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

What are the 3 levels of access that can be granted to Team users of QuickBooks Online Accountant

zimovet [89]

Answer:

In QuickBooks Online Accountant, users with admin access and Firm Owners and have the authority to access of other users in the firm. The 3 levels of access that can be granted to Team users of QuickBooks Online Accountant are:

Full : these users have access to accounting features, and books such as edit, remove and add users.
Basic : These users have access to create and read accounting.

Custom: These users can access administrative functions for the firm , access to manage clients and access to client QuickBooks .

3 0

2 years ago

The current spot exchange rate is $1.55 = €1.00; the three-month U.S. dollar interest rate is 2 percent. Consider a three-month

Elan Coil [88]

Answer:

The least that this option should sell for is $3,125.

Explanation:

Acording to the data, we have the following:

The current spot exchange is $1.55=€1.00

The call option has a strike price of $1.50=€1.00 and spot price is €62,500

Hence,to calculate the least value this option should sell for we have to calculate the following:

$1.55-$1.50=$0.05

Hence, $0.05*62,500= $3,125.

8 0

2 years ago

MFS SAY DELETING MY SHIIII MBUYHJNMOJIHUNJ

Elanso [62]

Answer:

OOP-

Explanation: OnO

6 0

2 years ago

Read 2 more answers

The assets for BIZZ0 in 2018 were $187,300; the liabilities for that year were $275,600; and the net income was $17,700. What wa

Leto [7]

Answer: 9.45%

Explanation:

From the question, we are informed that the assets for BIZZ0 in 2018 were $187,300, the liabilities for that year were $275,600; and the net income was $17,700.

The return on income for the year will be:

= ( Net Income / Total Assets ) × 100

= ($17,700 / $187,300) × 100

= 0.0945

= 9.45%

8 0

2 years ago

Outline 2 reasons for completing assigned tasks daily

Lemur [1.5K]

In summary, it is important to complete your tasks because it helps you feel better, helps you identify what you should be working on and together that means you complete more tasks.

6 0

2 years ago