Mountain Mack spends his time carving fishing lures and duck decoys. If Mountain Mack spends all of his time carving fishing lur
1 answer:
The completed table is:
Fishing Lures Duck decoys
40 0
32 40
24 30
16 20
8 10
0 50
<h3>What is the production possibilities schedule?</h3>The production possibilities schedule is a schedule that shows the two combination of goods or services that can be produced when a person's resources are fully utilized.
In order to determine the production possibilities schedule, the opportunity cost of producing 1 fishing lure have to be determined. The opportunity cost = 10 / 8 = 1.25. Thus, the opportunity costs between fishing lures and duck carves have to be 1.25
Please find attached the table that contains the answer. For more information about the production possibility, please check: brainly.com/question/25774783
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Answer: B. There are two IRRs so you cannot use the IRR as a criterion for accepting the opportunity.
Explanation:
The Internal Rate of Return can be useful in capital budgeting to enable a company know if an investment will be profitable. It is defined as the discount rate that causes the Net Present Value(NPV) to be zero. If the IRR is greater than the required return then the project should be accepted as it will have a profitable NPV.
IRR has some problems however and one of them is reflected here. There can sometimes be two IRRs and when this happens, using IRR as a viability measure cannot be done because a single rate is needed for comparison with the required return.
