Answer: Straight line PPF, Opportunity cost is constant.
Explanation:
The PPF for Sweden is downward sloping straight line which depicts that the resources that are used in the production of these two goods are not specialized and the same set of resources is equally useful in producing both smartphones and tablets. Thus, Sweden's opportunity cost of producing more smartphones and fewer tablets should remain constant.
Answer:
COGS= $11,600
Explanation:
Giving the following information:
Beginning inventory= 735 units for $8
During February the company produced 700 units for $12 per unit.
Units sold= 1,100
<u>Under the LIFO (last-in, first-out) method, the cost of goods sold is calculated using the cost of the last units produced.</u>
COGS= 700*12 + 400*8
COGS= $11,600
"Periodic inspection relates to weekly or monthly inspections; 100% inspection applies to tasks that are critical to mission safety; contractor metrics rely on the contractor’s quality control; third party audits are used to inspect services that handle government funds; and customer feedback is related to random customer complaints" is correct
Explanation:
While regular inspections can be subjected to weekly or monthly schedules, the project protection is not a concern, and 100% inspection is therefore carried out.
With regards to the indicators of the contractor, the dependence on the quality assurance of the contractor is beneficial, as in the context of adequate oversight, although government funding is vital of itself, third-party accountants are involved to prevent some bias and a representative sample of customer complaints is necessary in the case of the customer's input to examine the performance widely
Answer:
The correct answer is the option A: Is less likely to advocate expansionary fiscal policy when the economy is in a recessionary gap than Jones, who believes the economy is not self-regulating.
Explanation:
On the one hand, in the macroeconomics theory when it comes to terms of self-regulating it means that the economy does not need the intervention of the government in order to act properly and satisfy everyone in it.
On the other hand, when it comes to expansionary policy the term is most likely to belong to a situation in where the government does intervene in the economy and therefore that it will try to expand the taxes or other fiscal rates that will improve the collection of the state itself.
And that is why that if Smith believes in self-regulating economies then he will not be in favor of a expansionary fiscal policy in a recessionary gap because he will believe that the economy will fix itself in the right time.
Answer:
a. 3 cases
Explanation:
Given that
Number of cases sell in a week = 4 cases
Together the cases sold is 7 cases in a week
Based on the information, the atul marginal product is 3 cases as the marginal product refers to the additional per unit to the extra labor hired
The three cases is come from
= Together cases sold - Number of cases sell in a week
= 7 cases - 4 cases
= 3 cases