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Lunna [17]
4 years ago
7

Suppose that an economy is producing on its production possibilities curve but is not producing quantities of each good where th

e marginal benefit equals the marginal cost for each good. This economy:
a. should not change its production because it cannot improve its allocation by shifting resources.

b. can improve its allocation by lowering the unemployment rate.

c. can improve its allocation by producing more of one good and less of the other.

d. can improve its allocation by producing more of both goods.
Business
1 answer:
ivolga24 [154]4 years ago
7 0

Answer:

c. can improve its allocation by producing more of one good and less of the other.

Explanation:

Production possibility curve shows all the combinations not two products that can be produced by an economy with a given level of resources. When more of one good is produced, less of the other is produced.

When the marginal benefit of the goods are not equal to the marginal cost, the economy can find a balance where the benefits of producing bother goods exceeds their cost.

This can be done by producing more of one good and less of the other.

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Andrea Apple opened Apple Photography, Inc. on January 1 of the current year. During January, the following transactions occurre
nalin [4]

Answer:

Apple Photography, Inc.

Based on this information, the balance in the cash account at the end of January would be:_____.

b) $12,115.

Explanation:

a) Cash Account

Common Stock   $13,600

Insurance              (2,200)

Service Revenue   5,800)

Rent                       (1,600)

Office equipment (3,200)

Utilities                     (285)

Balance                $12,115

b) Apple Photography, Inc had a balance in the cash account at the end of January of $12,115 which was the difference between the cash inflows and cash outflows during the month.  The inflows represented cash received by Apple Photography  from the owners and customers and the cash paid for running the business.

6 0
3 years ago
ABC, a chain of candy stores, purchases its candy in bulk from its suppliers. For a recent shipment, the company paid $1,500 and
spin [16.1K]

Answer: Option (d) is correct.

Explanation:

Amount paid for candy = $1,500

Items received = 8,500 pieces of candy

Group 1 =  2,500 pieces

Selling price = $0.15 each

sale value = pieces sold × Selling price

                 = 2,500 ×  $0.15 each

                 = $375

Group 2 = 5,500 pieces

Selling price = $0.36 each

sale value = pieces sold × Selling price

                 = 5,500 ×  $0.36 each

                 = $1,980

Group 3 = 500 pieces

Selling price = $0.72 each

sale value = pieces sold × Selling price

                 = 500 ×  $0.72 each

                 = $360

Total sale value = $375 + $1,980 + $360

                           = $2,715

Percentage\ of\ sale\ in\ Group\ 2=\frac{Sale\ value}{Total\ sale\ value}\times 100

Percentage\ of\ sale\ in\ Group\ 2=\frac{1,980}{2,715}\times 100

= 72.92%

Proportion of cost for Group 2 = cost × Percentage of sale in Group 2

                                                   = $1,500 × 72.92%

                                                   = $1,093.8

cost\ per\ unit= \frac{cost}{total\ units}

cost\ per\ unit= \frac{1,093.8}{5,500}

= $0.1988

= $0.20(approx)

4 0
3 years ago
What should each person do if the goal is to maximize the amount of fish and coconuts?
asambeis [7]
Are they trying to maximize the amount of fish & coconuts sold or that Is being bought? Can you add more details?
4 0
2 years ago
Many students review course material at various times during a semester so they will be prepared for the final exam. these stude
kotegsom [21]
This best illustrates the value of the spacing effect.
This type of an effect refers to the fact that learning is better if it is extended over a long period of time. So, if you are studying for an exam, it is better to study for a month, where each day you will read a portion of a lesson, rather than pull an all-nighter and cram it all.
4 0
4 years ago
Read 2 more answers
As explained in your textbook, an __________ is a systematic series of actions that leads to a specific result or product. quizl
OLga [1]

The <u>process </u>is a systematic series of actions that leads to a specific result or product.

<h3>What is a Process?</h3>

A process is a set of decisions and actions used to carry out the task. Although we may not be aware of them, processes are present in every sphere of our lives, including work and pleasure. Several instances of

processes may be:

  • breakfast preparation
  • Making a purchase
  • establishing a budget
  • A work order is written.
  • A patient is triaged.
  • sanitizing a space
  • changing a car's oil
  • placing truck straps
  • refueling a vehicle
<h3>Timing and dependency of a Process</h3>

Awareness of genuine process behavior requires an understanding of timing and interdependence. The submitter only submitted background checks on Tuesday between 3:00 and 3:30 PM throughout the background check procedure outlined above. This implies that it can take up to 7 days for a pending background check to be filed. 14 extra days might be added to the background check procedure by three additional comparable delays. Understanding how actions inside a process are timed is essential to any improvement technique, but it is not made clear by the fundamental description. The framework for describing when a process takes place is not part of the fundamental concept of a process.

Therefore, As explained in your textbook, a <u>Process </u>is a systematic series of actions that leads to a specific result or product.

For more information on Processes, refer to the given link:

brainly.com/question/14694622

#SPJ4

6 0
2 years ago
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