Answer:
a. increasing opportunity costs as more and more of one good is produced
Explanation:
A production possibility frontier is a curve that shows the two combinations of goods an economy can produce given that its resocurces are fully employed.
The production possibility curves is bowed outwards because of increasing opportunity costs as more and more of one good is produced.
If more of one good is to be produced, more of the second good would be given up to increase the production of the first good.
The attached image is the graph of a production possibility frontier. At point A, the maximum amount of good X is produced with zero quantity of good Y. To increase production of good Y and move to point B, some quantities of good X would be given up. To further increase the production of good Y and move to point C, even more quantities of good X would be given up.
I hope my answer helps you
Answer:
C) Debit Cash $2.02 million; Credit Other financing sources $2.02 million
Explanation:
<u>A private firm will reocrd as follow:</u>
As the bonds are sold at a higher price than their face value we recognize a premium which will be amortized over the life of the bond.
<u><em>But in this case, we are doing a public accounting thus,</em></u> we must record the cash received and credit other financing sources for the whole amount funded.
Answer:
c. cost-leadership strategy
Explanation:
Contour Autos tend to decrease the price of the product and that the quality served of the product is acceptable and not degraded. In this manner as against the normal industry the company supplies same quality goods at lower prices.
This decreases the cost for consumers and therefore, it is termed as Cost-Leadership strategy.
The Company tends to lead in the market through lower cost of goods supplied with the same quality.
A pure market economy in a theoretical concept in that it has never really existed. In a pure market economy producers create what they want at a price consumers will pay. Consumers pay what they want. The key is no regulation.
Answer:
Dell's Production After Adjustment will be 2,041 units
Explanation:
According to the given data we have that Dell forecast for sales is 1856 and there considering the 10% reserve first we would need to calculate the number of units after the reserve of 10% as follows:
10% reserve units=0.10×1856=185 units
Therefore, total required units=1,856+185
total required units=2,041 units
Dell's Production After Adjustment will be 2,041 units
