Answer:
E) bowed out shape of the production possibilities frontier.
Explanation:
The production possibilities frontier curve is usually has a bowed out shape because as the production of one of the products increases, the opportunity cost of producing the other product also increases.
As shown in the attached image, as the production of Y increases, the opportunity cost of producing X will also increase, giving the curve a bowed shape. The same happens to the opportunity cost of producing Y when the production of X increases.
The average price of a house in the u.s. is $265,000. this statement describes an Inferential Statistic.
Statistical inference is the technique of using information analysis to infer houses of an underlying distribution of possibility. Inferential statistical evaluation infers homes of a population, for instance by trying out hypotheses and deriving estimates.
Inferential facts are regularly used to evaluate the differences between the remedy businesses. Inferential facts use measurements from the pattern of topics within the test to evaluate the treatment organizations and make generalizations approximately the bigger population of subjects. inferential statistics are used to decide if there's a good-sized distinction between the method of businesses and the way they're associated. T-tests are used while the facts sets comply with a regular distribution and have unknown variances, just like the records set recorded from flipping a coin one hundred instances.
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The answer is the product’s quality. It is because the overall
quality of the product is the main reason why consumers want to buy the product
because the quality is the characteristic of the product possess and this will
greatly affect the consumers, especially if they like the product’s quality.
Answer:
909.09
Explanation:
Breakeven quantity are the number of units produced and sold at which net income is zero
Breakeven quantity = fixed cost / price – variable cost per unit
$20,000 / 58 - 36 = 909.09
New world discovery build an interdependent global economic system where each continent relied on the others to thrive. Role of Europe was to supply markets, capital, technology, Africa was to supply labor and America supplied raw materials (like metal and soil for sugar cane)
More about interdependent economic system:
Economic interdependence refers to the mutual reliance of those involved in an economic system who trade in order to receive the goods they are unable to create effectively on their own.
Such trading connections demand that a participant's actions have an impact on its trading partners, and it would be expensive to end the relationship.
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