Answer:
The fact that there are only two goods produced in this theoretical economy is a simplifying assumption that still allows economists to demonstrate key economic concepts.
Explanation:
PPF model the production possibility frontier states that two types of goods can be produced, at any given time of production, and for certain resources provided.
This clearly states the thought and simplifies the understanding of economy, based on two products to be produced from same restricted resources.
Though, the results of this curve are applicable to real world goods, where the nature and number of goods both are complex.
Therefore, the correct statement is:
As stated in answer.
Answer:
Sophie is a little hesitant and unsure about accepting the game because legally it would be considered _________. B. Pirated software
Explanation:
A term used to describe the act of illegally using, copying or distributing software without ownership or legal rights.
A software pirate is someone who is engaged in software piracy. Software piracy is the general principle of unauthorized use or access of software products and services.
Answer:
The company’s inventory be reported on the balance sheet as $3,150.
Explanation:
GAAP and IFRS requires that the inventory of the company should be recorded as Lower cost and Net realizable value of the inventory.
According to given data
Available Inventory = 210 units
Cost of Inventory = 210 units x $20 = $4,200
Net realizable value is the value of the inventory which can be recovered on the immediate sale. the current market value of the inventory is $15.
So,
Net realizable value is = 2,100 units x $15 = $3,150
As the Net realizable value is lower than the cost of the inventory, $3,150 should be reported as inventory on the balance sheet.
Answer:
D) It invests heavily in advertising and brand building.
Explanation:
One of the greatest step to take in establishing a strong presence in the market place is putting in great efforts towards innovative advertising and ensuring one's brand is built strong, that way, there is established trust and consumers will stay faithful to your brand.
1 thing is the amount of electric conductors around it
