Answer:
WWW = indicates that the website the World Wide Web
Domain Name= indicates the type of organization that the website belongs to
Resource ID = indicates where the file resides on a web server
Server Name= indicates name of the server that hosts the website
Explanation:
As the benefit of consuming more of a good falls with each additional unit, the price consumers are willing and able to pay also falls with increased consumption. this scenario describes a downward-sloping demand curve
<h3>What is a Demand Curve?</h3>
This refers to the graph or pictorial representation that shows how the demand for a commodity or service varies with changes in its price.
Hence, we can see that As the benefit of consuming more of a good falls with each additional unit, the price consumers are willing and able to pay also falls with increased consumption. this scenario describes a downward-sloping demand curve
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Answer:
Implicit costs are opportunity costs. They are the cost of the next best alternative that one could have taken from the one they took.
Explicit costs are normal accounting costs which represent the expenses involved in running a business.
a. The wages and utility bills that Charles pays. EXPLICIT COSTS.
These are normal accounting expenses so they are explicit costs.
b. The wholesale cost for the guitars that Charles pays the manufacturer. EXPLICIT COSTS.
Another cost of doing business so this is explicit as well.
c. The rental income Charles could receive if he chose to rent out his showroom. IMPLICIT COST.
By not renting out his showroom and using it instead, he is losing the rental income he could be making so this is an implicit cost.
d. The salary Charles could earn if he worked as a financial advisor. IMPLICIT COST.
Another income he could be making if he wasn't selling guitars. This make it an implicit cost.
Answer:
Growth in labor force
Improved pizza-making technology
Explanation:
Production possibilities frontier (PPF) is the various ways or possible ways (combination) whereby two goods that can be produced in a certain period of time under the conditions of a given state of technology and well equipped resources. Productive efficiency of a goods is the condition where the maximum output is produced with the already laid down resources and technology available. It is said to be a curve that depicts the maximum quantity of one good that can be produced for each maximum number or quantity of another good produced.
Answer:
Sales= $3,000,000
Explanation:
Giving the following information:
It expects to sell 10,000 mattresses in the current year and had 1,000 mattresses in finished goods inventory at the end of the previous year. Armando would like to complete operations in the current year with at least 1,250 completed mattresses in inventory. There is no ending work-in-process inventory. The mattresses sell for $300 each.
Production:
Sales= 10,000
Ending inventory= 1,250
Beginning inventory= (1,000)
Total= 10,250
Sales= 10,000*300= $3,000,000
