Answer:
A. a nation's production possibilities frontier represents economic growth
Explanation:
A production possibilities frontier shows the idea that in a given economy, factors of production such as land and capital are scarce.
When there is an OUTWARD SHIFT in the PPF curve, it shows that there's increase in factors of production, meaning the economy is able to produce more goods which invariably represents economic growth.
When there's an INWARD SHIFT in the PPF, it means there's low amount in the factors of production which will lead to decrease in the amount of goods produced.
Answer:
Total overhead= $21,400
Explanation:
Giving the following information:
Variable manufacturing overhead per unit= $1.60
Fixed manufacturing overhead= $3.00*5,000= $15,000
4,000 units are produced
<u>Because the production level is between the relevant range, the total fixed costs remain constant.</u>
Total overhead= 1.6*4,000 + 15,000
Total overhead= $21,400
Answer:
The correct answer is A114,000
Explanation:
9,000×$100=900,000
900,000×7%=63,000
$240,000- (63,000×2) = $114,000
Vacation/recreation/fun expenses is not a fixed cost
Going beyond the minimum requirements set by the Food and Drug Administration; they have personal responsibility for ethical behavior.This is most closely relates to the business ethics programs.
<u>Explanation:</u>
- Business ethics is said to be art and science which helps in maintaining a harmonious relationship with the society and the business conduct of social responsibility.
- These business ideas generally emphasize general business ideas to business behavior.
- It is applicable to all business conduct and to the entire organization along with the individual's conduct.