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3 years ago

An economy's production possibilities frontier: Select one:

Business

1 answer:

Afina-wow [57]3 years ago

5 0

Answer:

The correct answer is c. is based on simplifying assumptions, but is still useful for illustrating scarcity, opportunity cost, and economic growth.

Explanation:

The production possibilities frontier (FPP) is a graphic representation of the maximum quantities of production that an economy can obtain in a given period using all the resources it has available.

In an economy that has thousands of products, the alternatives to produce one good or another and how much of each are very large. When an alternative is chosen, it means that other possibilities are being renounced. The relationship between what we choose and what we give up is the opportunity cost.

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Which term refers to selling commodities of similar grade and quality to two or more different buyers at different prices, withi

iren2701 [21]

Answer:

Price discrimination

Explanation:

Price discrimination is a method used by various firms; it is a selling system that charges clients different costs for similar items. They charge clients different prices and the prices depend on whatever the customer can pay. In unmodified price discrimination, the dealer charges every client the most extreme value the individual customer can pay. Under the Robinson-Patman Act of 1936, it is illegal to sell the same quality of products at different prices.

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4 years ago

Leonard is evaluating a $400,000 mortgage. He can get a 30-year 6 percent fixed-rate mortgage with principal and interest paymen

bija089 [108]

Points are an upfront charge by the lender that is part of the price of a mortgage. Points are expressed as a percent of the loan amount, with 2 points being 2%. On a $400,000 loan,

solutions

Loan Amount $400,000

Loan Term (in months) 360 months

mortgage I mortgage II

Interest Rate 6.000% 5.750%

Points 0.00% 2.00%

Loan Payment Amount $2,398.20 $2,334.29

Costs Over 30 — Year Period

Points Paid in Cash $0 $8,000 $($400000×2÷100)$

Monthly Costs -

Principal and Interest $863,348 $840,340

Lost Interest

On Points $0 $0

On Monthly Costs $0 $0

Total Costs $863,348 $848,340

Reduction in Loan Balance $400,000 $400,000

Total Cost Offsets $400,000 $400,000

Cost Net of Offsets $463,348 $448,340

Conclusions - Based on a 30 Year Holding Period

Over the next 30 years the High Interest / Low Points Loan Will Save You: $15,008

In Months, the Break-even Point Occurs in 1 months

In Years, the Break-even Point Occurs in 0.0833 years

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4 years ago

Economic systems seek to answer what key economic questions Select all that apply. How should goods and services be produced? Wh

Lynna [10]

All economic systems must answer the 3 basic questions:

1. What goods and services will be produced

2. How will the goods and services be produced?

3. Who will consume the goods and services?

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3 years ago

Fabri Corporation is considering eliminating a department that has an annual contribution margin of $35,000 and $70,000 in annua

aleksandrvk [35]

Answer:

Fabri Corporation is considering eliminating a department that has an annual contribution margin of $35,000 and $70,000 in annual fixed costs. Of the fixed costs, $25,000 cannot be avoided.

The annual financial advantage for Fabri Corporation of eliminating this department would be:

A. $10,000

Explanation:

Annual Contribution margin = $35,000

Annual departmental fixed costs = $70,000

Annual unavoidable fixed costs = $25,000

Therefore, the avoidable fixed cost (70,000 -25,000) = 45,000

Loss incurred by not eliminating the department = ($10,000)

b) Fabri Corporation will avoid incurring the loss amounting to $10,000 by eliminating the department. This implies that it will have some financial advantage by stopping the erosion of its profit margin from other departments.

3 0

3 years ago

When the world price of some good is above the domestic price (before trade), then after trade, that nation will likely be:

Rudiy27

Answer:

EXPORT

Explanation:

If the domestic price of a country for a good is lower than world price before trade, it mean that the country is producing that good efficiently - at a cheaper cost. After trade, the country would export the good, so that the world can produce more of the goods it produces efficiently.

If the world price is below domestic price of a country before trade, after trade, the country would import

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3 years ago

An economy's production possibilities frontier:​ Select one:

An economy's production possibilities frontier: Select one: