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USPshnik [31]
3 years ago
10

A country produces computers and rice. If resources are fully employed and there is technological progress only in the productio

n of rice, the opportunity costs of producing computers and rice will change in which of the following ways
a. Computers: Increase / Rice: Increase
b. Computers: Increase / Rice: Decrease
c. Computers: No Change / Rice: Decrease
d. Computers: Decrease / Rice: Decrease
Business
1 answer:
kumpel [21]3 years ago
5 0

Answer:

b. Computers: Increase / Rice: Decrease  

Explanation:

Opportunity cost refers to the benefits foregone of non chosen option when an option is chosen out of all available options which includes the non chosen option.

At full employment level, resources are employed in the most efficient manner, then to increase the production of one good, certain resources need to be diverted which were earlier used in the production of other goods (assuming the country produces only 2 goods).

Thus, if technology progresses only in the production of one good, that would imply that now the production of such a good would be encouraged.

Hence, the opportunity cost of computers would increase whereas that of producing rise would decrease.  

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chubhunter [2.5K]

Answer:

Setup cost (S) = 1800

Holding cost (H) = 2.5

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a. Given production quantity Q = 10000

Holding cost = 1/2*[(p-d)/p]*QH

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b. Economic production Quantity (EPQ) = Q

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Holding cost = ((400-80)/(2*400))*6000 *2.5= 6000

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Total Cost = Annual Holding cost + Annual ordering cost = 6000 + 6000 = 12000

C. Cost difference between the current production schedule and the EPQ = 13600 - 12000 = 1600

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Answer:

is personally responsible for all partnership debts

Explanation:

COMPLETE QUESTION

A general partner:

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EXPLANATION

A general partner can be regarded as a person that joins with another person or join with more than one other person to form a business. A general partner is responsible for the actions that is been taken in the business, He or she is liable personally for all the debts as well as obligations in the business and can bind the business legally. It should be noted that A general partner is personally responsible for all partnership debts.

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