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]
3 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]3 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]3 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
On December 31, 2020, Wayne, Inc. sold $4,000,000 (face value) of bonds. The bonds are dated December 30, 2020, pay interest ann
Andreas93 [3]

Answer:

Wayne, Inc.

1. The stated interest rate for this bond issue is:

= 8%.

2. The market interest rate for this bond issue is:

= 9%.

3. The selling price of the bonds as a percentage of the face value is 97.5% ($3,900,000/$4,000,000 * 100)

4. Journal Entry to record the sale of the bond issue on December 31, 2020:

December 31, 2020:

Debit Cash $3,900,000

Debit Bonds Discounts $100,000

Credit Bonds Payable $4,000,000

To record the bonds proceeds, discounts, and liability.

5. December 31, 2021:

Debit Bonds Interest Expense $351,000

Credit Bonds Amortization $31,000

Credit Cash $320,000

To record the first payment of interest and amortization.

Explanation:

a) Data and Calculations:

Face value of bonds = $4,000,000

Bonds price = $3,900,000

Discount =   $100,000

December 31, 2021:

Interest expense = $351,000

Market interest rate = $351,000/$3,900,000 * 100 = 9%

Cash payment =     $320,000

Coupon interest rate = $320,000/$4,000,000 * 100 = 8%

7 0
3 years ago
The investment a company makes in training employees to perform their duties and redesigning products and processes to improve t
Andre45 [30]

Answer:

True

Explanation:

Prevention Cost is the cost which is incurred to avoid the loss due to defects in the products manufactured, here the cost incurred is as follows:

Training employees that is the benefit from training will be reducing cost and improving quality of the product, therefore, it will be considered as prevention costs.

Further cost incurred for redesigning products and processes will improve the quality of the product and the process therefore this cost can also be considered as prevention costs.

Final Answer

The above statement is true.

4 0
3 years ago
The role of management in the success of a business?
Kaylis [27]

Effective management theories can be the basis of a success in a business. ... It is thus the duty of managers to plan, organize, lead and control the various functional areas with the aim of ensuring that the entire organization moves towards the same organization

Mark me as brainliest

3 0
3 years ago
Entry for Factory Labor Costs A summary of the time tickets is as follows: Job No. Amount 100 $3,460 101 2,870 104 5,260 108 5,9
trapecia [35]

Answer:

DR Work in Progress Account $39,650

DR Factory Overhead Account $18,440

CR Wages Payable $58,090

(To record factory Labor Costs)

Workings

Work in Progress

Standard policy is to send the direct cost of Labor to the Work in Progress Account.

The Total direct cost of labor are all of the above except the Indirect cost.

= 3,460 + 2,870 + 5,260 + 5,950 + 3,630 + 2,380 + 16,120

= $39,650

8 0
3 years ago
Which of the following is an adjustment to a pay rate to reflect differences in working conditions or labor markets?A. bonusB. p
Ksju [112]

Answer:

The correct answer is letter "B": pay differential.

Explanation:

Pay differential refers to the extra income received by an employee as a result of working out of the established working hours agreed in his or her contract. Pay differential is usually the monetary benefit a worker receives after working overtime or during a graveyard shift.

6 0
3 years ago
Other questions:
  • What were working conditions like before the labor movement?
    11·1 answer
  • Comdex Inc. manufactures parts for the telecom industry. One of its products that currently sells for $210 is now facing a new c
    9·1 answer
  • Sierra offers to sell Alyssa a Scottish terrier puppy for $800. Alyssa and Sierra do not discuss the dog’s ancestry, but Alyssa
    14·2 answers
  • The demand for organic produce is growing. Green Acres Farms grows only organic vegetables. In a SWOT​ analysis, the rising dema
    6·1 answer
  • Dividend growth rate is important to many investors. You are considering investing in a firm after looking at the​ firm's divide
    13·1 answer
  • Prepare an amortization schedule for a three-year loan of $114,000. The interest rate is 11 percent per year, and the loan calls
    7·1 answer
  • The following information was taken from the segmented income statement of Restin, Inc., and the company's three divisions: Rest
    12·1 answer
  • The owner of a bicycle repair shop forecasts revenues of $236,000 a year. Variable costs will be $69,000, and rental costs for t
    10·1 answer
  • Lindsay needs to purchase a car. The car Lindsay is planning on
    8·1 answer
  • Knowing what of the product life cycle a product is in helps marketers make intelligent and efficient marketing decisions?
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!