The law of demand states that c) the lower a product's price, the more of that product consumers will purchase during a given period.
Economics is the study of how people use limited resources to meet boundless desires. The law of demand focuses on such limitless desires.
In their economic conduct, people naturally prioritize more urgent demands and needs over less urgent ones, and this carries over into how people choose among the limited resources accessible to them.
For any economic good, the initial unit that a consumer obtains tends to be utilized to satisfy the consumer's most pressing need that that good can satisfy. Price changes can cause movement along a demand curve, but they can not increase or decrease demand on their own.
To know more about law of demand:
https://brainly.com/question/10782448
#SPJ4
Primary markets are markets in which users of funds raise cash by selling securities to funds suppliers.a. Trueb. False
Primary markets are markets in which users of funds raise cash by selling securities to funds suppliers - True
The primary market is the market where new securities, such as shares, stocks, etc., are sold for the first time to the general public, often known as an initial public offering (IPO). The major market is demonstrated by the initial public offering. These securities are bought by investors directly from the issuer, who also receives all sales revenue.
On the other hand, secondary markets are places where securities that have already been issued be purchased and sold by investors rather than being issued for the first time. They, therefore, make it possible for businesses and governments to draw in investors and raise funds for debt repayment or expansion.
Read more about Primary markets on:
https://brainly.com/question/17168396
#SPJ4
your company created a new labor plan, which will save the company a lot of money. however, you have concerns because some associates’ hours will be reduced.
1. First one is highly effective because the talking about plan to the leader is best.
2. Second one is Ineffective.
3. Third one is Moderately effective.
4. Moderately effective
Substantial financial support means the amount of support which equals or exceeds the amount necessary to qualify the individual to be listed as a dependent on federal and state income tax returns.
There will be some older people with a substantial amount of resources available to them in the form of home equity. For some people, paid work involves a substantial amount of their physical activity, but this is lost on retirement.
Learn more about revised labor plan;
https://brainly.com/question/29905719
#SPJ4
Correct question;
Scenario: Your company finalized a revised labor plan, which will save the company a substantial amount of money. However, you have concerns because some of your associates' hours will be reduced.
Please rate the effectiveness of each response.
Talk with your leader to make sure your concerns were considered when the plan was developed.
Because the plan is already finalized, do not bring up concerns at this point.
Continually bring up your concerns until your leader undpoint of view and reconsiders the revised labor model.
Wait to see how the implementation of the new labor plan goes. If there is strong push back from your associates, bring up your concerns to your leader.
Ineffective
Slightly Effective
Moderately Effective
Highly Effective
if a firm is operating inside the production possibility curve, then it indicates that
if a association is running interior the production opportunity curve, then it suggests that the firm is no longer making use of the provided sources and technological know-how efficiently.
What happens when production is inner the production curve?An financial system that operates at the manufacturing opportunity frontier, or the very part of this curve, has the best possible widespread of dwelling it can achieve, as it is producing as lots as it can using its resources. If the amount produced is interior the curve, then all of the sources are no longer being used.
What does the production possibilities curve indicate?The manufacturing possibilities curve (PPC) is a format that indicates all of the different mixtures of output that can be produced given modern-day resources and technology. Sometimes known as the manufacturing probabilities frontier (PPF), the PPC illustrates scarcity and tradeoffs.
Learn more about production possibility curve here:
https://brainly.com/question/14183466#SPJ4a new hardware company is writing its mission statement. which of the following is the best mission statement possible for the new company?
We will work with clients to construct, revitalize, repair, update, or entirely redesign their homes or businesses.
Singular, plural, and noncount nouns can all be used with the word "business." Businesses is the plural of business as a count noun with a -es ending. The easiest type of business structure is a sole proprietorship. The plural version of the word business, which is used to refer to a "company," is simply referred to as businesses. Incorporating a business into a statement is as follows: Over time, Amazon has bought a lot of companies. Any particular company would have appropriate nouns in its names. Since a proper word must identify a particular business, there isn't one that would work for all businesses. A typical noun is "business."
Learn more about businesses here
https://brainly.com/question/29060032
#SPJ4
A new hardware company is writing its mission statement. Which is the BEST mission statement for the new company?
Devaluation of a currency is used to achieve which of the following?a. an elimination of a surplus inthe foreign exchange marketb. an elimination of a shortage in the foreign exchange marketc. a reduction in aggregatedemandd. a lower inflation ratee. a floating exchange rate
Which of the following goals is achieved by devaluing a currency? a. the elimination of a surplus in the foreign exchange market.
A currency is a standardised form of money that is used or in circulation as a means of exchange, such as coins and banknotes. A currency can also be defined more broadly as a system of money that has been used consistently over time in a particular location, generally by residents of a sovereign state. As fiat currencies, this definition covers the US Dollars (US$), British Pound Sterling (£), Euro (€), and Japanese Yen (). Currency exchange markets, which establish the relative values of the various currencies, allow for international commerce and the use of money as a store of value. In this sense, the value of currencies is determined by users or governments, and each type has a certain range.
Learn more about currency:
https://brainly.com/question/14372075
#SPJ4
The principle of comparative advantage does not provide answers to certain questions. One of those questions is as follows:
a. Do specialization and trade benefit more than one party to a trade?
b. Is it absolute advantage or comparative advantage that really matters?
c. How are the gains from trade shared among the parties to a trade?
d. Is it possible for specialization and trade to increase total output of traded goods?
The correct answer is option c. One of the questions that the principle of comparative advantage does not answer is how the gains from trade are shared among the parties to a trade.
The principle of comparative advantage is a fundamental concept in international trade and economics. It explains why countries and individuals should specialize in the production of certain goods and services and trade with others, even if one party is more efficient in producing all goods than the other. However, while the principle of comparative advantage provides a compelling argument for the benefits of trade, it does not provide answers to certain questions.
The principle of comparative advantage states that both parties to a trade will benefit, but it does not specify how the gains from trade will be divided between them. For example, in a trade between two countries, one country may benefit more than the other due to a variety of factors such as market power, bargaining power, and the terms of trade.
Another question that the principle of comparative advantage does not answer is whether it is absolute advantage or comparative advantage that really matters. Absolute advantage refers to the ability of a country or individual to produce a good at a lower cost than another country or individual. Comparative advantage, on the other hand, refers to the ability of a country or individual to produce a good at a lower opportunity cost than another country or individual. While both absolute and comparative advantage can lead to trade, the principle of comparative advantage argues that it is comparative advantage that is the most important in determining the pattern of trade.
To know more about comparative advantage refer to-
brainly.com/question/13221821#
#SPJ11
The project charter serves as a formal legal contract between the project team and the project sponsor.
T or F
False, A formal legal agreement between the project team and the project sponsor is not created by the project charter.
What commitments are made in the project charter?A crucial document known as the project charter describes the fundamental conditions that must be met for the project to live up to stakeholders' expectations. Formally, a project charter is an agreement between a business that has committed to provide a good or service and a client who has requested and received the item or service.
A contract is there one in the project charter?Specified in a project charter is an agreement between the project manager, sponsor, and significant stakeholders. Goals, deliverables, and scope of the project are all specified in it. The charter also details the duties and functions of each team member.
Learn more about project charter: https://brainly.com/question/29899562
#SPJ4
Which events helped create a situation in which manufacturers produced more than customers could buy? (Select all that apply.)
Great Depression
World War II
World War I
Great Recession
In WW2 and the Great Depression, manufacturers produced more than what customers could buy.
During the Great Depression, the majority of countries around the world went through an economic shock (1929–1939). Following a dramatic drop in American stock prices, an economic downturn became evident. The economic contagion, which began around September, was what led to the October 24 Wall Street stock market disaster (Black Thursday). The 20th century's slump was the longest, worst, and widest-spread one ever.
The Second World War, also referred to as World War II or just World War II, was a global conflict that raged from 1939 to 1945. All of the world's major countries, including all of the superpowers, took part in the conflict as members of the opposing Allies and Axis armed alliances (lead by Germany, Japan, and Italy). As numerous parties threw their economic, industrial, and scientific might behind this all-out struggle, the distinction between civilian and military resources became increasingly muddled. The only two nuclear weapons ever used in a war, as well as the deliberate bombing of populous areas, both included aircraft.
To know more about the great depression, click here https://brainly.com/question/29771180
#SPJ4
which of the following is a complex sentence? question 13 options: visit our website to learn more about our newest product line. the conference will be held on monday, but few managers will be able to attend. employers are now using social media sites to screen applicants; therefore, job seekers are advised to clean up their digital presence. because of rising insurance premiums, many companies are offering employee-wellness incentives.
Complex sentence- As a result of rising insurance costs, it is advised that job seekers clean up their online reputation.
Complex sentences fall into one of the four categories of sentences based on structure (simple, complex, compound, and compound-complex). They are unique to complex and complex-compound sentences and are only present in these types of sentences.
A complex sentence consists of one independent clause and at least one dependent clause. It works best when you need to change or amplify the main idea of your claim. Complex sentences are easy to recognize because they frequently use subordinating conjunctions to link clauses, such as because, since, or until.
Dependent clauses, also known as subordinate clauses, are those that cannot be used on their own to complete a sentence. In the absence of an independent clause, a dependent clause is essentially a sentence fragment.
To know more about complex sentence click here,
https://brainly.com/question/14908789
#SPJ4
Consumer complaints are frequently reported to the Better Business Bureau. Industries with the most complaints to the Better Business Bureau are often banks, cable and satellite television companies, collection agencies, cellular phone providers, and new car dealerships. The results for a sample of 200 complaints are in the file BBB.
a. Show the frequency and percent frequency of complaints by industry.
b. Which industry had the highest number of complaints?
c. Comment on the percentage frequency distribution for complaints
Consequently, the cell industry receives the most complaints.
Step-by-step explanation:
a. The frequency and percent frequency of complaints by industry is shown below:
Industry Frequency Percentage Frequency
Bank 26 13%
Cable 44 22%
Car 42 21%
Cell 60 30%
Collection 48 13%
b. Cell has the highest complaints (60).
c. The decreasing order of complaints goes thus: Cell (60%) , Cable (22%), Car(21%).
Both Collection and Bank, together account nearly up to 27% of the total complaints.
addressing (b): The sector with the most complaints
The highest frequency in the aforementioned table is 60, which corresponds to the number of complaints received by the cell industry.
How to solve (c): Comment
The percentage frequency table reveals that the banking industry (at 13%) receives the fewest complaints, while the cell industry (at 30%) receives the most.
To know more about cell industry, click the below link
https://brainly.com/question/29896377
#SPJ4
TRUE/FALSE. the managerial definition of moore's law suggests that computing costs related to chips (microprocessors and silicon-based storage) double every eighteen months.
True. Moore's Law is a prediction made by Gordon Moore, co-founder of Intel, in 1965 that the number of transistors on a microprocessor would double approximately every 18 to 24 months,
leading to a corresponding increase in computing power and decrease in cost per transistor. This has proven to be largely accurate over the years, with computing costs related to chips continuing to decrease while performance continues to improve. As a result, Moore's Law has had a profound impact on the development and evolution of the computer industry, driving innovation and shaping the technology landscape as we know it today.
Learn more about technology here:
https://brainly.com/question/11447838
#SPJ4
What is a key factor contributing to the feeling that some people have been left behind by globalization?
a. Increased protectionism b. high tariff barriers c. advances in technology d. China’s highly skilled workforce
Increased protectionism is a key factor contributing to the feeling that some people have been left behind by globalization. The term "globalisation" is used to describe how trade and technology have increased connectivity and interdependence around the world.
The resulting economic and societal developments are also included in the scope of globalisation. Globalization is the acceleration of international exchanges and movements (of people, things, and services, money, technologies, or cultural norms). One of the effects of globalisation is to promote and protectionism relationships between different communities and places around the world. Additionally, it makes it easier for businesses to expand internationally, diversify across cultures, and pay less in tariffs and taxes while conducting business abroad. further reading.
To learn more about Globalization, click here.
https://brainly.com/question/15283031
#SPJ4
legal positivism, identification with the vulnerable, and cost-benefit are examples of: blank .
Legal positivism, identification with the vulnerable, and cost-benefit are examples are Legal Philosophy: These concepts represent different approaches to understanding the nature of law and how it should be used to govern society.
What is legal positivism?Some key points to consider when discussing these concepts include:Legal Positivism: This philosophy emphasizes the idea that laws are created by human beings and are enforceable because of the power of the state, regardless of whether they are moral or just.Identification with the Vulnerable: This approach to law focuses on protecting the interests of marginalized and vulnerable groups in society.Cost-Benefit Analysis: This method is used to evaluate the potential benefits and costs of a particular decision or action, including legal decisions, by weighing the costs and benefits of different options.To learn more about legal positivism refer:
brainly.com/question/14524536
#SPJ4
Refer to Table 3. 11, GSS data on party ID and race.
Party Identification
Race Democrat Independent Republican
Black 192 75 8
White 459 586 471
a. Using 2 X and 2 G , test the hypothesis of independence between party identification and
race. Report the p-values and interpret.
One way to test the hypothesis of independence between party identification and race is to use a chi-squared test for independence.
What is chi-squared statistic?
The null hypothesis is that there is no association between race and party identification, and the alternative hypothesis is that there is an association. The p-value can be calculated from the chi-squared statistic and the degrees of freedom. This test has (2-1)(2-1) = 1 degrees of freedom.
The chi-squared statistic can be calculated as follows:
chi_squared = sum((observed - expected)^2 / expected) where observed is the number of people in each cell of the contingency table, and expected is the number of people expected in each cell if the variables were independent. The p-value can then be calculated using a chi-squared distribution table or using a statistical software package. The interpretation of the p-value is as follows: if the p-value is less than a significance level (e.g. 0.05), then we reject the null hypothesis and conclude that there is evidence of an association between race and party identification.
If the p-value exceeds the significance level, we fail to reject the null hypothesis and come to the conclusion that there is insufficient data to indicate a link between the two variables.
To learn more about chi_squared refer:
brainly.com/question/4543358
#SPJ4
in developing standards, the fasb considers the: (select all that apply.)
In developing standards, the fasb considers the Needs of investors, Needs of creditors, Feedback from public stakeholders, Needs of preparers Feedback from regulators.
The FASB considers a variety of factors when developing financial reporting standards. This includes the needs of investors, creditors, preparers, and feedback from public stakeholders and regulators.
The needs of investors are an important factor in the development of standards. Investors rely on financial statements to make informed decisions regarding their investments. The FASB seeks to create standards that provide investors with the necessary information to make informed decisions.
The needs of creditors are also a factor. Creditors need to be able to assess the financial stability of a company before they are willing to lend money. The FASB works to create standards that provide creditors with the necessary information to make sound lending decisions.
The feedback from public stakeholders and regulators is also taken into account. The FASB seeks to create standards that are acceptable to all stakeholders and regulators. This includes taking into account concerns from public stakeholders and feedback from regulators.
Finally, the FASB considers the needs of preparers. The standards created by the FASB must be practical and achievable for preparers. This includes taking into account the resources available to preparers and the complexity of the standards.
To know more about feedback from public stakeholders:
https://brainly.com/question/30389801
#SPJ4
who pays
income taxes
Answer:Middle-Income Taxpayers
Explanation:
it is right
Answer:
us citizens
Explanation:
farms in the northern u.s. produce 75% of which global crop yield?
Farms in the northern United States produce 75% of the world’s corn crop yield.
Corn is one of the most vital crops grown in the United States, with the majority of production occurring in the Midwest. Corn is a versatile crop that can be used for a variety of food products, animal feed, and biofuel.
The United States has the highest production of corn in the world due to its unique climate. The combination of warm temperatures, sufficient sunlight, and ample rainfall create the perfect environment for corn to thrive.
The northern United States also has a wide variety of soil types that are ideal for growing corn. The combination of these ideal factors allows farmers in the northern United States to produce a large majority of the global corn crop yield.
To learn more about crops , click here:
https://brainly.com/question/801194
#SPJ4
3. describe the transit point proposal merloni is considering. what would be the costs and benefits of the proposed system?
Merloni is considering a transit point proposal that would provide a connection between their current public transportation systems.
This proposal would involve the construction of new train and bus lines, as well as the addition of new stops and stations. The cost to implement this system would be significant, but the benefits could be great. It could provide more efficient connections between public transportation systems, reduce the amount of time people spend commuting, and provide better access to job centers and other services.
Additionally, it could create new job opportunities and stimulate economic growth in the area. In conclusion, the costs of the proposed transit point proposal should be weighed against the potential benefits it could bring.
To learn more about cost, click here:
https://brainly.com/question/30045916
#SPJ4
FILL IN THE BLANK. marketing was once understood in the sense of making a sale. today, marketing is understood in the new sense of____
Marketing was once understood in the sense of making a sale. today, marketing is understood in the new sense of creating customer value.
What is Marketing?Marketing is the process of identifying, anticipating and satisfying customers' needs and wants through the creation, promotion, and distribution of products and services. It involves various activities such as market research, product development, branding, advertising, sales, and customer service.
The goal of marketing is to reach and engage with the target audience and build brand loyalty while achieving the overall objective of the business, which is usually to generate revenue and increase profitability. Marketing is not just about selling a product, but also about understanding the customer, creating a relationship with them, and providing value through a compelling brand experience.
Learn more about marketing here: https://brainly.com/question/25369230
#SPJ1
what is a limitation in calculating ratios in financial statement analysis
Ratio analysis has some restrictions because it completely disregards the qualitative features and only takes into account the quantitative ones.
What are ratios analysis's drawbacks?Information from ratio analyses is historical in nature; it is not current. External issues, such as a global recession, are not included in ratio analysis. The human component of a company is not measured by ratio analysis.
What are the financial ratios' severe limitations?Listed here are a few financial ratio limitations:
Accounting numbers, however, are also susceptible to errors, approximations, variations in practice, and sometimes even some degree of manipulation. Because of this, ratios are not very useful in reaching valid conclusions.
To know more about financial ratio visit:
https://brainly.com/question/28650442
#SPJ4
what types of decisions concern the allocation and utilization of resources?
Managerial decisions concern the allocation and utilization of resources
The goal of managerial decision-making is to enable the effective and efficient performance of corporate tasks while resolving identified challenges. Making a decision from among a greater number of possibilities is a cognitive process that is dependent on the information, knowledge, experience, and beliefs of the decision-makers. In order to accomplish organisational goals, managerial decisions entail the allocation and usage of resources like time, money, people, and materials.
Effective managers must balance the trade-offs between cost, quality, and time when making decisions that maximise the use of these resources. This calls for a thorough comprehension of the organization's assets and liabilities as well as any potential outside influences on its performance. These choices could be tactical like setting up work hours or strategic like putting money into new technology or expanding into new markets. The results of these choices could significantly affect the organization's performance and long-term viability.
Read more about Managerial decisions on:
https://brainly.com/question/14612567
#SPJ4
What was the role of stockholders in a corporation quizlet?
What type of business organization is entirely legally independent from its owners?
The role of stockholder is provide capital assistance to companies to carry out company management. The type of business that entirely legally independent from its owners is Public Corporations.
In economic and business, a stockholder generally can be defined as a person or entity that owns shares in a corporation. A stockholder also can be described as a person that own the preferred stock or common stock of a corporation (or both). Preferred stock may have special voting rights, dividends, and other features that are not available for common stock. Stockholder give an impact through the company by provide capital assistance to companies to carry out company management.
Here you can learn more about stockholder https://brainly.com/question/18523103
#SPJ4
Which designation includes personally identifiable information?
Information that can be used to identify a person, such as their full name (if it's uncommon), face, home address, email, ID number, passport number, license plate number, fingerprints or handwriting, credit card number, etc., is referred to as personally identifiable information, or PII.
Any information that connects to a specific individual is considered personal information, also known as personal data. Examples of personal information that are readily apparent include a person's name, mailing address, email address, phone number, and medical records (if they can be used to identify the person).
The categories of personal information that are typically covered are listed below: confidential information. sensitive facts about an individual. information on health.
For such more question on Personally:
brainly.com/question/29213175
#SPJ4
Which of these is NOT a function of a hypothesis?
Multiple Choice
Encourages the researcher to broaden the array of data needed.
Encourages researcher to think about facts/data needed to support or reject the hypothesis.
Encourages researcher to think about relationships between variables.
Suggests the research design.
"Encourages the researcher to broaden the array of data needed", is not a function of a hypothesis. Hence, the correct option is A.
An assumption is said to as a hypothesis when it is supported by evidence. Any investigation that turns the research questions into predictions must start here. Variables, the population, and the relationships between the variables are among its constituent parts.
A hypothesis used to examine the link between two or more variables is known as a research hypothesis. One of the roles of a hypothesis is that it makes observations and experiments possible and serves as the basis for further research. Additionally, it aids in correlating the observations and guiding the appropriate enquiries.
The correct answer is option A.
Know more about hypothesis here
https://brainly.com/question/28920252
#SPJ4
measurement of productivity in service is more straightforward than in manufacturing since it is not necessary to take into account the cost of materials.
This statement is True, measurement of productivity in service industries is often more straightforward than in manufacturing, as there are no physical goods produced and therefore no costs associated with raw materials.
Manufacturing is the process of turning raw materials into finished goods through a series of steps. This process involves designing, planning, sourcing materials, producing, testing, and distributing products. The manufacturing process often takes place in a factory setting and may involve a variety of processes such as assembly, molding, cutting, welding, and stamping.
The end goal of manufacturing is to create products that are functional, safe, and of high quality. The success of a manufacturing process depends on many factors including the quality of the raw materials, the efficiency of the equipment, and the skill of the workers.
Manufacturing has a significant impact on the economy as it creates jobs, drives innovation, and contributes to the growth of a country's gross domestic product (GDP). The industry is constantly evolving with the use of new technologies such as robotics, automation, and 3D printing, which are helping to make the manufacturing process faster, more efficient, and more cost-effective.
To learn more about Manufacturing visit here:
brainly.com/question/13740503
#SPJ4
Complete Question:
Measurement of productivity in service is more straightforward than in manufacturing since it is not necessary to take into account the cost of materials.
A). True
B). False
the problem confronting the decision maker is typically referred to as the . group of answer choices hypothetical decision problem theoretical decision problem research context problem management decision problem marketing research problem
The decision-issue maker's is frequently referred to as a marketing research dilemma. The business decision problem inquires as to what data is required and how it might be best acquired.
A decision dilemma is what is it?decision-making issue the issue that has to be resolved and for which research is being done. decision-making that is discovery-focused. a decision-making issue that often aims to address the "what" or "why" aspects of a challenge or chance. Generally, producing useful information is the main goal.
What are managerial decision-making issues?In contrast to the marketing research problem, which asks what information is required and how it may be best collected, the business decision point of concern what the decision maker must do. The goal of research is to provide the knowledge required to make an informed decision.
To know more about decision-making visit:
https://brainly.com/question/13244895
#SPJ4
what is an example of a regional trade agreement that has reduced trade barriers between nations?
One example of a regional trade agreement that has reduced trade barriers between nations is the North American Free Trade Agreement (NAFTA).
NAFTA is a trilateral trade agreement between the United States, Canada, and Mexico that was signed in 1994. The agreement eliminated tariffs and other trade barriers on a wide range of goods and services traded between the three countries, making it easier and more cost-effective for businesses to trade across North America. NAFTA has had a significant impact on the economies of the participating countries, boosting trade and investment, creating jobs, and spurring economic growth. It has also helped to integrate the economies of the three countries and increase their competitiveness in the global marketplace. Overall, NAFTA is considered to be a successful example of a regional trade agreement that has reduced trade barriers and increased economic cooperation between nations.
To learn more about NAFTA here:
https://brainly.com/question/29636043
#SPJ4
raquel is working on a technical seo audit for a new client who recently decided to move their website from http to https. when starting her audit, raquel notices that some http pages were never redirected to the https pages, which is now causing issues for the site in search. however, this client is very resistant to the idea of implementing more redirects, since they've heard that this can lead to a drop in their search performance. how should raquel approach this situation with her client?
She should fully halt the technical SEO audit and inform her client that she is unable to proceed until the redirection of HTTP pages to HTTPS has been handled.
She should explain to her client how redirects operate (emphasis on how 301 redirects transmit "link juice" to new pages), how having HTTP and HTTPS pages creates duplicate content, and how this may have a detrimental impact on the site's speed. She should clarify that, despite the possibility of a decrease in search performance brought on by incorrectly implemented redirects, they are an unavoidable evil and that the HTTP pages must be immediately switched over to HTTPS.
To learn more about SEO click here
brainly.com/question/29582565
#SPJ4
TRUE/FALSE. the production possibilities frontier is a graph that shows the various combinations of output that an economy should produce.
The production possibilities frontier is a graph that shows the various combinations of output that an economy can possibly produce given the available factors of production. So, the given statement is True.
A production-possibility frontier (PPF), production possibility curve (PPC), or production possibility boundary (PPB) is a graphical representation in microeconomics that depicts all the output options for two goods that can be produced using all factors of production, provided that the resources are used fully and efficiently for each unit of time. The opportunity cost (or marginal rate of transformation), productive efficiency, and resource scarcity are only a few of the economic ideas that a PPF highlights (the fundamental economic problem that all societies face).
This tradeoff is typically taken into account for an economy, but it also applies to every person, home, and economic entity. Only by using resources from other products and so generating fewer of them can one good be produced.
To know more about production possibility frontier, https://brainly.com/question/14620714
#SPJ4
jvl inc. adds all direct materials at the start of the production process. for a given period they had 100 units in beginning inventory that were 40% complete as to conversion costs. during the period, 1,500 units were started and completed. ending inventory contained 200 units that were 30% complete as to conversion costs. compute the equivalent units for direct materials using the fifo method.
The equivalent units for direct materials using the FIFO method are 1620 units.
Beginning inventory is 40% complete which means 60% is required to finish it. So,
100 * 60%
= 60 in the beginning inventory
Now, we have 1500 started inventory which makes a total of,
1500 + 60 that is 1560 units.
We have 200 units that were 30% complete in ending inventory which means 60 in ending inventory.
Therefore, the total units are,
1500 + 60 + 60
= 1620 units.
Know more about Inventory Management here:
https://brainly.com/question/13439318
#SPJ4