1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Lunna [17]
3 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]3 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.

You might be interested in
You would like to establish a trust fund that would provide annual scholarships of $100,000 forever. How much would you have to
aivan3 [116]

Answer:

$2,222,222.22

Explanation:

The data provided in the question

Annual scholarship provided = $100,000

Guaranteed rate of return = 4.5%

So by considering the above information, the amount i.e deposited today is

= Annual scholarship provided ÷ Guaranteed rate of return

= $100,000 ÷ 4.50%

= $2,222,222.22

By dividing the annual scholarship by the rate of return we can get the deposited amount

8 0
3 years ago
The consumer price index is __
Yanka [14]

Answer:

The consumer price index is a systematic calculation used to estimate price increases in a basket of goods and services that are indicative of consumption expenditure in the economy.

Explanation:

The Consumer Price Index refers to a metric used to determine the weighted average price of a set of consumer goods and services, such as food, transportation, and healthcare.  CPI is accountable for monitoring the change in retail prices of fundamental and everyday goods and services purchased by households across the world. Changes in the CPI are required to measure increases in the price of living. The CPI is one of the most commonly used indicators for the detection of inflation or deflation cycles.

7 0
3 years ago
Explain the link between scarcity and opportunity cost.​
Helga [31]

Answer:

Resources are limited in supply(scarcity) while wants are unlimited thus one has to make a choice to satisfy a need.Some choices are forgone(opportunity cost)

5 0
3 years ago
PLEASE HELP FAST!!!
maria [59]
It’s C because it’s balanced
7 0
2 years ago
Read 2 more answers
Falcon Co. produces a single product. Its normal selling price is $29 per unit. The variable costs are $15 per unit. Fixed costs
Elan Coil [88]

Answer:

$11,760

Explanation:

The sales less the variable cost gives the contribution margin. The contribution margin less the fixed cost gives the net operating income/profit.

Without the new offer

Profit = 5000($29 - $15) - $20,900

= $70,000 - $20,900

= $49,100

For the new order a variable selling cost of $2 per unit would be eliminated, the contribution of the order will be

= 1680($20 - $15 + $2)

= 1680 * $7

= $11,760

This is the differential effect on profit.

5 0
3 years ago
Other questions:
  • Zephron Music purchased inventory for $4,400 and also paid a $260 freight bill. Zephron Music returned 25​% of the goods to the
    15·1 answer
  • What are examples of Human Services careers? Check all that apply. Chief Executive Receptionist Hairstylist Funeral Director Chi
    12·2 answers
  • PLEASE HELP ME!!
    13·1 answer
  • Black Diamond Company produces snow skis. Each ski requires 2 pounds of carbon fiber. The company’s management predicts that 6,1
    12·1 answer
  • *20 points and Brainliest for right answer ASAP**<br> In a SWOT analysis, what are strengths?
    6·2 answers
  • McBride’s Dairy has 200 gallons of heavy cream and 600 gallons of skimmed milk and has incurred $1,000 of joint costs at the spl
    6·1 answer
  • Inventory records for Dunbar Incorporated revealed the following: Date Transaction Number of Units Unit Cost Apr. 1 Beginning in
    10·1 answer
  • Latoya is riding her bicycle. She rides at a speed of 12.5 kilometers per hour for 5 hours. For how many kilometers does she rid
    12·2 answers
  • Paola and Isidora are married; file a joint tax return; report modified AGI of $148,000; and have one dependent child, Dante. Th
    5·1 answer
  • ________ refers to the impaired decision making that occurs in a team when making the right decision is less important than main
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!