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yawa3891 [41]
3 years ago
9

If a ppf has a negative slope and is bowed​ out, we experience​ ________ opportunity costs as we continue to move down and to th

e right along the curve.
Business
1 answer:
Snowcat [4.5K]3 years ago
4 0

Answer:

Explanation:

Production possibility frontier (ppf) is a graph which shows the existence of opportunity cost of moving from one combination of goods to another . Its slope is always negative and bowing out or downward sloping because opportunity costs always diminish or go down due to law of diminishing marginal return.

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Lilliput is a country that has closed borders and does not import or export any goods or services; hence, they do not worry abou
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Answer:

$0.12 billion; a budget surplus

Explanation:

Given that,

Total spending for the last fiscal year = $4.71 billion

Tax collected during the same fiscal year = $4.83 billion

Government transfers = $0

Lilliput's budget balance:

= (Taxes - Government transfers) - Total spending of government

= ($4.83 billion - $0) - $4.71 billion

= $0.12 billion

Therefore, the Lilliput has a budget surplus during the last fiscal year because of the positive budget balance.

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What would be the double entry for an issue of indirect production materials? Select one: a. Dr Material control account Cr Fini
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Answer:

b. Dr Production overhead control a/c Cr Material control account.

Explanation:

Indirect material in the production process is defined as those input that cannot be directly traced to the product. They are different from direct materials like raw materials that are used to make the product.

Indirect materials are classified as overhead.

The double entry for issue of indirect materials is:

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Note direct production materials and indirect production materials are credited to material material control account on purchase.

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3 years ago
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dsp73

Answer:

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A reason why marketing intermediaries such as transport companies and wholesalers have survived is that they
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A reason why marketing intermediaries such as transport companies and wholesalers have survived is that they :Add enough value to products to outweigh the added costs.

<h3>What is  marketing intermediaries?</h3>

Marketing intermediaries can be defined as the people that acts as a link between a manufacturer and consumer.

This Marketing Intermediaries perform important functions as they assist companies or organization to market and sell their product and to as well distribute products from the manufacturer to  end user.

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By definition a discontinuous innovation requires a large amount of learning on the part of users and creates new market and consumption patterns.

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Here a new product which is totally different from the previous one is launched. This would make the user to have a change in their patterns of consumption.

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