Answer: 2) increasing opportunity costs.
Explanation:
The Production Possibilities frontier is bowed out as it shows that for one more unit of a good to be produced, an additional unit of the other good must be given up.
This represents increasing opportunity costs because opportunity cost is the cost we incur for choosing one alternative over another. By producing more and more of one good, we give up more and more of the other good which means that our opportunity cost rises.
D I think is correct answer.
Answer:
The employer wins because he is acting on court orders.
Explanation:
Discrimination in the workplace is a punishable offense by the law. This act of promoting one female for every male promoted is a remedy to being found guilty of discrimination by the court.
In this case where he has been sued again for reverse discrimination, he (employer) is going to win this particular one because he was only acting on court order. The one female for every male was imposed on him by the court. So he is protected from this reverse discrimination accusations by his disgruntled employees.
With the absence of the options to choose from, lets look at general results of using cost-benefit analysis.
Explanation:
using cost-benefit analysis is a strategic way of making decisions based on cost and benefit solely.
Ideally any investment or strategic decision to be made by an institution needs a cost-benefit analysis.
This is done by listing all the projected resources needed to take up the strategic objective and costed. After which another list is made of the potential benefit that is likely to come to the organisation.
When the two is compared we say <em>you are making cost-benefit </em>analysis.
More often without secondary reasons, the option with the highest benefit over cost is chosen.
This cost and benefit analysis are made both qualitatively and quantitatively.
Quantitatively methods such as NPV are used.
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Answer:
(a) $190,000
(b) $635,000
(c) $625,000
Explanation:
(a) Cost of material Consumed:
= Opening Stock of material + Purchases - Closing Material
= $1,20,000 + $200,000 - $130,000
= $190,000
(b) Total Manufacturing cost:
= Direct Material + Direct labor + Overhead
= $190,000 + $120,000 + $325,000
= $635,000
(c) Cost of goods manufactured:
= Total Manufacturing cost + Work in progress Beginning - Work in progress End
= $635,000 + 80,000 - 90,000
= $625,000