I think the answer is D
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If the opportunity cost of producing extra units of one good (expressed in terms of the amount of another good given up) remains constant, then the shape of the production possibilities curve is a straight down sloping line.
<u>Explanation:</u>
The cumulative production output of two products with a given input value is determined by the production potential curve. Every point in the curve indicates how much of every good is generated as resources transfer from more than one good to lesser. The input is a mixture of the four means of production.
The type of a PPF is generally derived from the source as a function of an additional cost of production and a better value. As the PPF is shifted from the top left to both the lower right corner of the PPF, MRT is therefore decreased in absolute size.
Answer:
babysitting, walking dogs, mowing lawns, shoveling snow,
Explanation:
Answer:
Rosalee responds quickly to fix electrical wires in emergencies.
Shawn inspects oil pipeline equipment.
Mae follows safety instructions carefully.
Answer:
$165,670
Explanation:
Cost of goods sold = Sales revenue (1 - Gross profit)
= $669,900 × (1 - 0.30)
= $669,900 × 0.70
= $468,930
Estimated ending inventory destroyed in fire:
= Beginning inventory + Purchase - cost of goods sold
= $160,600 + $474,000 - $468,930
= $165,670
