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kupik [55]
3 years ago
15

If the general education level within a country rises significantly over time, it is likely that: the country’s production possi

bilities curve will shift in. the country’s production possibilities curve will become convex to the origin. the country’s production possibilities curve will not change in any way. the country’s production possibilities curve will shift out. the country will move to a different point along its current production possibilities curve.
Business
1 answer:
kiruha [24]3 years ago
6 0

Answer: Option (D) is correct.

Explanation:

Correct: The country’s production possibilities curve will shift out.

The production possibility frontier shows different combination of two goods that are to be produced with the available resources. It also shows the point on the curve which represents the efficient level of quantity to be produced.

So, if there is any improvement in the factors such as technology advancement and level of education will generally results in higher economic growth and increase in the level of output.  

Hence, there is an outward shift in the production possibility frontier.

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Deffense [45]

In order to determine average variable cost, the firm's variable costs are divided by the amount of output.

<h3><u>What is average variable expense formula?</u></h3>

The variable cost per unit in economics is the average irregular cost. By dividing the overall variable cost by the output, one may get the average variable cost. In the near term, the businesses utilize the average changing cost to choose when to end their presentation.

<h3><u>How do you calculate variable cost examples?</u></h3>

More specifically, the two primary categories of variable costs—total labor costs and total material costs—combine to form unstable costs. As an alternative, variable costs may be calculated by dividing the cost per unit by the overall quantity produced.

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4 0
2 years ago
Madison Davidson negotiated for a $30,000 loan with $200 monthly payments, plus 9 percent interest. In this case, what is the mo
Julli [10]

Answer:

$225

Explanation:

Remember, the interest rates of a loan are spread out equally each month.

Therefore, we calculated the value of the total interest in dollars for a year:

30,000/100 x 9 = $2,700 (annual interest in dollars)

Next, we divide the annual interest in dollars by 12 to get the value from the first month:

$2700/12= $225 (First month interest in dollars)

4 0
3 years ago
How should factory overhead variances be treated in a journal entry to apply factory overhead?
AURORKA [14]

Factory overhead variances should be broken out into their individual components and reported separately as either debits or credits to their individual variance accounts should factory overhead variances be treated in a journal entry to apply factory overhead

Credit is generally defined as an agreement between a lender and a borrower. Credit also refers to the creditworthiness or credit history of an individual or entity. In accounting, loans can reduce assets or increase liabilities, and can reduce expenses or increase income.

One credit is equivalent to a 30-second voice message. A voice message can be recorded for up to 120 seconds. The longer the voice message, the more credit you will get for shipping per phone number. 1-30 seconds = 1 credit per phone number.

An example of credit is a celebration for graduating from medical school while working two jobs. Examples of loans are amounts that are available in a bank account or credited to a checking account. An example of credits is the number of English courses required for a degree.

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5 0
2 years ago
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Alina [70]

Answer:

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A warewashing machine and/or the compartments of sinks/basins must be cleaned:
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On a day to day bases, as well with non harmful cleanser
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