shape of the production possibilities frontier?