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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

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Which statement defines externality?

valentina_108 [34]

I think the correct answer from the choices listed above is option D. It would be the impact of production and consumption on unrelated third parties that best defines the term externality. It is<span> a consequence of an economic activity experienced by unrelated third parties; it can be either positive or negative.</span>

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3 years ago

Summarizes the beliefs a person holds about his own attributes and how he/she evaluates their self on those qualities.

fredd [130]

Self concept is the beliefs a person holds about his own attributes

The ideas a person has about himself or herself and how they assess those ideas are known as self concept.

Several facets of the concept of the attributes of the self, includes-

Content (facial attractiveness Vs mental aptitude)

Positivity (i.e. self-esteem)

Over time, intensity & stability

Accuracy (i.e., how closely one's opinion of oneself reflects reality)

In addition to our own judgments of how much we change over time varying, consumers' self-assessments might be extremely skewed

People of all ages admitted that their earlier decisions had altered considerably over time, yet they still tended to forecast that they would remain the same as they aged.

Self-concept is something that evolves over time. Some components are quite stable, but as we move through life, we each change some pieces of it.

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8 0

1 year ago

You are a finance intern at Chambers and Sons and they have asked you to help estimate the company's cost of common equity. You

koban [17]

D1 = $ 1.25

P0 = $ 27.50

g = 5 % = 0.05

F = 6 % = 0.06

Cost of equity, re = D1/ {P0 x (1- F)} + g

= $ 1.25 / {$ 27.50 x (1- 0.06)} + 0.05

= $ 1.25 / ($ 27.50 x 0.94) + 0.05

= $ 1.25 / 25.85 + 0.05

= 0.048356 + 0.05

= 0.098356 or 9.84 %

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3 years ago

On November 1, 2016, Cullumber Company places a new asset into service. The cost of the asset is $78500 with an estimated 10-yea

MrRissso [65]

Answer:

$7,000

Explanation:

Depreciation: The depreciation is an expense that shows a reduction in the value of the fixed assets due to tear and wear, obsolesce, usage, time period, etc. It is shown on the debit side of the income statement. It is a non-cash item that does not affect the cash balance.

The computation of the depreciation expense for 2017 is shown below:

= (Original cost - residual value) ÷ (useful life)

= ($78,500 - $8,500) ÷ (10 years)

= ($70,000) ÷ (10 years)

= $7,000

In this method, the depreciation is same for all the remaining useful life

3 0

3 years ago

In a firm's income statement, interest payments on debt are deducted Blank______ corporate taxes are calculated, which Blank____

seropon [69]

<em>In a firm's income statement, interest payments on debt are deducted </em><em>before </em><em>corporate taxes are calculated, which</em><em> reduces</em><em> the firm's tax liability.</em>

<h3>Income statement: What is it?</h3>

An overview of the company's operations for a specific time period is provided in the income statement. The revenue (gross and net sales), cost of products sold, operational expenditures (selling and general and administrative expenses), taxes, and net profit or loss are the statement's primary components.

<h3>What is displayed on a firm's income statement?</h3>

The statement logically and coherently presents the company's revenue, costs, gross profit, selling and administrative expenses, other expenses and income, taxes paid, and net profit.

learn more about firm's income statement here <u>brainly.com/question/14733237</u>

6 0

2 years ago