A certain production possibilities frontier shows production possibilities for two goods, jewelry and clothing. Which of the following concepts cannot be illustrated by this model?

Answers

Answer 1

Answer:

Answer:

A certain production possibilities frontier shows production possibilities for two goods, jewelry and clothing. The following concepts can not be illustrated by this concept:

the flow of dollars between sellers of jewelry and clothing and buyers of jewelry and clothing.

Explanation:

A Production Possibilities Frontier also known as the Production Possibility Curve or Transformation Curve. This curve illustrates a country or a business is utilizing its resources effectively by showing the point at which that country or business is producing its products efficiently.
This curve is unable to tell you the flow of dollars between the seller and buyers of goods of a business or a country.
It only tells us about the production of goods not the flow of cash.

Answer 2

Answer:

Answer: The answer is inflation

Explanation:

Production possibility curve is the locus of points showing the various combination of two commodities that can be produced using the available resources and the available technology. The production possibility curve is a analytical tool which explained the problem of making a choice and opportunity cost., it is used to explain that the cost of producing a particular commodity is the amount of another commodity that must be sacrificed. The production possibility curve can be used to explain the following economic concept

Opportunity cost : This is cost of sacrificing one commodity for the other.This is the alternative forgone in order to produce that commodity.

Full employment : The point on the curve is used to indicate when the country is having full employment or when the country is having an efficient use of resources

Unemployment : The point inside the curve is used to indicate when the country is having unemployment or when such a country is having inefficient use of resources.

Economic growth : The outward shift of the curve indicate that the country is having economic growth, it is used to show when there is an increase in output per head in an economy.

Investment : The production possibility curve is also used to explain when there is increase in investment in the country, in the sense that, investment occurs when more capital goods and fewer consumer goods are produced.

However, The production possibility curve cannot be used to explain the concept of inflation in an economy of a country. In the sense that, in the period of inflation the taste and desires of consumers are not correctly influenced by the prices of goods and services, during inflation less of goods and services are purchased by consumers because inflation reduced their purchasing power.

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11. Describe a product, and then give an example of a time when the demand for this product might be high and the demand for this product might be low. (2-4 sentences.)

Answers

A good example is ham. On normal days, ham are a couple of dollars cheaper because there is no occasion. But during the holidays, the price of the ham increases due to its demand by the customers.

Which organizational aid is best to use when attempting to follow the process involved in an engineering production plan? a. Diagram c. Flowchart b. Organizational chart d. System

Answers

Flowchart is the organizational aid that is best to use when attempting to follow the process involved in an engineering plan. The correct option among all the options that are given in the question is the option "c". Flowchart actually gives a detailed description about the procedure that needs to be followed for a successful end product.

Answer:

C. Flowchart

Explanation:

I just took the test :D

Randy works 50 weeks a year, averaging $500 a week in wages. He is offered a salaried position at $27,500 a year. If he accepts it, he will make ______

Answers

$2,500 more than before

2,500 would be the answer hope this helps

if the price elasticity of demand for food is less then 1 (inelastic), an increase in supply due to an improvement in technology will result in a ______ price and _______ in total revenue.

Answers

Answer:

... an increase in supply due to an improvement in technology will result in a lower price and decrease in total revenue.

Explanation:

Price Elasticity of Demand = % change in quantity demanded / % change in price

When elasticity < 1, % change in price will be larger than % change in quantity demanded.

Increase in supply means increase in quantity to be sold. There will be a larger decrease in price (Normally when price rises quantity demanded falls and vice versa)

Revenue = Price x Quantity => when price decreases more than quantity increases, revenue will fall

Whippet Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2017, at a cost of $101,000. Over its 4-year useful life, the bus is expected to be driven 186,000 miles. Salvage value is expected to be $8,000.

Answers

Answer:

Whippet Bus lines should depreciate the bus $0.50 for every mile driven.

Explanation:

To determine the amount of money that Whippet Bus should depreciate for every mile driven, we first must find the total depreciable value of the bus:

depreciable value = purchase cost - salvage value = $101,000 - $8,000 = $93,000

Now we divide the depreciable value by the expected useful life of the bus measured in miles:

cost per unit of activity = $93,000 / 186,000 miles = $0.50 per mile

How much money do a bank make daily

Answers

On savings accounts, banks make money by paying depositors virtually no interest. Most major banks pay an interest rate of only 0.01% on their savings accounts. And then they use the money customers deposit to make loans at much higher rates. So, we are basically giving interest-free loans to banks. and by the end of the year they will have over a million dollars.

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