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
ira [324]
2 years ago
11

The purpose of a production possibilities curve is to show the __________ between the production of two things.

Business
2 answers:
koban [17]2 years ago
6 0

Answer:

The correct answer is alternative ways to use an economy's resources.

Explanation:

The production possibility frontier reflects the maximum quantities of goods and Services that a society is capable of producing in a given period and from production factors and technological knowledge given previously.

The form of the production possibilities frontier depends on what type of opportunity cost it represents. If we talk about constant opportunity cost, the Border of production possibilities is a straight line with a negative slope. If we talk about increasing opportunity cost, it is concave and decreasing when viewed from the beginning.

KatRina [158]2 years ago
6 0

Answer:

trade-off

Explanation:

It a curve that shows the maximum number of possible units a firm can produce if it only produces two products using all of its resources efficiently. or is a graphical representation of different combinations of two goods which can be produced by an economy by using of limited resources.

If a company wants to produce a particular product, then they have to reduce the production of some other commodity for economic growth.

Example: Gideon Company Ltd is known for producing and selling pens and books. Their resources for producing the two products are fixed.

The company can produce 2000 books if it doesn’t produce a single pen. Likewise, it can produce 1,500 pens if it doesn’t produce a single book. Currently, it is producing 1,000 books and 800 pens.

The company has recently received more demand for books, so directors decided to increase the production of books from 1,000 units to 1,500 units by reducing the output of pens from 800 units to 500 units. The opportunity cost for producing 1,500 units of books becomes the 300 units of forgone pens.

Example 2. For example, say an economy can produce 20,000 oranges and 120,000 apples. If it wants to produce more oranges, it must produce fewer apples.

By describing this tradeoff, the curve demonstrates the concept of opportunity cost. Making more of one good will cost society the opportunity of making more of the other good. The production possibility curve delineates the cost of society's choice between two different goods.

You might be interested in
Lily Tucker (single) owns and operates a bike shop as a sole proprietorship. In 2019, she sells the following long-term assets u
mel-nik [20]

Answer:

Tax Liability  = $59,170

Explanation:

Profit on building = 234,000-(204,000-56,000)

Profit on building = $86,000

Loss on equipment = 84,000 - (152,000-27,000)

Loss on equipment = $41,000

Net profit = Profit on building - Loss on equipment

Net profit = $86,000 - $41,000

Net profit = $45,000

Taxable income before transaction = $194,500

Total taxable income = $194,500 + $45,000

Total taxable income = $239,500

According to tax rules

Tax Liability  = ($194,500 - $85,650)28% + 17,442 + ($45,000 )(25%)

Tax Liability  = $47,920 + $11,250

Tax Liability  = $59,170

5 0
2 years ago
A fire has destroyed a large percentage of the financial records of the Inferno Company. You have the task of piecing together i
oee [108]

Answer:

11.11%

Explanation:

The computation of the return on assets is given below:

But before that following calculations need to be done

Total assets = Total debt ÷ Total debt ratio

= $657,000 ÷ 0.31

= $2,119,354.839

Total equity = Total Assets - Total Debt

= $2,119,354.839 - $657,000

= $1,462,354.839

Net profit = Total equity × Return on equity

= $1,462,354.839 × 0.161

= $235,439.129

And, finally

ROA = Net profit ÷ Total Assets

= $235,439.129 ÷ $2,119,354.839

= 11.11%

7 0
2 years ago
A business-cycle expansion is different from economic growth. <br> a. True <br> b. False
denis-greek [22]
Your answer is going to be true. 
6 0
3 years ago
Celebrities and famous individuals often make __________, or positive statements, about a product based on their personal experi
Alenkasestr [34]

Answer:

It might be endorsement.  

Explanation:<u><em>To think about:</em></u> What must a celebrity endorsement always reflect? Honest opinion of the endorser. According to the Federal Trade Commission (FTC), endorsements must always reflect the honest opinions, findings, beliefs, or experience of the endorser. ... Endorsements are a form of advertising.

8 0
3 years ago
In what ways can labor and management resolve disputes
saul85 [17]

Answer:

understand

Explanation:

by understanding each other and work inline with the business goal in order to achieve the business objective

5 0
3 years ago
Other questions:
  • On January 1, Wei company begins the accounting period with a $40,000 credit balance in Allowance for Doubtful Accounts. On Febr
    8·1 answer
  • A judge denied a 94-year-old woman s attempt to force a Lottery Commission to pay her $3.9 million winnings up front on the grou
    5·1 answer
  • 6. The source document should be written in the
    7·2 answers
  • Carrie D's has 6 million shares of common stock outstanding, 2 million shares of preferred stock outstanding, and 10 thousand bo
    13·1 answer
  • Kat is willing to pay $900 for 25 bottles of grape wine. The market price of 15 boties of grape wine is $390. Because of an incr
    5·1 answer
  • At the beginning of 2021, Angel Corporation began offering a two-year warranty on its products. The warranty program was expecte
    5·1 answer
  • Define artificial intelligence​
    13·1 answer
  • What are the 5 industries which comprise two-thirds of Houston’s total exports?
    7·1 answer
  • Whirly Corporation’s contribution format income statement for the most recent month is shown below: Total Per Unit Sales (7,600
    11·1 answer
  • The only way to decrease your lifestyle budget is by completely eliminating an item.
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!