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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.

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Jack works in a clothing store at the mall. He is paid on commission, so the more he sells the more money he makes. When a custo
Ann [662]

Answer:

Egoism

Explanation:

Jack reason follows the philosophy of egoism where he is always trying to act for his own benefits (commission). Jack acts humbly, and pay attention to his customers because it is in his best interests to make them like him, the cloth(es) and buy his clothing item(s). Jack is actually after his self interest.

6 0
3 years ago
What should be the price of a stock with a beta of 0.7 that just paid a dividend of $1.25 that is expected to grow at 4% if the
Montano1993 [528]

Answer: $32.05

Explanation:

Beta = 0.7

Dividend = $1.25

Growth rate = 4%

Risk free rate = 3%

Market return = 10%

Since, Required return = risk free rate + beta × (market rate - risk free rate)

We will then slot in the values and.this will be:

= 3% + 0.7 × (10% - 3%)

= 3% + (0.7 × 7%)

= 3% + 4.9%

=7.9%

The price of the stock will then be:

= D1/(Required return-Growth rate)

=1.25 / (0.079 - 0.04)

= 1.25 / 0.039

= $32.05

4 0
3 years ago
Profit is best described as Multiple Choice revenues plus expenses, less taxes. the funds available for business growth, after e
Rudik [331]

Answer:

the funds available for business growth, after expenses and salaries are paid.

Explanation:

Mainly profit is the earnings that calculated after paying all the types of expenses and it could be used for growing the business

So according to the given options the second one is correct as it represent that the profit is the fund that available for the growth of the business after pay off all the expenses

So the same is to be relevant

8 0
3 years ago
The primary difference between variable costing and absorption costing is
IgorLugansk [536]

Answer:

The correct answer is letter "D": in absorption​ costing, fixed manufacturing overhead is a product cost.

Explanation:

Absorption costing or full costing includes all costs related to the production process like the fixed costs. Variable costing, on the other hand, only includes the variable costs from the production. Absorption costing incorporates allocating fixed overhead costs of each unit produced during a certain period.

4 0
3 years ago
May 31, 2018 June 30, 2018Total Assets $211,000 $209,000Total Liabilities 133,000 99,000Begin by identifying the accounting equa
daser333 [38]

Answer:

a. $7,000

b. $39,500

c. $19,000

Explanation:

a. The computation of the net income or net loss is shown below:

= (June 30,2018 assets - June 30,2018 liabilities - contribution) - (May 31,2018 assets - May 31,2018 liabilities)

= ($209,000 - $99,000 - $25,000) - ($211,000 - $133,000)

= $85,000 - $78,000

= $7,000

b. The computation of the net income or net loss is shown below:

= (June 30,2018 assets - June 30,2018 liabilities + cash withdrawn) - (May 31,2018 assets - May 31,2018 liabilities)

= ($209,000 - $99,000 + $7,500) - ($211,000 - $133,000)

= $117,500 - $78,000

= $39,500

c. The computation of the net income or net loss is shown below:

= (June 30,2018 assets - June 30,2018 liabilities + cash withdrawn - contribution) - (May 31,2018 assets - May 31,2018 liabilities)

= ($209,000 - $99,000 + $22,000 - $35,000) - ($211,000 - $133,000)

= $97,000 - $78,000

= $19,000

6 0
2 years ago
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