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3 years ago

Answer the following statement true (T) or false (F).

Business

1 answer:

Mars2501 [29]3 years ago

5 0

Answer:

False

Explanation:

Igor did nothing wrong. He performed a reverse engineering process which is totally legal. A reverse engineering process happens when a manufactured object is deconstructed in order to find out how it was designed or manufactured.

This process is very similar to scientific research, only that it is carried out on man made objects.

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1. Improvements in technology.2. Increases in the supply (stock) of capital goods.3. Purchases of expanding output.4. Obtaining

Ghella [55]

Answer:

B. 3 and 4 only

Explanation:

The production possibilities curve (PPC) is also known as the production possibilities frontier (PPF) and its a curve which illustrates the maximum (best) combinations of two products that can be produce in an economy if they both depend on these factors;

1. Technology is fixed.

2. Resources are fixed.

Hence, the production possibilities curve (PPC) of an economy represents the maximum combinations of finished products available with fixed resources and technology.

This ultimately implies that, the manufacturing or production of one item (product) is likely to rise or increase provided the production of the other item (product) falls or decreases.

Additionally, the production possibilities curve influences the choice of production used by companies and as such it helps to make the best decision regarding the optimum product mix for a company. This simply means that, all points in a production possibilities curve is efficient and optimal and as such all resources should be used to the fullest (efficiently).

Furthermore, purchases of expanding output and obtaining the optimal combination of goods, each having a least-cost production would move an economy from a point inside its production possibilities curve (PPC) to a point on its production possibilities curve (PPC).

Generally, production points inside the production possibilities curve (PPC) indicates that an economy isn't producing goods or services at its comparative advantage.

In Economics, comparative advantage can be defined as the ability of an individual or country to produce a specific good or service at a lower opportunity cost better than another individual or country.

The comparative advantage gives a country a stronger sales margin than their competitors as they are able to sell their specific products or render their peculiar services at a lower opportunity cost.

However, it is impossible to have production points outside of the production possibilities curve (PPC).

6 0

3 years ago

How to do a research paper?

saw5 [17]

Choose a topic.
Read and keep records.
Form a thesis.
Create a mind map or outline.
Read again.
Rethink your thesis.
Draft the body.
Revise.

5 0

3 years ago

Read 2 more answers

Under the equity method, the receipt of cash dividends on an investment in common stock of vallerio corporation is accounted for

patriot [66]

Investment in Vallerio

6 0

3 years ago

Megan Corp. recognizes revenue over time to account for long-term contracts. At the date the contract is signed, the price is $6

Alika [10]

Answer:

a. $30,000 loss

Explanation:

Calculation to determine What is the amount of gross profit or loss that is recognized in year 2

First step is to calculate the Year 1 Cost to cost ratio using this formula

Year 1 Cost to cost ratio = 200,000 / ( Costs incurred + Cost to complete)

Let plug in the formula

Year 1 Cost to cost ratio= 200,000 / (200,000 + 200,000)

Year 1 Cost to cost ratio= 50%

Second step is to calculate the Gross profit or loss using this formula

Gross profit/Loss = 50% * ( Price - estimated cost to complete)

Let plug in the formula

Gross profit/Loss= 50% ( 600,000 - 400,000)

Gross profit/Loss= $100,000

Third step is to calculate the Year 2 Cost to cost ratio

Using this formula

Year 2 Cost to cost ratio = 350,000 / ( Costs incurred + Cost to complete)

Let plug in the formula

Year 2 Cost to cost ratio = 350,000 / (350,000 + 150,000)

Year 2 Cost to cost ratio = 350,000 / 500,000

Year 2 Cost to cost ratio = 70%

Now let calculate the gross profit or loss using this formula

Gross profit = 70% * ( Price - estimated cost to complete) - Previous Gross

Let plug in the formula

Gross profit= 70% ( 500,000 - 400,000) - 100,000

Gross profit= -$30,000

Gross Loss of $30,000 in Year 2

4 0

3 years ago

5. A firm currently produces its desired level of output. Its marginal product of labor is 400, its marginal product of capital

gizmo_the_mogwai [7]

Answer:

Explanation:

Firms will hire more labor when the marginal revenue product of labor is greater than the wage rate, and stop hiring as soon as the two values are equal.

7 0

4 years ago