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jeka57 [31]
2 years ago
9

The only way that a society can produce outside the production possibilities curve is

Business
2 answers:
strojnjashka [21]2 years ago
6 0

and i copy and pasted:sorry if its wrong

sorry if its wrong:

Outward or inward shifts in the PPF can be driven by changes in the total amount of available production factors or by advancements in technology. If the total amount of production factors like labor or capital increases, then the economy is able to produce more goods at any point along the frontier.

zysi [14]2 years ago
5 0
The answer is d.
If you produce efficiently (in other words, producing goods with appropriate labour force since a good labour force consists of appropriate knowledge of a certain field of that product and appropriate number of labour.) a society can produce outside the production possibilities curve.
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On average, 35% of the sales on account are collected in the month of sale, 40% are collected in the month following sale, 10% a
stellarik [79]

Answer:

35% of sales(say $2,000,000) in April

$700,000

Explanation:

Step one :

Assuming that the sales made for April is $2,000,000

According to the conditions in which money is collected 35% of sales made for a month is collected for the month

For april the expected amount

=35/100*2,000,000

=$700,000

4 0
3 years ago
Read 2 more answers
When a competitive firm finds that the market price is below its minimum average variable cost level, it will sell:
Novosadov [1.4K]

Answer:

The correct answer is option B.

Explanation:

In the perfect co petition firm is a price taker. Firms do not decide price. Price is determined by demand and supply intersection. Firms face a horizontal demand curve. They can only adjust the quantity they supply.

In a perfect competition, if the price is not able to cover the average variable cost, it means that the firm will be incurring losses. The firm will thus shutdown and stop production.

5 0
3 years ago
The productivity gains achieved by specialization are due to A. comparative advantage. B. lower opportunity costs from switching
Ronch [10]

Answer:

Comparative advantage.

Explanation:

Comparative advantage is the ability to produce good and services at a lower opportunity cost compared to others , leading to lower selling price and competitive advantage over others .

Specialization is about concentrating on producing a few products in order to

build brands , expertise and gain maximum productivity leading to a reduction in selling price and  a comparative advantage.

4 0
3 years ago
Read 2 more answers
The Shaffer Auto Company has purchased a large parcel of land forâ $1 million. The company recently discovered that the land is
dolphi86 [110]

Answer:

O D $0

Explanation:

Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.

Since the land is worthless, there is no next best use of the land. Thus, its opportunity cost is zero.

I hope my answer helps you

6 0
3 years ago
What do banks pay people who leave their money there?
Kruka [31]
I'm pretty sure it is interest
6 0
3 years ago
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