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Marysya12 [62]
3 years ago
13

Which statement is true? A. In economics, land refers to all the natural resources found on land alone. B. In economics, capital

includes only tangible objects used for production. C. A point on the PPC indicates maximum utilization of available resources. D. A point under the PPC indicates overutilization of available resources.
Business
1 answer:
jekas [21]3 years ago
6 0

Answer: C

Of the four statements, only C is true.

In economics, land refers to all the natural resources found not on land alone. In economics, capital includes not only tangible objects used for production but also intangible.

A point on the PPC (Production Possibilities Curve) indicates maximum utilization of available resources, while a point under the PPC indicates inefficient and not overutilization of available resources.

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Best Value Hardware Stores, a national chain, has established strict policies about the conditions under which a customer can re
TiliK225 [7]

Answer:

business rules

Explanation:

Business rules define how a business will execute a certain process. For example, establishes the conditions where products can be delivered without any extra charge or fee: if the purchase amount is over $500, or within a 5 mile radius.

It establishes the parameters at which the business will operate. An employee should always be able to determine if a business rule allows or not a process to be performed, no gray areas should exist. Following with our previous example, if the purchase adds up only $450, then a delivery fee should be charged, or if the customer lives 7 miles away.

7 0
3 years ago
The model of competitive markets relies on these three core assumptions:
Karolina [17]

Answer:

B. No, no free entry

Explanation:

With a patent granted to one pharmaceutical company to produce and sell an experimental AIDs drug, all doors of free entry and exit have been locked against other pharmaceutical companies.  This implies that one of the major ideals of a competitive market is violated.  Without free entry and exit, there cannot be many sellers, and we cannot discuss about the possibility of firms producing identical products because there is only one drug.

4 0
3 years ago
Suppose the growth of production in Country B follows Solow Model. Country B's production function is Y = F(K,L) = K0.5 L0.5 . C
BartSMP [9]

Answer:

80

Explanation:

Given the Solow Formula Y = K^{0.5} *L^{0.5} in the question, we have:

Capital K = 64

Labors L = 100

Substituting the number for K and L into the equation, we have:

Y=64^{0.5} *100^{0.5}

Y = 8 * 10

Y = 80

Please Note:

Country B's production function is Y = F(K,L) = K0.5 L0.5 is not correctly stated as the real Solow Model using equation format in the question. This has therefore been done under the explanation above and now correctly stated as Y = K^{0.5} *L^{0.5} .

3 0
4 years ago
On January 1, 2024, Ball Co. exchanged equipment for a $500,000 zero-interest-bearing note due on January 1, 2027. The prevailin
Xelga [282]

Answer:

The amount of interest revenue that should be included in Ball's 2025 income statement is $41,250

Explanation:

Rate of interest  January 1, 2024 = 10%.

Present value of $1 at 10% for three periods is 0.75.

Present value of notes receivable = $500,000 × 0.75 = $375,000  

Interest recognized in 2024 = $375,000 × 10% = $37,500  

Interest recognized in 2025 = $(375,000+37,500) × 10% = $41,250

4 0
3 years ago
You own a coffee shop where a cup of coffee sells for $2.99. Your cost on the cup of coffee is $0.90. Calculate the margin
Pepsi [2]

Answer:$2:09

Explanation:  If you subtract the 2 you will get your answer! :)

(Sorry I just read the question wrong)

3 0
3 years ago
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