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2 years ago

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

Business

1 answer:

horrorfan [7]2 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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2 years ago

Preferred stock comes in many varieties. ____ preferred stock includes a requirement that past dividends not paid must be paid i

slega [8]

Preferred stock is a type of investment security which represent ownership in a corporation and is also a debt instrument of the company.

Explanation:

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3 years ago

What do behaviorist and cognitivist theories have in common?

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1 year ago

Based on the case and previous calculations, please answer the following short answer questions. Note: Your instructor will need

mezya [45]

Question Completion:

see Exhibit 4 attached.

Answer:

1. The largest and smallest divisions by net sales in 2017:

Largest divisions:

Fabric & Home care with 32%

Baby, Feminine & Family Care, 28%

Smallest divisions:

Beauty with 18%

Grooming, 11%

Healthcare, 11%

2. The one most important division in terms of the proportionate net earnings for the company is:

Fabric & Home Care

Explanation:

The two largest divisions generate 60% of the net sales of the company while the three smallest divisions generate only 40%. In terms of the proportionate net earnings for the company, the two largest divisions also generate 53% of the net earnings of the company, while the three smallest divisions generate 47%. The analysis shows that the company's financial sustenance is largely driven by the Fabric & Home Care division and the Baby, Feminine & Family Care division. Another up-and-coming division is the Beauty division, which generates 18% of the net sales and 20% of the net earnings.

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1 year ago

Rex's doughnuts can produce only 100 doughnuts a day. the variable cost incurred per unit is $2 and fixed costs incurred per day

vladimir1956 [14]

The total cost that is incurred by producing 100 doughnuts is equal to the sum of the variable cost and the fixed cost. The total variable cost is,
total variable cost = ($2/doughnut)(100 doughnuts) = $200

The total cost is,
Total cost = total variable cost + total fixed cost
TC = $200 + $500 = $700

Equating the cost and the revenue,
TC = TR
$700 = (100)(x)

The value of x from the equation is $7.

ANSWER: $7.

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2 years ago