subject
Business, 05.02.2020 11:01 cleatcucarol

Suppose an economy produces two goods, food and machines. this economy always operates on its production possibilities frontier. last year, it produced 1000 units of food and 47 machines. this year, it is producing 1050 units of food and 52 machines. which of the following events could not explain the increase in output? a. because the technological advance occurred in the machine-making industry, it will not be possible to increase food production without reducing machine production below 47. b. because the technological advance occurred in the machine-making industry, increases in output can only occur in the machine industry. c. in order to increase food production in these circumstances without reducing machine production, the economy must reduce inefficiencies. d. the technological advance reduced the amount of resources needed to produce 47 machines, so theseresources could be used to produce more food.

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 19:30
What would be the input, conversion and output of developing a new soft drink
Answers: 3
question
Business, 22.06.2019 09:00
How does the plaintiff, mrs. wood, try to implicate the gun manufacturer ( who testifies, what do they say, what evidence is introduced)?
Answers: 2
question
Business, 22.06.2019 18:00
Abbington company has a manufacturing facility in brooklyn that manufactures robotic equipment for the auto industry. for year 1, abbingtonabbington collected the following information from its main production line: actual quantity purchased-200 units, actual quantity used-110 units, units standard quantity-100 units, actual price paid-$8 per unit, standard price-$10 per unit. atlantic isolates price variances at the time of purchase. what is the materials price variance for year 1? 1. $400 favorable. 2. $400 unfavorable. 3. $220 favorable. 4. $220 unfavorable.
Answers: 2
question
Business, 22.06.2019 19:00
The demand curve determines equilibrium price in a market. is a graphical representation of the relationship between price and quantity demanded. depicts the relationship between production costs and output. is a graphical representation of the relationship between price and quantity supplied.
Answers: 1
You know the right answer?
Suppose an economy produces two goods, food and machines. this economy always operates on its produc...
Questions
question
English, 11.10.2020 14:01