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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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zvonat [6]

Answer:

A stake in a business is partial ownership or a position in which you stand to gain when the company performs well.

5 0
2 years ago
If nominal GDP rises we can say that A. production has risen or prices have risen or both have risen. B. prices have risen and p
Svet_ta [14]

Answer:

All the options are possible:

  • A. production has risen or prices have risen or both have risen.
  • B. prices have risen and production remains constant.
  • C. production has risen and prices remain constant.
  • D. production has fallen and prices have risen.

Explanation:

Nominal gross domestic product (GDP) represents the market value of all the new and legal goods and services produced within a country during a given period of time (generally a year). Since it is not adjusted to inflation (real GDP is), an increase in nominal GDP may result from higher inflation or higher production, or a combination of both. Only if adjusted to inflation (real GDP) we can know if the increase resulted from higher production.

4 0
3 years ago
Alice and Bob entered into a forward contract some time ago. Alice has the long position, while Bob has the short position. The
mart [117]

Answer:

$ - 1.96

Explanation:

After three months, Alice (long the contract) can buy the underlying by paying the delivery price of $40 which is $2 less than $42 the long position would have to pay if the contract was entered today.

DATA

Delivery price = $40

The three-month risk-free interest rate (with continuous compounding) =8%.

The current forward price = $42

Solution

So based on the present situation, Alice would be in $2 profit at the end of 3 months and Bob would be in $2 loss

Present value of Bob's loss (with continuous compounding) = 2\times e^{-0.08\times 0.25}

Present value of Bob's loss (with continuous compounding) = $1.96

The value of Bob's position is $ - 1.96

6 0
4 years ago
In the management process, if the planning is perfect, then there is no need for controlling. 
madreJ [45]

The assumption that if planning is perfect there is no need for controlling is false.

This is because controlling is a very vital and important part of

management. Controlling helps to organize the various factors needed in

the completion of a project. This helps to prevent and reduce mistakes to

the barest minimum that may arise as we are all prone to errors.

A management process without any form of control will result in the target

and exact instructions not being met or adhered to.

Read more on brainly.com/question/25453419

3 0
3 years ago
You have been given this probability distribution for the holding period return for KMP Stock State of the Economy Boom Normal R
Hunter-Best [27]

Answer: The answer is a

Explanation:

Using the formula

Expected Rate of Return = ∑(i =1 to n) Ri Pi

Where Ri = Return in scenario 1

Pi = Probability for the return in scenario 1

i = Number of scenario

n = Total number of probability and Return

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Expected Gain =(30 ×18) + (50 × 12) + ( 20 × -5)

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= 1,040

= 1,040 ÷ 100

= 10.4%

7 0
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