When the opportunity cost associated with increasing the production of one good or service in terms of another is constant at every level of production, then the production possibility frontier is <u>rightward</u>.
<h3>What is production possibility frontier?</h3>
A model used to illustrate the trade-offs related to splitting resources between the production of two items is called the Production Possibilities Curve (PPC). The PPC is a useful tool for demonstrating the ideas of scarcity, opportunity cost, efficiency, and economic development and contraction.
The value or advantage forfeited by engaging in a specific activity in comparison to engaging in a different activity is known as the opportunity cost in microeconomic theory. Simply put, it means that if you choose one activity, you forfeit the chance to do another.
We can produce more as the economy expands and all other factors remain the same, hence this will cause a movement in the production possibilities curve to the right, or outward.
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<u>Answer:</u>
<em>(C) Gypsy will probably use a </em><u><em>pulsing</em></u><em> advertising schedule.
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<u>Explanation:</u>
A pulsing schedule occurs when a gauge of advertising is expanded during specific periods—bodes well because of the regularity of Gypsy's the same old thing. She is continuously open and would not have any desire to quit publicizing, largely, yet might want to coordinate her promoting consumptions to the business design she watches.
A pulsing schedule joins the fighting and ceaseless booking by utilizing a low publicizing level lasting through the year and substantial promoting during pinnacle selling periods. Item classes that are sold all year; however, experience a flood in deals at irregular periods are great contenders for pulsing.
Answer:
In a long-run equilibrium - only a perfectly competitive firm operates at its efficient scale - option A is the correct answer.
Explanation:
In the long-run equilibrium, only a perfectly competitive firm that operates at its efficient scale and a monopolistically competitive firm sets off with overabundant capacity.
Therefore, in a long-run equilibrium - only a perfectly competitive firm operates at its efficient scale - option A is the correct answer.
