How can an economist use a production possibilities graph to express inefficiency.
Answers
An economist can use a production possibilities graph to express inefficiency in the following ways:
Definition of Production Possibility Curve: Production possibility curve (PPC) is a graphical representation of the feasible and unfeasible production possibilities of two commodities, with the given resources and technology level.Production possibility curve (PPC) is used to understand the economics of choice, scarcity, opportunity cost, and trade-offs in an economy. The PPC shows that if an economy uses all of its resources, it can produce various combinations of two products given its technology and time.
A production possibility curve shows the maximum amount of a product that can be produced for every conceivable combination of inputs. Points on the curve depict the maximum quantity of output that can be produced given the existing resources and technology level. The PPC curve is typically downward-sloping from left to right, demonstrating the opportunity cost of producing one good in terms of the other good. Economists can use a production possibility graph to express inefficiency as follows: Inefficiency is when an economy is not producing at the highest possible efficiency level.
Points beneath the production possibility curve demonstrate this. Inefficiency arises when an economy is not using all of its resources or is using resources inefficiently. Inefficiency can be expressed using a production possibility curve in the following ways: If an economy is at point A, it is producing below its production possibilities and, as a result, is inefficient. There are unused resources that the economy could use to produce more output without sacrificing the production of the other product. Production is considered inefficient at any point inside the production possibility curve. A point outside the production possibility curve is unattainable given the current resources and technology level.
In summary, economists use a production possibility graph to express inefficiency by analyzing points that fall below the production possibility curve. These points represent an economy's production inefficiencies or inefficiencies in resource use.
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Related Questions
The universal computer company uses a newly developed a1 chip in the manufacturer of their tablet computers. The estimated annual demand for this chip is 12,000 units. It is estimated that the cost to place an order is $75, and the holding cost for each chip is $20 per year. The company operates 320 days per year. Use the information in scenario 9. 3. What is the economic order quantity for the a1 chip? group of answer choices greater than 200 units but less than or equal to 250 units greater than 250 units but less than or equal to 300 units greater than 300 units less than or equal to 200 units
Answers
The economic order quantity (EOQ) for the A1 chip is greater than 250 units but less than or equal to 300 units.
The economic order quantity (EOQ) is a formula used to determine the optimal order quantity that minimizes the total cost of ordering and holding inventory. The formula for EOQ is given by:
EOQ = √[(2DS)/H]
Where:
D = Annual demand (12,000 units)
S = Cost to place an order ($75)
H = Holding cost per unit per year ($20)
Substituting the given values into the formula, we can calculate the EOQ:
EOQ = √[(2 * 12,000 * 75) / 20]
= √(180,000)
≈ 424.26
Since the EOQ represents the optimal order quantity, it should be rounded to the nearest whole number. Therefore, the economic order quantity for the A1 chip is greater than 250 units but less than or equal to 300 units.
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A(n) ________________ is a person, group or organization that has an interest or concern in an organization.
Answers
Answer:
stakeholder
Explanation:
In 2-5 paragraphs, describe how using active listening at work can help you be a better employee.
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A furniture store has a sofa on sale for $800 with the payment due one year from today. The store is willing to discount the price at an annual rate of 3.5% if you pay today. What is the amount if you pay today? O $934 O $849 O $702 $772 $1,02
Answers
If you pay today, the amount you would need to pay is $772.
To calculate the amount you would need to pay today, we'll consider the discount provided by the furniture store. The discount rate is 3.5% per year, and the payment is due one year from today.
Let's calculate the discount first. The discount amount is determined by multiplying the original price of the sofa by the discount rate. In this case, the discount is 3.5% of $800:
Discount = 0.035 * $800 = $28
To determine the amount you would need to pay today, subtract the discount from the original price:
Amount to pay today = Original price - Discount = $800 - $28 = $772
Therefore, if you pay today, the amount you would need to pay is $772.
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What does "Certeris Paribus" assume when
calculating how people spend money?
A. The person has held the same job with the same amount of
pay
B. The person has been promoted and makes more money than
before.
C. The person has lost their job and is unemployed at the
moment.
D. The person has taken a second job for additional income.
Answers
Jobs in a firm are quite informal. workers are versatile and switch tasks and responsibilities depending on the situation. in fiedler's model, this firm would be said to have ________.
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Jobs in a firm are quite informal. workers are versatile and switch tasks and responsibilities depending on the situation. in fiedler's model, this firm would be said to have low task structure. Group tasks are ambiguous when task structure is minimal and there is no obvious solution or best way to achieve the goal.
The group aim is distinct, firm unmistakable, and simple when task structure is high and participants are clear on how to approach and accomplish the goal. When task structure is high, subordinates carry out fairly uncomplicated tasks in accordance with standardized procedures. The degree to which a task's performance clearly demonstrates a means-to-ends relationship.
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You are told that if you invest $11,000 per year for 23 years( all payments made at the end of each year) you will have accumulated $366,000 at the end of the period What annual rate of return is the investment offering.
Answers
Answer:
3.2%
Explanation:
this is an ordinary annuity:
future value of an ordinary annuity = annual payment x future value annuity factor
$366,000 = $11,000 x future value annuity factor
future value annuity factor = $366,000 / $11,000 = 33.2727
you can solve this in two ways:
the first is with a lot of math work in order to solve the following equation
33.2727 = [(1 + i)²³ - 1] / i
or
you can use an annuity calculator (available online) which will yield 3.2%
__________ is a repeated pattern of spikes or drops in a specified amount of time associated with certain times of the year.
Answers
Seasonality is a repeated pattern of spikes or drops in a specified amount of time associated with certain times of the year.
Seasonality refers to a predictable pattern of fluctuations or variations that occur within a specific time period, often associated with changes in the seasons.
It is characterized by regular and repetitive spikes or drops in data, such as sales, demand, or other measurable variables, that occur in a cyclic manner throughout the year.
The occurrence of seasonality can be attributed to various factors, such as weather conditions, holidays, cultural events, or natural phenomena. For example, retail sales tend to experience spikes during holiday seasons like Christmas or Thanksgiving, while ice cream sales may peak during the summer months.
In financial markets, certain stocks or sectors may exhibit seasonality based on factors like annual reporting cycles or seasonal trends in consumer behavior.
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Bramble, Inc. decided on January 1 to discontinue its telescope manufacturing division. On July 1 , the division's assets with a book value of $852000 are sold for $600000. Operating income from January 1 to June 30 for the division amounted to \$132000. Ignoring income taxes, what total amount should be reported on Bramble's income statement for the current year under the caption, Discontinued Operations?
a $252000 loss
b $120000 loss
c $132000
d $384000
Answers
The total amount should be reported on Bramble's income statement for the current year under the caption, Discontinued Operations is $120,000 loss.
To determine the amount to be reported on Bramble's income statement for the current year under the caption "Discontinued Operations," we need to calculate the gain or loss from the discontinuation of the telescope manufacturing division. This includes both the operating income from January 1 to June 30 and the gain or loss on the sale of assets.
Given:
Operating income from January 1 to June 30: $132,000
Book value of assets sold: $852,000
Sale proceeds of assets: $600,000
First, we calculate the gain or loss on the sale of assets:
Gain or loss on sale = Sale proceeds - Book value
= $600,000 - $852,000
= -$252,000 (loss)
Next, we calculate the total amount to be reported under "Discontinued Operations" on the income statement:
Total amount = Operating income + Gain or loss on sale
= $132,000 + (-$252,000)
= -$120,000 (loss)
Therefore, the correct answer is option B: $120,000 loss.
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Hobby Lobby scans all purchases at the check-out counter. Each product has a bar code to identify it. This technology allows Hobby Lobby to keep track of its sales, avoid stock-outs by reordering products from suppliers as needed, and show Hobby Lobby marketers which products are profitable. This is an example of _______.
Answers
The given scenario about the scanning of all purchases at the check-out counter at Hobby Lobby by using barcodes technology is an example of Sales Automation.
Sales automation is the process of automating business tasks that are performed by sales teams such as order processing, contact management, inventory monitoring, and so on.
Sales automation software is often used to automate many of these processes. Sales automation refers to the use of computer software, online tools, and other digital technologies to automate sales processes, tasks, and workflows.
This can range from automating basic tasks like tracking customer interactions and managing sales leads to more complex processes like analyzing sales data, forecasting revenue, and creating customized sales proposals.
Sales automation can help sales teams to streamline their workflows, reduce manual labor, and increase efficiency and productivity. Hobby Lobby uses this automation technology to keep track of its sales, avoid stock-outs by reordering products from suppliers as needed, and show Hobby Lobby marketers which products are profitable.
The given scenario about the scanning of all purchases at the check-out counter at Hobby Lobby by using barcodes technology is an example of Sales Automation.
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It is based on the bond’s rating; the higher the rating, the lower the premium added, thus lowering the interest rate. True or false?.
Answers
The following statement is true. because the higher the rating, the lower the premium added, thus lowering the rate of interest.
In a financial market context, the prospect that an investment will provide an occasional or negative return. It's supported the bonds rating; the upper the rating, the lower the premium added, thus lowering the rate. interest rates on short-term maturities are not up to rates on long-term maturities. A valuation could be a thanks to measure the creditworthiness of a bond, which corresponds to the value of borrowing for an issuer. These ratings typically assign a letter grade to bonds that indicates their credit quality. Therefor, the statement is true.
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When an organization buys raw materials that are reprocessed and sold as finished goods, or if it buys a good it will then sell, then it is considered to be?.
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When an organization purchases raw materials that are processed and then sold as completed items, or if it purchases a product that it will sell, it is regarded as an organizational buyer.
An organization is a group of people who work together cooperatively. Some examples are a business, neighborhood group, nonprofit organization, or union. The word "organization" can be used to refer to a team, a business, or a project's development process.
Individuals who represent a business are known as organizational buyers. These purchasers often take into account both their preferences as well as the likely preferences of the clients to whom the organizational buyer's business will sell while making purchases.
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The pro-globalization argument from the mid-1940s until the early 2000s was based on the idea that free trade and open borders created a benefit for all countries. This argument is based on_________.A. the law of comparative advantageB. parochialismC. the law of competitive advantageD. uncertainty avoidanceE. social responsibility
Answers
The pro-globalization argument from the mid-1940s until the early 2000s was based on the idea that free trade and open borders created a benefit for all countries. This argument is based on: A. the law of comparative advantage.
What is the law of comparative advantage?The law of comparative advantage is a fundamental concept in economics that suggests that countries should specialize in producing goods and services in which they have a lower opportunity cost than other countries, and then trade with each other to maximize their overall economic welfare.
By allowing countries to specialize and trade freely with each other, the law of comparative advantage suggests that all countries can benefit and achieve greater levels of economic growth and prosperity.
Therefore the correct option is A.
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true or false? you should revisit your kpis every 18 months.
Answers
Answer:
false
have a nice day!!!
view imagine pls . .
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Debit cards let you spend within account limits and can be linked to checking or savings. Overdrafts may incur fees.
Credit cards let you borrow up to a limit and require monthly payments. If not paid off, interest up to 20% may apply.
What is the pros and cons?Credit card purchases can end up costing double or more depending on payment time. Debit card use ensures spending within means. Debit cards can earn rewards, but offer less fraud protection and spending restrictions.
Using a credit card has advantages such as making larger purchases and earning rewards, but losing the card could result in difficulty getting the money back. If your card is lost or stolen, you're not liable for charges made after reporting it. Cons of using a credit card include borrowing with interest. Credit card debt can harm your credit score and financial stability if it becomes too high.
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See text below
Debit vs Credit Cards
Bank Name
NBank
12345678 48765432
CARDHOLDER
Debit Card
Using your own money The limit is how much you have in your bank account
⚫ Checking or savings
Some accounts allow overdraft (going below $0), but this will cost extra
Debit Card
AL HOLDER
Credit Card
Borrowing money
o Has a limit (ex: $1,000) Must pay some each month (minimum) If you don't pay it all off, you pay interest (20%+) on what you borrowed An item you buy could end up costing double or more!
Credit Card
PROS
CONS
PROS
CONS
Suppose that Lebanon has placed tariffs on its imports and exports. The import tariff is 13%, and the export tariff is 8%. If Lebanon has a balance of trade of (equivalent US dollars) $5,510,000 and received tariff revenue of $4,019,200, what are its imports and exports worth?
Answers
Answer:
Import= 17,040,000 ; Export=22,550,000
Explanation:
As we know that
Balance of trade = export - import
Let us assume that export be E
And, the import be I
So,
Balance of trade = E - I
$5,510,000 = E - I
E = 5,510,000 + I
Now if we place the equation into the export or import tariffs so it would be
0.13 × I + 0.08 × E = $4,019,200
0.13 × I + 0.08 × ($5,510,000 + I) = $4,019,200
0.13I + 0.08I + $440,800 = $4,019,200
0.21I = $4,019,200 - $44,000
0.21I = $3,578,400
I = 17,040,000
So,
The export is
E = $5,510,000 + I
E = $5,510,000 + $17,040,000
E = $22,550,000
Answer:
B
Explanation:
Why is the core inflation rate calculated separately from the inflation rate?.
Answers
Answer:
To better show long term effects on inflation
Hope it helps you
Explanation:
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Which of the following is an example of a transaction driver?a) The number of hours spent setting up equipmentb) The number of bills sent out to a customerc) The time spent preparing invoicesd) The time spent repairing equipment
Answers
An example of a transaction driver is the number of bills sent out to a customer. Option B.
Transaction driver is one of the activity-based costing (ABC) principles that determine the cost of each activity associated with a product, service, or business unit. It identifies the driver of each activity in the process of allocating costs. ABC is used to recognize how much each cost driver contributes to the final cost of the product or service delivered.
According to the given options, the number of bills sent out to a customer is the only activity that fits into the definition of a transaction driver. The number of bills sent to a customer directly affects the cost of the company's transaction processing. It can be the cost of the paper used to print bills, ink, or even postage fees.
Hence, it is an example of a transaction driver. Option B.
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If you get 20% off of an item that is now $320, what was the original price before the discount?
Answers
Personality traits are _____ used to describe the way you think, feel, and act.
verbs
nouns
adverbs
adjectives
Answers
Adjectives is what I believe the answer is. adjectives are what you use to describe something such as the blanket was soft, pretty, etc.
yeah
Answer:
adjectives
Explanation:
i got it right on my review
outline 2 advantages to H&H of using secondary market research
Answers
Explanation:
It provides quick information and factual background perspectives
It is less expensive and affordable
Products are invented and revised by which department? Marketing Production Research and Development Finance
Answers
Answer:
Research and Development
Explanation:
Research and Development department is responsible for the new product development and any kind of modifications in the products. This department is responsible for investigation done by the organisation to improve the existing products and developing of new related products. Nowadays companies are more amounts for Research and Development, then only the organisation can survive in the market. The department aims to make new ideas, information and technology that improves the products effectiveness.
__________ is a current asset. group of answer choices the current portion of long-term debt. an account payable. none of these are correct. inventory. a note payable.
Answers
Inventory is a current asset. group of answer choices the current portion of long-term debt. an account payable.
Inventory refers to the goods or products that a company holds for sale, production, or raw materials. It is considered a current asset because it is expected to be converted into cash or used up within a short period, typically within one year.
Inventory is an essential component of many businesses, particularly those involved in manufacturing, wholesale, and retail sectors. It represents the value of the company's stock on hand, and it is important for businesses to manage and track their inventory effectively to ensure smooth operations and meet customer demand.
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In what ways can hoodies be disposed of? Explain the transaction records along with the outline for each route brainly
Answers
Hoodies as personal assets can be disposed of in these three ways: trade-in as scrap, de-recognition, outright sale.
The transaction records for each disposal method include removing the cost of the asset from the fixed assets register and its accumulated depreciation, recording the disposal receipts, and computing the profit or loss from the disposal if any.
Thus, for the disposal of hoodies (personal assets), the transaction records remove the cost and accumulated depreciation from the accounts, record the disposal receipts, and compute the profit or loss.
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Cash received prior to delivering a product or performing a service is called a(n) a.unearned asset. b.unearned revenue. c.unearned expense. d.unearned contra-asset.
Answers
The correct answer is b. unearned revenue.
Unearned revenue, also known as deferred revenue or advance payments, refers to the cash a company receives from its customers for goods or services that it has not yet delivered or performed. Unearned revenue is considered a liability on the company's balance sheet until the work is completed or the product is delivered, at which point it becomes revenue that can be recognized on the income statement.
Unearned revenue is commonly found in industries such as software and subscription-based services, where customers pay upfront for future access to products or services. It's essential for companies to properly account for unearned revenue to avoid overstating their revenue and profits in a given period.
When a company receives unearned revenue, it records it as a liability on its balance sheet and recognizes it as revenue on the income statement when the associated goods or services are provided. The amount of unearned revenue decreases over time as the company fulfills its obligations to its customers.
In summary, unearned revenue represents cash received by a company before it delivers a product or service to its customers, making it a liability on the company's balance sheet until the related revenue is recognized on the income statement.
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the natural rate of unemployment is the unemployment rate when:______.
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The lowest degree of unemployment caused by actual or voluntary economic factors is known as natural unemployment, often known as the natural rate of unemployment.
Natural unemployment measures the number of persons who are jobless as a result of the labor force's structure, such as those who have been displaced by technology or those who lack the necessary skills to find employment. The rate of unemployment that would be present in a thriving and healthy economy is known as the natural rate of unemployment. In other words, cyclical unemployment is not included in the natural rate of unemployment; only frictional and structural unemployment are.
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In video case study about using powerbi in rwanda, the production of what agricultural product benefited from greater transparency in the value chain between the 200,000 famers and 160 collection points for their product?.
Answers
Milk, A sustainable supply chain must include transparent production as a key component.
What is transparency in value chain?
Having a transparent supply chain means that businesses can tell internal and external stakeholders, including customers, where and how their products are made based on trustworthy data.
Visibility: Accurately recognizing and gathering information from every supply chain connection. Disclosure: Sharing the information with the appropriate level of detail, both internally and externally.
A sustainable supply chain must include transparent production as a key component. This requires entrepreneurs to be transparent about their product sourcing, detailing the precise processes taken in the supply chain to ensure that their items get at the doorstep of their customers.
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Tammy is talented at craft but lacks the cash flow management skills required to run a business. She opens a store, Tammy's Craft Corner, with the help of her son David - a business major - who manages the budgets and expenses of the business. David prepares the quarterly budget and maintains a company book for recording all transactions. The company book balance that David regularly updates is the sum of:
Answers
Answer:
who the hell keeps helping novice businesses people open up? - a business major - yeah the last two were too.
Explanation:
Summary? Left over cash?
in pure competition, an industry's herfindahl index approaches and in pure monopoly, an industry's herfindahl index equals . multiple choice question. 100; 0 0; 10,000 0; 1000 1,000; 0
Answers
In pure competition, an industry's herfindahl index approaches and in pure monopoly, an industry's herfindahl index equals 1000
What is the herfindahl index?Prior to and after mergers, the Herfindahl-Hirschman Index (HHI), a typical indicator of market concentration, is used to assess market competitiveness.
The Herfindahl-Hirschman Index (HHI), a popular indicator of market concentration, is frequently used before to and after merger and acquisition (M&A) transactions to assess market competitiveness. Market concentration rises as a market gets nearer to monopoly status (and the lower its competition).
In order to assess market competitiveness, the Herfindahl-Hirschman Index (HHI), a widely used indicator of market concentration in an industry (i.e., the size of enterprises relative to the industry they are in), is utilized.
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A new firm is developing its business plan. It will require $720,000 of assets, and it projects $452,800 of sales and $354,300 of operating costs for the first year. Management is quite sure of these numbers because of contracts with its customers and suppliers. It can borrow at a rate of 7.5%, but the bank requires to have a TIE of at least 4.0, and if the TIE falls below this level the bank will call in the loan and the firm will go bankrupt. What is the maximum debt-toassets ratio the firm can use? (Hint: Find the maximum dollars of interest, then the debt that produces that interest, and then the related debt ratio) Select the correct answer. a. 45.60% b. 37.32% c. 40.08% d. 42.84%
Answers
The correct answer is option a. 45.60%. The firm can use a maximum debt-to-assets ratio of approximately 45.60% to meet the TIE requirement of at least 4.0 and avoid bankruptcy.
To find the maximum debt-to-assets ratio, we need to determine the maximum amount of debt the firm can have based on the requirement of having a Times Interest Earned (TIE) ratio of at least 4.0. The TIE ratio is calculated by dividing the earnings before interest and taxes (EBIT) by the interest expense. In this case, the firm's operating costs are given as $354,300. To calculate the EBIT, we subtract the operating costs from the projected sales: $452,800 - $354,300 = $98,500.
Now, we can calculate the maximum interest expense that the firm can afford by multiplying the EBIT by the TIE ratio: $98,500 / 4.0 = $24,625. Next, we divide the maximum interest expense by the borrowing rate of 7.5% to find the maximum amount of debt: $24,625 / 0.075 = $328,333.33. Finally, we calculate the maximum debt-to-assets ratio by dividing the maximum debt by the total assets: $328,333.33 / $720,000 = 0.45608, or approximately 45.60%.
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