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Sidana [21]
3 years ago
14

When an economy is operating efficiently, the production of one more unit of a good will result in some loss of production of an

other good because:a) resources are limited and efficiency implies that all resources are already in use. b) consumers will not want more of both goods. c) the production possibilities frontier (PPF) shifts inward as more of only one good is produced. d) technology can only improve the production of one good.
Business
1 answer:
s344n2d4d5 [400]3 years ago
3 0

Answer:

a) resources are limited and efficiency implies that all resources are already in use

Explanation:

If production is efficient, it means that the economy is producing on the production possibility frontier and all resources are in use.

To produce one unit of a good, the economy has to forgo producing one unit of the other good.

I hope my answer helps you.

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real GDP will remain the same and price level will increase

Explanation:

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Jack and Jill have a tenancy in common in an apartment building. After ten years of ownership, Jill dies unexpectedly. On Jill's
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<h2>Jill's interest in the property will: <u>Pass to Jill's heirs </u>(Option B)</h2>

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Let us understand the meaning of tenancy: It is the "possession of any property which might be land or building and get connected as tenant".

In contrast, ownership means the property belongs that person alone or in partnership.

Understanding the above terms, We can say, Jack and Jill have been a tenant and after ten years, Jill dies. So the rest of the interest in the property will definitely go to his heirs only.

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3 years ago
You are offered a chance to buy an asset for $5,250 that is expected to produce cash flows of $750 at the end of Year 1, $1,000
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The rate of return I would earn if you bought the asset is 16.91.

<h3>What is the internal rate of return?</h3>

Internal rate of return is the discount rate that equates the after-tax cash flows from an investment to the amount invested. It is a capital budgeting method.

IRR can be calculated with a financial calculator

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To learn more about the internal rate of return, please check: brainly.com/question/24172627

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