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Harman [31]
3 years ago
14

Smallville has a linear production possibility frontier in the production of good X and good Y. It can produce 6 of X per hour o

r 8 of Y per hour. Suppose it has 240 hours of labor and divides labor hours equally between production of good X and good Y. What is the MAXIMUM number of good Y it can produce in the time it has allocated to Y production?
Business
1 answer:
aliina [53]3 years ago
6 0

Answer:

The maximum amount of good Y produced will be 960.

Explanation:

Smallville has a linear production possibility frontier in the production of good X and good Y.

It can produce 6 of X per hour or 8 of Y per hour.  

It has 240 hours of labor and divides labor hours equally between the production of good X and good Y.

It means that both good X and good Y get 120 hours of labor each.  

The amount of good Y produced in 120 hours

= 120\ \times\ 8

= 960 units

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What's the question with the statement?
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To increase living standards, public policy should a. ensure a greater degree of equality, taking all income-earners into accoun
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c. ensure that workers are well educated and have the necessary tools and technology.

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Public policy is a policy made by the government to bring its decisions into actions with the help of public.

In order to increase the living standard , public policy should make sure that the workers working under the policy for the government are educated enough and they have proper knowledge about operating the necessary tools , equipments and technology .

5 0
3 years ago
Consider the following information about production in quarter 1 of 2019. Firm T produces 600 tires at a cost of $28 each, and s
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Answer:

$3,860

Explanation:

<u>Value of stock at the end of Firm T:</u>

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<u>Value of stock at the end of Firm B:</u>

Firm B has stock of 10 bicycles at the end of the year

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Value = Closing stock * Cost price of each bicycle

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8 0
3 years ago
If a firm borrows ​$8 comma 000 from households at an annual interest rate of 6 ​percent, how much will the firm pay in interest
laila [671]

Answer:

The firm will pay 480 dollars each year as interest payment.

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The interest amount is calculated by multiplying the rate of interest with the amount borrowed. In problem loan is 8,000 dollars and rate of interest is 6%, so the interest amount will be calculated as follow

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8 0
3 years ago
Home Security Systems is analyzing the purchase of manufacturing equipment that will cost $54,000. The annual cash inflows for t
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Answer:

This question does not include what you are required to do. I looked it up on the web and it is asking for the Internal rate of return (IRR)

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You can solve for IRR using a financial calculator and the cashflow "CF " function.  Key in the following inputs;

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7 0
4 years ago
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