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hodyreva [135]
3 years ago
9

Which of the following concepts can be illustrated using the production possibilities curve? I. Choice II. Scarcity III. Price l

evel IV. Opportunity cost
Business
1 answer:
Virty [35]3 years ago
6 0

Answer:

The answer is IV. opportunity cost  

Explanation:

A production possibility curve or production possibility frontier is a curve that shows the possible combinations of different commodities that can be produced in a given economy, given the prevailing level of technology  

Opportunity cost on the other hand is the expression of cost in terms of forgone alternative.

However the production possibility curve is directly related to opportunity cost because the PPC involves sacrifice in the production of one commodity in order that another one will be produced. Also when preparing a PPC, the downward slope show that there is an opportunity cost involved  in the production of more of a commodity.

From the explanation above it is clear that the concept of opportunity cost can be illustrated using the PPC

 

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The fixed cost of a business:
REY [17]

Answer:

B)do not vary based on how many customers the company serves

Explanation:

Fixed costs are defined as expenses that do not change as a function of the activity of a business, within the relevant period. For example, a retailer must pay rent and utility bills irrespective of sales. Some examples of fixed costs include rent, insurance premiums, or loan payments. A fixed cost is a cost that does not change with an increase or decrease in the amount of goods or services produced or sold. Fixed costs are expenses that have to be paid by a company, independent of any specific business activities.

5 0
4 years ago
On January 1, 20X9 Pathlon Company acquired 30 percent of the common stock of Sopteron Corporation, at underlying book value. Fo
Ksenya-84 [330]

Answer:

increase in investment = 16,500

Explanation:

Given data:

net income $55 000

Gain $40,000

PATHLON SHARE IN SOPTERON 30%

according to Wquity method, the increase in investment can be determined as following

increase in investment = share of net income - dividend

putting all value to get increase in investment value

increase in investment = 55000\times 30% - 0

                                       = 55000\times 0.30

                                       = 16,500

8 0
3 years ago
18) Sum, Average, and Count are examples of ________.
zvonat [6]

Answer:

Summary calculation

Explanation:

  • The end of summary calculation refers to summary statistics
  • But here we have to calculate things like sum ,mean, average etc.

Option C is correct

3 0
3 years ago
A company's strategy can best be described as a(n) _______ about what long-term goals or direction to pursue for the survival or
steposvetlana [31]

Answer:C

Explanation:

Educated guess. Proper understanding of the environment helps to make informed decisions

4 0
3 years ago
On December 31, 2017, Extreme Fitness has adjusted balances of $800,000 in Accounts Receivable and $55,000 in Allowance for Doub
Anastaziya [24]

Answer:

Accounts receivable is $745,000

Explanation:

The company would report as net receivable, the total amount on accounts receivable minus total amount on the Allowance for uncollectible Accounts, which implies that the balance represent the amount of credit that will not be possible to collect again hence, the value represent balance on net accounts receivable.

Accounts receivable = Adjusted balance in accounts receivable - Allowance for doubtful accounts

= $800,000 - $55,000

= $745,000

6 0
3 years ago
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