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Anestetic [448]
2 years ago
9

Please Help!!

Business
1 answer:
Sever21 [200]2 years ago
4 0

Answer:

1. True

2. True

3. False

Explanation:

1. True (If a tax is unpaid then it remains on the credit report up to 10 years)

2. True ( The statement correctly stats that Credit utilization is the ratio of an individual's credit balance to their credit card limit )

3. False because Chapter 7 bankruptcy is focused more on restructuring of debt altogether.

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Point x on a linear production possibilities curve represents a combination of 50 watches and 20 clocks, and point y represents
Veronika [31]

Based on the coordinates of point x and those of point y on the linear production possibilities curve, the opportunity cost of producing one watch is 2 fewer clocks.

<h3>What is the opportunity cost of producing one watch?</h3>

The opportunity cost of producing one watch is the number of clocks that needs to be given up per watch.

This will therefore be the slope of the linear production possibilities curve which can be found as:

= (Y₂ - Y₁) / (X₂ - X₁)

Solving gives:

= (80 - 20) / (20 - 50)

= 60 / -20

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This means that for every watch produced, there will be 2 clocks that will be foregone to make that watch.

In conclusion, the opportunity cost is 2 clocks.

Find out more on opportunity cost at brainly.com/question/481029.

#SPJ1

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