Creating Production possibilities schedules curves
Can anyone help me graph this information into a supply and demand calculator? What is supposed to be on the x and y axis?
Answers
Answer: It is a Production Possibilities Curve (PPC) or a Production Possibilities Frontier (PPF).
(Please refer to attached picture)
Explanation: The schedule provided in your question does not require you to draw up a demand and supply graph, but requires you to create a production possibilities curve as shown in the picture I attached. Please note that the picture is not drawn to scale, but just a free hand sketch. Nonetheless, the interpretations would prove very useful.
Let me define in the simplest of terms as much as possible. A production possibilities curve is a curve which shows you every possible combination of production in an economy using up all available resources. It assumes that that there are only two commodities to be produced, hence the curve shows you all the available combination of producing commodities A and B at any point in time with all the factors of production fully utilized. In other words, the curve shows you how many units of Running shoe inserts and Hiking boots inserts you will need to produce simultaneously to maximize profit.
Upon careful observation, at point A, the decision is to produce 10 units of hiking boots inserts and none of running shoe inserts. However, point B shows a different decision which was to produce 3 units of running shoe inserts and 9 units of hiking boots inserts. This implies that not producing any unit of running shoe inserts might not be the best after all, hence the decision to combine 3 units and 9 units.
Note also that both points A and B lie on the curve. This means all resources of production are fully utilized or employed. Point C falls beneath the curve and this means producing at this point is not optimal as the resources for production are not fully utilized or employed. Then point D falls outside of the curve, and production at that point is not possible because it is beyond the available resources for production. Production at point D is only possible if all factors or resources of production are increased.
Another thing to note is that, either of the two variables can be placed on either of the two axes (x axis or y axis). The attached picture has the running shoe inserts plotted on the x axis and the hiking boots inserts plotted on the y axis. It can be the other way round, provided the corresponding figures are plotted correctly, then the graph would always give the same results.
In summary, the PPC gives you all possible options and as the economist it is up to you to decide at what point it would be most profitable to produce both commodities.
Related Questions
When a nation's human and material resources are fully employed, more of any one
product:
a) Can be produced only if there is a general decrease in prices.
b) Cannot be produced.
c) Can be produced only if there is less production of other products.
d) Can be produced only if private enterprise does so rather than the
government.
Answers
Answer:
C. Can be produced only if there is less production of other products.
Explanation:
When a nation's human and material resources are fully employed, then there has to be less production of other products because resources would have to be shifted away from such production and concentrated im producing more of any one item or product.
The above shows a scenario where economizing problem is in force i.e scarcity, which requires proper allocation of resources. It is a major problem faced by many societies and must be solved when there is less production of other products inorder to produce more of any one product.
what
some principal
goals of communication, what
some tom contemporary
examples
are
?
Answers
Answer:
yedujdjdjdjgifjjdjdjdiidufhf
A visual aid can help a group stay on the same page when discussing large concepts
Please select the best answer from the choices provided
ОТ
T or f
Answers
Answer:
T
Explanation:
A visual aid is used to illustrative a concept using a film, slide, or model so that it can be understood more easily. A visual aid can help a group stay on the same page when discussing large concepts as it increases the concentration and retention power of each of the individuals. Such aids strengthen the audience's involvement.
Answer:
True
Explanation:
Carlos plans to start a business related to upcoming technologies. He expects rapid growth in his business venture. Although the risk is high, the
potential returns are high as well. Which source of finance might be apt for Carlos to fund his business?
A venture capitalists
angel investors
OC banks
OD. Initial Public Offering (IPO)
Answers
Answer:
A. Venture capitalists.
Explanation:
Venture capitalists are private investment firms that makes available funding to start up companies which shows traits of rapid growth, high potential returns while also maintaining a stake in the company. The aim of venture capitalists is to receive high return on their investment in the long run.
The risk involved in being a venture capitalist is high hence they look out for growth potential in would be borrowers while also earning huge profit on successful borrowers in the long run.
Venture capitalist recoup their investment either by receiving fees on the funding provided, earn interest on the funding or have an equity stake in the company that obtained the funding.
The source of finance that would be apt for Carlos to fund is business is venture capitalists.
Answer:A
Explanation:Plato
Why might a mutual fund be a better investment than individual stocks and bonds? A. A mutual fund guarantees dividends. B. Stocks are more expensive. C. Risk is diversified with a mutual fund. D. Bonds carry less risk. E. Stockholders can pick the stocks for their mutual fund.
Answers
Answer:
A mutual fund might be better investment than individual stocks and bonds because:
C) Risk is diversified with a mutual fund
Explanation:
Mutual funds is an investment in which money is brought together from a group of investors, which are invested into stock, bonds, money market account, and much more.
We know the famous idiom "Don't put all your eggs in one basket", well mutual funds do that for you. When you invest, you try your best to reduce the risk, and most important way to do it is through diversification. Mutual funds offer investors a great way to quickly diversify their holdings. Unlike stocks and bonds, investors can keep a small amount in one or more funds and have access to a variety of investment options.
Answer: C
Explanation:
Question: Jane wants to open a brokerage account. What is one thing she should consider when trying to decide which type of account to open?
Can someone please answer this
Answers
Answer:
fees
Explanation:
Brokerage accounts are the types of account that grants an individual access to a range of investments that include stocks, and mutual funds. Most of the accounts offer forex and cash management accounts.
The major thing to consider when opening an account is the fees. There are different types of fees that goes with having a brokerage account and these sums of money differ from one broker to another.
When the account is opened, the broker serves as an intermediary between you and the investments the individual wish to buy.
One thing that Jane has to consider while she is trying to consider the type of account to open is the fees that each of the accounts carry.
The two types of brokerage that are available are the full service brokerage and the discount brokerage.
The full service brokerage is the type that would charge a person commissions for the services that they are offering you. This type is a whole costly than the discount type.
Therefore Jane has to put this into consideration first before she decides on the next step to take.
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John asked Ted why he failed to show up at the study group session. He found out that Ted had had a really tough day.
What strategy did John use to get to the truth?
stereotyping
organizing
self-monitoring
perception-checking
Answers
Perception checking is where you check someone's behavior, which is how John found out Ted was having a bad day. (based on Teds behavior)
The balance of an account is determined by
Answers
Which step follows the marketing mix step in the process of marketing management?
Answers
Answer: branding
Explanation:
Dimitri's counselor told him that post secondary
education can be expensive but can pay off in the long
run, what does that mean?
The salary you will earn with a degree will pay back!
the cost of college over your career.
You can get grants and scholarships to pay for post
secondary education while you are there.
There are less expensive options for obtaining a
post secondary education.
All of the above
Answers
The correct answer is A. The salary you will earn with a degree will pay back the cost of college over your career.
Explanation:
The phrase "pay off in the long run" is used to explain an action that will have more benefits than costs or disadvantages if this action is considered in the future. This includes post-secondary education because even when this can be expensive it has many advantages that include access to better job opportunities, personal growth and that you will earn a high salary that will exceed or pay back the costs of college. According to this, the words of Dimitri's counselor mean that "The salary you will earn with a degree will pay back the cost of college over your career."
Answer:
A
Explanation:
Match each region of Virginia to its main source of income,
Piedmont
Appalachian Plateau
Blue Ridge Mountain
Coastal Plain
coal mining
government Jobs
recreation
farming
Answers
Answer:
Piedmont ⇒ government jobs. The northern part of Virginia is loaded with federal government workers and federal agencies. Even though the Piedmont region is much larger, its main source of income comes from government jobs mainly located at the northern part (near Washington D.C.)
Appalachian Plateau ⇒ coal mining. Coal is one of Virginia's most valuable natural resources and it is mined in the Appalachian Plateau region (west of the state).
Blue Ridge Mountain ⇒ farming. The major economic activities in the Blue Ridge Mountain region of Virginia include farming, livestock, lumber and tourism.
Coastal Plain ⇒ tourism. The main sources of income include tourism, shipbuilding and military contractors.
Explanation:
Principal economic activities there include livestock raising, farming, tobacco growing, and lumber production. Commercial apple orchards are found in Virginia, Maryland, and Pennsylvania. The Blue Ridge is a major East Coast recreation area noted for its resorts and scenery. The Appalachian Trail winds atop the range.
Answer:
coal mining - Appalachian Plateau
government jobs - Piedmont
recreation - Blue Ridge Mountain
farming -Coastal Plain
TRUE OR FALSE FOR BRAINLIEST ANSWER When interpreting a contract, the court will give pre-printed terms greater weight than hand-written terms.
Answers
Answer:
false
Explanation:
hand written terms are deemed more official in terms of business and professionalism
the subject line of an email is “confirming the meeting you requested for wednesday.” what type of positive business message does this subject line convey?
a. goodwill message
b. adjustment for a claim
c. request for information
d. response to a request for action
e. claim
Answers
Answer:
d. response to a request for action.
Explanation:
Business message refers to any business related messages conveyed between two or parties within(employees, board of directors) or outside(creditors, suppliers, customers) an organization.
Positive business message are messages that have positive contents and
are conveyed in clear terms internally in an organization or externally. The messages therein contains information such as confirmation, approval of credits or loan, congratulatory messages, directions etc.
With regards to the above, 'confirming the meeting you requested for wednesday' is a positive business message which is an example of response to a request for action.
Answer:
d. response to a request for action.
Explanation:
correct for edmentum
Which of the following purchases is included in the calculation of gross domestic product? Your answer: A used economics textbook from the bookstore New harvesting equipment for the farm 1,000 shares of stock in a computer firm A car produced in a foreign country Government bonds issued by a foreign firm
Answers
The Gross domestic product is a measure of the market value of the goods and services that are made within the percoid.
They add to the private consumption, govt investments, along with the balance of imports and exports. New harvesting equipment for the farm Hence the option B is correct.Learn more about the purchases are included in the calculation of gross.
brainly.com/question/10236660.
What is the return rate for brick-and-mortar stores?
Answers
Answer:
At brick-and-mortar stores, return rates can average a much lower 8.89%, with apparel being returned 9.96% of the time and footwear 9.13% of the time.
1. Identify various production processes and
describe techniques that improve productivity,
including computers - aided design and
manufacturing, flexible manufacturing, lean
manufacturing, and mass customization.
Answers
Answer:
D
Explanation:
On the day before his presentation, Jamie was advised to.
A embed a long video into his slide presentation in case he runs out
of material
B, go to the room beforehand and figure out what technology he
needed to bring
C. bring a projector and computer even though he is presenting in a
smart room
D, make sure he printed out a copy of his entire presentation for
everyone
Answers
Answer:
Go to the room beforehand and figure out what technology he needed to bring.
Explanation:
In bussiness presentation you wont always expect your client to provide you with the technology needed to give the presentation. It is best for you to ask and then come prepared rather than go empty handed.
Answer:
B.
Explanation:
In deleveraging Agency financing cannot be applied
Answers
Answer:
True.
Explanation:
Deleveraging is when there is a fall in loan value which makes worth of financial intermediaries drop hence reduce amount of loan given to individuals or organizations.This will make these organizations sell off their assets in order to cover their exposure to debts.
When an institution is experiencing deleveraging, it means there is financial crisis in there hence agency financing cannot be applied. It will also lead to contraction of economic activity in the country.
A main reason to improve product quality is that doing so can achieve which of the following?
A. Deepening the product mix
B. Extending the product life cycle
C. Lowering the cost to make the product
D. Creating product line extensions
Answers
Answer:
B. Extending the product life cycle.
Explanation:
The main reason to improve product quality is that doing so can achieve Extending the product life cycle. Thus the correct option is B.
What is Product quality?Product quality is a key determiner to know about the satisfaction of customers. It helps businesses to evaluate whether the product is successful in meeting the requirements of customers.
When the product is not performing well its life cycle gets declined due to poor performance factors so the main reason to improve the product quality is to extend the product life cycle so that it can serve in the market for a longer duration of time.
The quality and price of the product are two main factors that help to give rise to its lifecycle by developing bettwer customer satisfaction with the goods and services.
Therefore, option B is appropriate.
Learn more about the product life cycle, here:
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Is the global economy controlled by only a select few larger nations like the United States and China?
Explain
Answers
This is a very complicated question.
So yes, the USA and China are two major economic powers of the world.
However they dont control the global economy completely.
Hope this helps :)
Which describes the purpose of minimum-balance fees?
O make sure customers keep sufficient funds in their account
collect funds for withdrawals from a competitor's machine
pay for the costs of having bank employees
penalize customers for writing checks for money they don't have
Answers
The correct answer is A. Make sure customers keep sufficient funds in their account
Explanation:
In bank accounts or similar, minimum-balance fees are fees paid when your funds or balance is below a certain level determined by the bank or financial institution. In this way, if you keep the total balance or funds above the minimum you can avoid paying certain fees or losing certain benefits. According to this, the main purpose of minimum-balance fees is to motivate customers to keep sufficient funds or money in their accounts, and in this way avoid extra fees.
How can small business owners find ways to raise investment capital they need to start a business?
Answers
Answer:
Start with your savings.
Talk to friends and family.
Find a partner who's got the cash.
Fly on the wings of an angel investor.
Apply for small business grants and loans
Use your assets.
Get advance funding from customers.Explanation:
five productive activities where division of labour is not needed
Answers
Answer:
1. Fitness
2. Reading
3. Watch educational videos
4. Think of inventions
5. Eat
Explanation:
Your friend wants to buy a new television that is out of his budget; however, he discovers a local place where he can get the television and then make weekly payments. Based on what you learned in the lessons, is this a wise financial decision? Explain why or why not.
Answers
Answer:
This is not a smart financial decision. This sounds like an example of a rent-to-own service. With this weekly payment method, this service may charge him high interest rates. Once he fully pays off the television, he will have paid way more for it than he originally would've had to.
Explanation:
Personal Financial Literacy on FLVS
A large firm allocates its accounting duties to a small organization that specializes in the accounting field. Which data-management technique
does the firm use?
The large firm uses the
datamanagement technique.
Answers
Answer:
The data management technique being used by the firm is called:
Outsourcing Data Management
Explanation:
Outsourcing Data Management helps to improve business efficiency, accelerate performance and ensure the effective and efficient functioning of the database management system and workflow.
One of the advantages of using data management service providers is that, because they are very focused and specialised in that area of service, they are in the know about the latest technologies, which help to ensure:
Data Security: Outsourced Data Management companies (because they have the advantage of the economics of scale can employ the best hands and the best encryption technologies that help secure the data of their clients. Data Integrity: This simply means that due to advanced data storage techniques, they can ensure that files don't get corrupted over time and that they are always accessible regardless of how long it has been stored. Data Scalability: This refers to the ability of the companies to accommodate huge sizes of data as they are being generated by their clients.Cheers!
TRUE OR FALSE FOR BRAINLIEST ANSWER A covenant not to sue is a contractual provision in which one party promises not to sue the other.
Answers
Answer:
true
Explanation:
Each of the statements below are true about inflation EXCEPT
Answers
Lisa had only been on her new job for a couple of weeks when she began to
feel uncomfortable. She felt like she was being harassed and eventually, had
to leave. What type of unemployment does this scenario describe?
Answers
Answer:
out of the options, it should be B. frictional
hope this helps
Explanation:
The type of unemployment, this scenario describes, is frictional unemployment. The correct option is C.
What is frictional unemployment?Short-term unemployment includes frictional unemployment. When someone actively seeks a job or a new career, they are said to be in a frictional state of unemployment.
Unemployment that is only intermittent isn't always a terrible thing. In fact, since it's voluntary, frictional unemployment may be a sign of a strong economy.
If an individual leaves their work voluntarily or is dismissed, they are considered to be frictionally unemployed. Frictionally unemployed people include recent graduates looking for their first job as well as other new workers.
Therefore, the correct option is C, frictional unemployment.
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The question is incomplete. Your most probably complete question is given below:
A. cyclical unemployment
B. Natural unemployment
C. Frictional unemployment
D. Structural
In the northern colonies, cities sprang up
around trade ports, resulting ina need
for more
A. slaves
B. plantations
C. ship builders
Answers
Answer: C. Ship Builders is the right answer
Explanation:
Which of the following observations regarding the valuation of bonds is correct?
A. For a given change in the required return, the shorter its maturity, the greater the change in the market value of the bond.
B. When the market rate of return is less than the stated coupon rate, the market value of the bond will be more than its face value, and the bond will be selling at a premium.
C. When interest rates rise so that the required rate of return increases, the market value of the bond will increase.
D. The market value of a discount bond is greater than its face value during a period of rising interest rates
Answers
Answer:
I think the correct awnser is D-The market value of a discount bond is greater than its face calue during a period of rising intrest rates
Explanation: