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Ray Of Light [21]
3 years ago
7

On a production possibilities​ frontier, 500 pounds of apples and​ 1,200 pounds of bananas can be produced while at another poin

t on the same​ frontier, 300 pounds of apples and​ 1,300 pounds of bananas can be produced. Between these​ points, what is the opportunity cost of producing a pound of​ bananas?
Business
1 answer:
klasskru [66]3 years ago
5 0

Answer:

The opportunity cost of producing a pound of bananas is 2 pounds of apples.

Explanation:

At a point on the production possibilities frontier, 500 pounds of apples and 1,200 pounds of bananas are being produced.

When quantity of bananas is increased by 100 pounds from 1,200 to 1,300 pounds, the quantity of apples declined by 200 pounds, from 500 pounds to 300 pounds.

The opportunity cost of producing a pound of bananas

= \frac{What\ is\ sacrificed}{What\ is\ gained}

= \frac{200}{100}

= 2 pounds of apples

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Answer:

<em>Acquisition of a subsidiary on January 23, Year 2. Negotiations had begun in December of Year 1.</em>

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The holding company's sale did not take place until the end of the year.

Therefore, the transaction only included disclosure of the note, not acknowledgement in the statements.

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3 years ago
Stacey is writing up rules for how to answer the phone at the new office. These rules are given
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4 0
2 years ago
Refer to Exhibit 3-9. Consumers view X and Y as substitutes. If the price of Y increases as a result of a decrease in the supply
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Answer:

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Similarly, If X & Y are substitutes - Increase in price of Y makes it relatively expensive, reduces its demand & increases X demand by making it  relatively cheaper (shifts demand curve rightwards).

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3 years ago
Potential businesses owners need to begin by asking what important question?
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6 0
3 years ago
In comparing the canceled checks on the bank statement with the entries in the accounting records, it is found that check number
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Answer:

b. $180 increase to Cash and a $180 decrease to Utility Expense

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