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
Sergio [31]
3 years ago
15

Which of the following is NOT an assumption that economists make when developing a production possibilities frontier (PPF)?

Business
1 answer:
marta [7]3 years ago
4 0

Answer:

Option D

Explanation:

Because it is not one of the key assumption underlying ppf

You might be interested in
In a long-run equilibrium,
Serga [27]

Answer: Option (d) is correct.

Explanation:

Correct option: Only a perfectly competitive firm operates at its efficient scale.

In the perfectly competitive market and in the long run, the firms who are making losses will exit the market and those firms who are able produce at a point where price is equal to the average total cost will exist in the market.

However, monopolistic firms operates at a below efficient level of production and with an excess capacity.

Competitive firms are generally enjoys the productive efficiency in the long run because these firms have the capability to produce at a lower average total cost.

8 0
2 years ago
The United States imposes a tariff on electronics imported from China. Which would be a result? China stops marketing all produc
Paraphin [41]
1)The price from the electronics from China goes up
2)People might start buying domestically made electronics because of cheaper prices.
5 0
3 years ago
Read 2 more answers
In the long run, assuming that the owner of a firm in a competitive industry has positive opportunity costs, she a. should exit
Svetradugi [14.3K]

Answer:

c. will earn zero economic profits but positive accounting profits

Explanation:

A competitive industry is characterised by many buyers and sellers of homogenous goods and services.

There are no barriers to entry and exit of firms. If firms in a competitive industry earn economic profit in the short run, firms enter into the industry in the long run and economic profit falls to zero.

A competitive firm earns accounting profit but doesn't earn economic profit.

Accounting profit = Revenue - Cost

Economic profit = Accounting profit - Opportunity cost

I hope my answer helps you.

5 0
3 years ago
9. A bank loaned York Construction Company $35,000 on a 1-year, 6% note, but deducted the interest in advance. The journal entry
Rudiy27

Answer: The correct answer is c. increase in Discount on Notes Payable for $2,100.

Explanation: 6% of $35,000 for a year is $2,100. From the facts in the question, the Bank deducted the interest in advance, this means the net cash York Construction Company got was $35,000 - 2,100 = $32,900 but note that this does not change the principal amount obligation the Company is obliged to pay the bank, which remains $35,000. What the Company needs to do is to recognize the $35,000 as Notes Payable (Debit Cash and Credit Notes Payable) and recognize a Discount on Notes Payable of $2100 (Debit Discount on Notes Payable and Credit to Cash). Subsequently, based on the 1-year tenor, the Company would unwind the discount to finance charge / interest expense as $2,100 / 12 = $175 monthly (Debit Interest expense; Credit Discount on Notes Payable).

4 0
3 years ago
Paint packaged in aerosol cans is dangerous because it has a risk of ___________.
12345 [234]
Exploding i’m pretty sure lol
3 0
3 years ago
Other questions:
  • Excerpt from Areojet Corporation Per Unit Per Month Selling price $ 200,000 Direct materials 40,000 Direct labor 10,000 Variable
    15·1 answer
  • Globalization is allowing countries to _________ many of their employers, particularly those in labor intensive, low paying indu
    5·2 answers
  • Cracker Corporation began a special promotion in July 2016 in an attempt to increase sales. A coupon was included in various pri
    11·1 answer
  • Wildhorse Co. purchased machinery on January 1 at a list price of $450000, with credit terms 2/10, n/30. Payment was made within
    11·1 answer
  • What is the difference between finance and accounts​
    10·1 answer
  • Robert has a passion for making ice cream. Assume that ice cream parlors have a market structure of monopolistic competition. Be
    14·1 answer
  • Smith has applied overhead of $73,000 and actual overhead of $87,600 for the month of November. It applies overhead based on dir
    5·1 answer
  • The primary purpose of measuring the overall level of prices in the economy is to
    5·1 answer
  • A $1,000 par bond with a semi-annual coupon and 12 years to maturity is currently priced $880 and has a yield to maturity of 5.3
    15·1 answer
  • What is the target of SEO service?
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!