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frozen [14]
3 years ago
7

Your friend Sam has been asked to prepare appetizers for a university reception during homecoming weekend. She has an unlimited

amount of ingredients but only six hours to prepare them. Sam can make 300 mini-sandwiches or 150 servings of melon slices topped with smoked salmon and a dab of sauce per hour. Draw Sam's production posiibilities frontier.
Business
1 answer:
natita [175]3 years ago
8 0

Answer:

Downward sloping curve with 300 intercept on mini sandwich axis, 150 intercept on melon spices

Explanation:

PPC reflects production combinations (2 goods), which can be produced given same resources & technology. It is downward sloping because of inverse relationship between two goods, one good increase leads to other good decrease - given same resources & technology.

In this case, it is with analogous factors : production possibilities with respect to unlimited ingredients (resources), limited time. Although resources are given to be unlimited, PPC is likely to be downward sloping : because of inverse relationship between goods - based on time constraint (one good increase will withdraw time from other good & reduce it).

The PPC intercept on X & Y axis represents the maximum amount of that axis good, which can be produced. So: it has 300 intercept on mini sandwich axis, 150 intercept on melon spice axis.

The slope & shape of PPC depends on Marginal Opportunity Cost, which depends on relative efficiency of resources in two goods.

Resources equally efficient - Constant Good Sacrifise Ratio i.e MOC - PPC straight line. Resources unequally efficient - Increasing Sacrifise Ratio (from efficient to inefficient good) i.e MOC rising - PPC Concave. Increasing Sacrifise Ratio (from inefficient resources to efficient resources) i.e MOC falling - PPC Convex.

If MOC between mini sandwiches & melon spices is constant, PPC is straight line . If MOC between them is rising, PPC is concave. If MOC between them is falling, PPC is convex.

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Answer:

A television manufacturer can adopt a capital intensive production process.

Explanation:

A capital intensive means a production process in which a high proportion of investment in non current assets such as equipment, capital, etc. is used and a lower proportion of labor is used.

In a capital intensive production process, we have a low labor input, but will be highly productive in terms of output.

In a Television manufacturing company, it is advisable to use a capital intensive production process because of the industry involved. The broadcasting industry requires a capital intensive production process so as to minimize mistakes which might happen from labor.

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3 years ago
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qaws [65]

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This is a question on Entrepreneurship. The two sectors where Mama Meals plays are:

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<h3>What are the two reasons why Naisiadet might be described as an entrepreneur?</h3>

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3 0
2 years ago
Ronin is a manager for Luxe Letters, Inc., a firm that designs and manufactures greeting cards, invitations, announcements, and
garik1379 [7]

Answer:  FALSE

Explanation: In the given case Ronin is doing the recruitment function for the company which involves finding competent employees as per the organisation's needs and employing them at different jobs.

Controlling can be defined as the function under which management tries to achieve planned objectives by making employees working towards organisation's goals. In simple words controlling involves analyzing the current progress and take corrective actions if there are any deviations.

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3 years ago
During the preparation of the bank reconciliation for Building Concepts Co., Joel Kimmel, the assistant controller, discovered t
Andrews [41]

Answer:

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