All categories

3 years ago

Which of the following is a major difference between a budget constraint and production possibilities frontier?

Business

1 answer:

horrorfan [7]3 years ago

8 0

Answer:

Explanation:

The Production possibilities frontiers is a curve that shows the various combination of two goods a company can produce when all its resources are fully utilised.

The PPF is concave to the origin. This means that as more quantities of a product is produced, the fewer resources it has available to produce another good. As a result, less of the other product would be produced. So, the opportunity cost of producing a good increase as more and more of that good is produced.

So, the PPF exhibits diminishing return. The slope of the PPF is different at different points. this makes the PPF a curve

the budget constraint is a straight line that shows the various combinations of goods a consumer can consume given her income. the budget constraint is a straight line because the slope is constant at each point on the curve

Also, the slope of the budget constraint is the relative prices of the two goods

You might be interested in

Expound on the different forms of elasticities of supply

chubhunter [2.5K]

Answer:

The price elasticity of supply is the percentage change in quantity supplied divided by the percentage change in price. Elasticities can be usefully divided into five broad categories: perfectly elastic, elastic, perfectly inelastic, inelastic, and unitary.

Explanation:

8 0

2 years ago

The following information is available on a depreciable asset owned by Mutual Savings Bank:

BARSIC [14]

Answer:

$4366.67

Explanation:

Given: Asset book value on july 1, year 3= $57800

Salvage value= $5400

Useful life left= 6 years.

Now, computing the depreciation expense under straight line method.

Formula; Depreciation= $\frac{Asset\ book\ value - salvage\ value}{useful\ life}$

Useful life in months= $6\times 12= 72\ months$

Next, Depreciation expense= $\frac{57800-5400}{72} = \$ 727.77$

∴ Monthly depreciation expense= $ 727.77

Depreciation expense for last six months of year 3= $727.77 \times 6= \$ 4366.67$

∴ Depreciation expense for last six month of year 3 is $4366.67.

3 0

3 years ago

The purpose of this category of interview questions is to explore the applicant’s past performance and behaviors.

blondinia [14]

Answer:

the correct answer is a. General information questions

Explanation:

many areas of a candidate are evaluated during an interview for a specific job or a position. among these tested areas are health, IQ, creativity, team working capacity, individual decision making ability, aptitude and the past performance and achievements.

general information question are inclined to obtain the past performance and actions of an employee. this allows the business to evaluate the individual and how he or she will react during the course of work in their job in the future.

3 0

3 years ago

Read 2 more answers

Fogerty Company makes two products, titanium Hubs and Sprockets. Data regarding the two products follow:

Oliga [24]

Answer:

Hubs Sprockets

Direct Materials 29 17

Direct Labor 13.3 5.7

Overhead 14.65 0.24

Unit Cost 56.95 22.94

Explanation:

Labor:

Hubs: 0.7 hours per unitx 19 labor rate = $13.3

Sprockets 0.3 x 19 = $5.7

Direct Materials:

Hubs $29

Sprockets $17

Overhead rate

Activity Pool Hub Sprockets

Machine Setups 225 125(55.56%) 100(44.44%)

Special processing 3900 3900

Machine Setups

27,000 x 55.56% /13,000 units: $ 1.1538

27,000 x 44.44% / 50,000 units $ 0.24

Special Processing

175,500/13,000 = $13.5

Total overhead

sprockets: $0.24

hubs: $14.65

Units cost:

hubs: 13.3 + 29 + 14.65 = 56.95

sprockets: 5.7 + 17 + 0.24 = 22.94

6 0

2 years ago

The decline of newspapers raises concerns because in comparison to television news, newspapers tend to contain more

Lunna [17]

Newspapers tend to contain more facts. TV news is meant as entertainment, to capture an audiences interest and hold it, whereas newspapers are intended to educate, and do only that. Newspapers are not intended to be read fully because no one like all of the different sections, sports, cartoons, politics, science, etc. But TV needs to hold interest to all viewers to remain on the air and capture its viewers attention.

4 0

3 years ago