Answer:
You can find the drawing in the attached file
Explanation:
You have fixed cost of $100 whter the machine is used or not and a variable cost of $50 for each hour used. So if you do not use de machine the cost will be $100, if the machine is used 1 hour the cost will be $150 and will increase $50 per aditional hour, until it reaches $500 ($100 + 8*50)
The drawing must have two variables, one is cost and the other is hours.
Cost start from $100 when the machine is not used and grows $50 per hour
Answer:
Option (B) is correct.
Explanation:
Invested amount = $12,000
Interest received in partnership = 10%
qualified non-recourse debt in partnership = $34,000
Loss allowed = $15,400 (At risk amount)
Tax basis = $18,800
Disallowed loss = Loss allocation - Risk amount
= $18,800 - $15,400
= $ 3,400
Answer:
False
Explanation:
The slope of the budget line is the ratio of the prices of that bundle of goods. It represents the price at which a consumer would be willing to substitute one good for the other in the same bundle of goods.
I hope my answer helps you
Answer:
TRUE
Explanation:
Marginal Benefit is addition to total benefit due to a business decision.
Marginal Cost is addition to total cost due to a business decision.
Marginal Benefit & Marginal Costs are determinants while considering a business decision. A decision will be taken if : Marginal Benefit ≥ Marginal Cost, as entrepreneurial decision maker would be better off or at least neutral while taking decision. If MB < MC , it is loss making for the entrepreneur to take that decision & hence is discouraged to take that.
Answer: A. The island of Atlantis has an increasing opportunity cost of producing potatoes and the production possibility frontier is bowed outward.
Explanation:
When there is an increasing opportunity cost of producing a good, the Production Possibilities Frontier (PPF) will be bowed out to represent that as more of the good is being produced, more of another good is being given up to do so.
For the island of Atlantis therefore, as they produce more of potatoes, they are giving up being able to produce whatever more and more of other goods they produce which is therefore leading to a PPF that is bowed outward.
