Answer:
The correct answer to this question is A) because resources are not equally good in each production activity.
Explanation:
PPS or Production possibility frontier ( which is often as production possibility curve ) shows the possible combinations( of two products or services) with maximum outputs that can be produced in an economy when all the available resources are fully and efficiently used.
The reason why opportunity cost is increased while moving along PPS is because when we increase the output of one good , that means we are allocating more resources towards this good ,that means we will be left with the fewer resources to carry out the production of other good , so therefore the opportunity cost would increase.
Answer: Option (A) is correct.
Explanation:
Correct option: Leftward; rises
When some of the firms are exited from market because are incurring losses then as a result short run market supply decreases. This is due to the fall in the production level, since some of the firms are not producing anymore.
So, this change in the market supply will shift the market supply curve leftwards.
The market price increases as the market supply decreases.
Answer:
16.96%
Explanation:
In this question, we apply the Capital Asset Pricing Model (CAPM) formula which is shown below
Expected rate of return = Risk-free rate of return + Beta × (Market rate of return - Risk-free rate of return)
= 5.8% + 1.8 × (12% - 5.8%)
= 5.8% + 1.8 × 6.2%
= 5.8% + 11.16%
= 16.96%
The (Market rate of return - Risk-free rate of return) is also called market risk premium
Answer:
- Direct materials cost per equivalent unit: $196 per ton
- Conversion cost per equivalent unit: $57 per ton
Explanation:
Direct material cost per equivalent unit = Cost of direct materials transferred in/ Equivalent units for direct materials
= 588,000/3,000
= $196 per ton
Conversion Cost per equivalent unit = Conversion cost for the period / Conversion cost per equivalent
= 296,400/5,200
= $57 per ton
<h2>
Answer:</h2>
x = (log₅7) - 8
<h2>
Explanation:</h2>
<em>Given;</em>
= 7
<em>Take log of both sides;</em>
log₁₀() = log₁₀7 -------------(ii)
<em>From the laws of logarithm remember that;</em>
logₐ xⁿ = n logₐ x
<em>Equation (ii) can then be written as;</em>
(x + 8)log₁₀5 = log₁₀7
<em>Divide both sides by log₁₀5</em>
(x + 8) = 
-----------(iii)
<em>From the laws of logarithm, remember that;</em>
<em>Equation (iii) can thus be written as;</em>
(x + 8) = log₅7
x + 8 = log₅7
<em>Make x subject of the formula;</em>
x = (log₅7) - 8
