The company achieves a cost savings of $32,000 per year by using less costly materials

If your business is not efficient, where will your numbers fall on the Production Possibility Frontier?

Sergeeva-Olga [200]

Answer:

Inside the Production Possibility Frontier.

Explanation:

PPF is a curve that shows the various combination of 2 goods that an economy produces when resources are fixed. Thus, any point or bundle inside the production possibility frontier shows inefficiency in the production while the point on the production possibility frontier shows the efficient production from the available resources. But, the point outside the PPF exhibits a non-achievable point.

8 0

2 years ago

What two conditions must hold for a competitive market to produce efficient outcomes?

nexus9112 [7]

Those are supply curves and demand curves. Supply curves have to meet the production requirements, while demand curves have to meet the consumer's willingness to pay.

4 0

3 years ago

The Baldwin Company currently has the following balances on their balance sheet: Total Assets $167,705 Total Liabilities $69,461

Andrews [41]

The common stock next year would be $32546

The total assets (current) = $167,705

Total assets (next year) = $167,705 + $55,000 = $222705

The total liabilities (current)= $69,461

The total liabilities (next year)= $69,461

The total retained earnings (current) = $88,498

The total retained earnings (next year) = $88,498 + 44,200 - $12000 = $120698

<u>Common stock (current)</u>

= $167,705 - $69,461-$88,498

= $9746

<u>Common stock (next year)</u>

= $222705 - $69,461 - $120698

= $32546

The common stock next year would be $32546

Read more on common stock:

brainly.com/question/25749153

5 0

2 years ago

Raul, the CEO of Color Paints Inc. noticed that their plant loses considerable time daily because the assembly line has to be cl

ValentinkaMS [17]

Answer:

cross-functional team

Explanation:

According to my research on different team organizational structures, I can say that based on the information provided within the question this team exemplifies a cross-functional team. This type of team is defined as a team of various people all of which are experts in different areas but yet are all working together towards the same goal. Which is what the employees of Color Paints Inc. are exhibiting.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

7 0

3 years ago

Goods with many close substitutes tend to have a. more elastic demands. b. less elastic demands. c. price elasticities of demand

kotykmax [81]

Answer:

The correct answer is a. more elastic demands.

Explanation:

There are some goods whose demand is very price sensitive, small variations in their price cause large variations in the quantity demanded. It is said of them that they have elastic demand. The goods that, on the contrary, are not sensitive to price are those of inelastic or rigid demand. In these large variations in prices can occur without consumers varying the quantities they demand. The intermediate case is called unit elasticity.

The elasticity of demand is measured by calculating the percentage by which the quantity demanded of a good varies when its price varies by one percent. If the result of the operation is greater than one, the demand for that good is elastic; If the result is between zero and one, its demand is inelastic.

The factors that influence the demand for a good to be more or less elastic are:

1) Type of needs that satisfies the good. If the good is of first necessity the demand is inelastic, it is acquired whatever the price; On the other hand, if the good is luxurious, the demand will be elastic since if the price increases a little, many consumers will be able to do without it.

2) Existence of substitute goods. If there are good substitutes, the demand for good will be very elastic. For example, a small increase in the price of olive oil can cause a large number of housewives to decide to use sunflower.

4 0

3 years ago