Answer:
c) movement from a point inside the curve to a point on the curve.
Explanation:
Option C is correct because the production possibilities curve shows the combination of goods produced by the economy efficiently and any point inside the curve shows the inefficiency of the economy while the point outside the curve shows that the economy can not achieve it. Therefore, change in economic inefficiency to efficiency leads to move point from inside to the point on the curve.
Answer:
Explanation:
Let we assume the number of CD produced be X
So, the total cost would be
C = Fixed cost + variable cost × number of CD produced
= $30,000 + $17X
For total revenue, it would b
R = $63X
For total profit, it would be
P = Selling cost per CD × number of CD produced - variable cost per CD × number of CD produced - fixed cost
= $63X - $17X - $30,000
= $46X - $30,000
For number of CD, it would be
0 = $46X - $30,000
X = $30,000 ÷ $46
= 652 CD for break-even
Answer:
(B) Analysis and design of work
Explanation:
HR functions , to resolve some problems like ,
- Recruiting the Right People for the Right Job profile
- Maintaining a Safe and healthy Environment
- Compensation and Benefits
- Employer-Employee Relations
Along with , listening to the complains and resolving them ,
As in this case , due to lack of clarity of the plan and resolving the conflicts at the work place .
The correct answer is 2.2 hours.
I<span>f Eva uses the earliest due date priority rule, the order of the dresses will be as follows: W (1 hour processing time, 1 hour due); Y (2 hrs processing time, 3 hrs due); V (3 hrs processing time, 5 hrs due); Z (5 hrs processing time, 7 hrs due); X (4 hrs processing time, 9 hrs due).</span>
It's easier to do the next step using real numbers. For example, if it's 11am now and W is due in 1 hour, then W is due at noon. If Y is due in 3 hours, then Y is due at 2pm, etc. Then, you need to use the processing time to see how long it will take to make the dresses. For example, since W takes one hour to process, it will be done by noon, its due date.
This means that W and Y will be altered on time, V will be 1 hour late, Z will be 4 hours late, and X will be 6 hours late. To find the average tardiness, add these extra hours (1+4+6) = 11, and divide by the total number of dresses (even the ones that weren't late) 5: 11/5 = 2.2 hours.
Answer:
d
Explanation:
A perfect competition is characterized by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.
In the long run, firms earn zero economic profit. If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.
Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.
Perfectly competitive market consists of a large number of firms, and each firm is small relative to the entire market. This makes firms unable to set the prices for their goods.
It is the monopoly and oligopoly market structure that is characterised by high entry and exit into the market
