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PSYCHO15rus [73]
3 years ago
13

g A typical concave (bowed out from the origin) production possibilities curve implies Multiple Choice that economic resources a

re unlimited. that society must choose among various attainable combinations of goods. decreasing opportunity costs. that society is using a market system to allocate resources.
Business
1 answer:
nydimaria [60]3 years ago
3 0

Answer:

that society must choose among various attainable combinations of goods

Explanation:

The Production possibilities curve is a curve that shows the various combination of two goods a company can produce when all its resources are fully utilised.  

The PPC 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.

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What is the difference between virtual integration and vertical integration?
poizon [28]
A: A horizontal integration consists of companies that acquire a similar company in the same industry, while a vertical integrationconsists of companies that acquire a company that operates either before or after the acquiring company in the production process.
5 0
3 years ago
Wilson company paid $4,800 for a 4-month insurance premium in advance on november 1, with coverage beginning on that date. the b
satela [25.4K]
<span>The adjusting entry required on December 31 is:

Debit Insurance Expense = $2,400 and credit Prepaid Insurance = $2,400.
this is how we calculate this;
Amount paid = $4,800
For months of insurance = 4
from 1st November to 31st December 2 months passed, So;
$4,800 x 2/4 = $4,800/ 2 = $2,400.</span>
4 0
4 years ago
When a minimum-wage law forces the wage to remain above the level that balances supply and demand, it
3241004551 [841]

Answer: (B). raises the quantity of labor supplied and reduces the quantity of labor demanded compared to the equilibrium level.

Explanation: When a minimum-wage law forces the wage to remain above the level that balances supply and demand, it raises the quantity of labor supplied and reduces the quantity of labor demanded compared to the equilibrium level.

8 0
3 years ago
Coca-Cola has a variety of strategic business units (SBUs) in its beverage business. Glaceau Vitamin Water is in a high-growth m
salantis [7]

Answer:

"Problem child" is the correct answer.

Explanation:

  • Throughout a highly expanding economy, but with a different business model, the compounds would be considered problematic children or questioning indentations.
  • Glaceau water seems to be in a highly international audience with a large affinity to expansion. Nevertheless, throughout the plastic bottles category, Coca-Cola possesses a slow growth rate.

Thus the above is the correct answer.

8 0
3 years ago
In the Keynesian model, when government decreases its spending by $20 billion, and it decreases taxes by $30 billion, and the MP
lys-0071 [83]

Answer:

D) Total spending will increase by $10 billion.

Explanation:

The computation is shown below:

As we know that

Multiplier = 1 ÷ 1 -MPC

= 1 ÷  1 - 0.75

= 1 ÷ 0.25

= 4

When there is a decrease in tax so the total spending increase is $30 billion

And, the reduction in spending because of the reduction in the government expenditure is $20 billion

So, the increase in total spending is

= $30 billion - $20  billion

= $10 billions

hence, the correct option is D.

8 0
3 years ago
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