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Vladimir [108]
3 years ago
7

Select the correct answer. What does a production possibilities curve represent? D A a combination of price and demand of goods

and services U B. a combination of the goods produced before and after a change in a factor of production KD a. a combination of two factors of production used to produce a single good or service OD. a combination of two goods that can be produced using limited resources​
Business
1 answer:
AlekseyPX3 years ago
8 0
D AND A
step-by-step-explanation
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Describe at least two advantages a large company has over a smaller company. (1-4 sentences.
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A larger company can benefit from <em>economies of scale</em>, meaning they can get discounts by purchasing and producing in bulk which a smaller company wouldn't have the ability to do. A larger store also has the potential for higher revenue because they have more goods and services to sell.

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Suppose that real GDP per capita of the United States is $32,000 and its growth rate is 2% per year and that real GDP per capita
Pie

<u>Given:</u>

Real GDP of US = 32000

Growth rate of US = 2%

Real GDP of China = 4000

Growth rate of China = 7%

<u>To find:</u>

Number of years taken for China's real GDP per capita to be larger than real GDP per capita in the United States.

<u>Solution:</u>

The formula to calculate the years is,

GDP_{US}\times[1+growth_{US}]^n

On plugging-in the values,

\Rightarrow32000\times(1+0.02)^n

On solving the values we get,

\Rightarrow8

Therefore, we can clearly identify that number of years is greater than 40 and less than 45.

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Answer:

Cause-and-effect relationship  - Cost of goods sold

With the Cause and effect relationship, costs are linked to the revenue that they were incurred for to create. Cost of goods would therefore be linked to revenue.

Specific time period  - Monthly salary payments to an office employee

Costs are to be recognized in the same period of time they were incurred. The monthly salary is to be paid monthly because it is incurred monthly.

Without regard to related revenue in the period incurred - Advertising expenditures

The advertising costs will be incurred when spent and not when the benefits are accrued.

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