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4 years ago

A. Draw a production possibilities curve for a hypothetical economy producing capital and consumer goods.

Business

1 answer:

solniwko [45]4 years ago

8 0

Answer:

See the attached and the explanation below.

Explanation:

a. A production possibility curve (PPC) refers to a curve that displays different combinations of the maximum output of two goods that can be produced from a given or fixed amount of input and technology.

An example of PPC is figure (A) in the attached document.

b. When there is a major technical breakthrough in the capital goods industry and the new technology is widely adopted only in this industry, it will make the PPC to rotate outward at the capital good axis only, while consumer good axis will remain the same (see the curve and the arrow in Figure B in the attached). This implies that the break has enabled the economy to produce more of capital goods while consumer goods production level remains the same.

c. When there is a technological advance in consumer goods production, but not in capital goods production, it will make PPC to rotate outward at the consumer good axis only, while capital good axis will remain the same (see the curve and the arrow in Figure C in the attached). This implies that the break has enabled the economy to produce more of consumer good while capital good production level remains the same.

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What is martin suarez current physical address

pashok25 [27]

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Explanation:

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3 years ago

Read 2 more answers

ABC Company’s budgeted sales for June, July, and August are 15,600, 19,600, and 17,600 units, respectively. ABC requires 30% of

igor_vitrenko [27]

Answer:

= $52,050

Explanation:

First, the question is as follows:

Calculate the number of pounds of raw material to be purchased in June

Solution

Step One: We determine what was produced in June and in July as follows

Budgeted Production = Budgeted sales + The desired closing inventory of finished products - the estimated opening inventory of finished products

Budgeted Production in June= $15,600 + (0.3 x 19,600) - $4,680 (This is the ending inventory figure from May) = $16,800

Budgeted Production in July= $19,600 - (17,600 units x 0.3)- $5,880 (this is the opening inventory calculated for June above) = $19,000

Step 2 : Determine the Purchased raw materials for June

= (Production in June x 3) + Production in July x 3 x 0.25) - (Production in June x 3 x 0.25)

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3 years ago

Zhao Co. has fixed costs of $378,200. Its single product sells for $179 per unit, and variable costs are $118 per unit. Compute

Lunna [17]

Answer:

8,200 units

Explanation:

Given that,

Fixed costs = $378,200

Selling price = $179 per unit

Variable costs = $118 per unit

Target (pretax) income = $122,000

Contribution margin:

= Selling price - Variable costs

= $179 per unit - $118 per unit

= $61 per unit

Unit sales at a desired profit of $122,000:

= (Fixed expenses + Target profit) ÷ Contribution margin

= ($378,200 + $122,000) ÷ $61 per unit

= $500,200 ÷ $61 per unit

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3 years ago

You set up an IRA with an APR of 2.5% at age 35. At the end of each month, you deposit $102 in the account. How much will the IR

Cerrena [4.2K]

The formula of the future value of annuity ordinary is

Fv=pmt [(1+r/k)^(kn)-1)÷(r/k)]
Fv future value?
PMT monthly deposits 102
R interest rate 0.025
K compounded monthly 12
N time 65−35=30 years

Fv=102×(((1+0.025÷12)^(12
×30)−1)÷(0.025÷12))
=54,607.49

Hope it helps

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3 years ago

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Elenna [48]

Answer:

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Explanation:

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3 years ago