Business, 10.09.2019 18:10 keleakelea

Suppose an economy produces two goods, food and machines. this economy always operates on its production possibilities frontier. last year, it produced 50 units of food and 30 machines. this year it experienced a technological advance in its machine-making industry. as a result, this year the society wants to produce 55 units of food and 30 machines. which of the following statements is true? 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 30. b in order to increase food production in these circumstances without reducing machine production, the economy must reduce inefficiencies. c because the technological advance occurred in the machine-making industry, increases in output can only occur in the machine industry. d the technological advance reduced the amount of resources needed to produce 30 machines. these resources could be used to produce more food.

Answers: 3

Show answers

Another question on Business

Business, 21.06.2019 22:30

Owning a word is a characteristic of a powerful a. productb. servicec. organization d. brand

Answers: 2

Answer

Business, 22.06.2019 17:10

At the end of the current year, accounts receivable has a balance of $550,000; allowance for doubtful accounts has a credit balance of $5,500; and sales for the year total $2,500,000. an analysis of receivables estimates uncollectible receivables as $25,000. determine the net realizable value of accounts receivable after adjustment. (hint: determine the amount of the adjusting entry for bad debt expense and the adjusted balance of allowance of doubtful accounts.)

Answers: 3

Answer

Business, 22.06.2019 19:10

The stock of grommet corporation, a u.s. company, is publicly traded, with no single shareholder owning more than 5 percent of its outstanding stock. grommet owns 95 percent of the outstanding stock of staple inc., also a u.s. company. staple owns 100 percent of the outstanding stock of clip corporation, a canadian company. grommet and clip each own 50 percent of the outstanding stock of fastener inc., a u.s. company. grommet and staple each own 50 percent of the outstanding stock of binder corporation, a u.s. company. which of these corporations form an affiliated group eligible to file a consolidated tax return?

Answers: 3

Answer

Business, 22.06.2019 20:20

John has served as the chief operating officer (coo) for business graphics, inc., a publicly owned firm, the past 5 years. which of the following statements about john is correct? both john and the ceo of business graphics must certify to the sec that the firm's financial statements are accurate. as the coo, john will be ranked higher than the ceo but still below the cfo. in john's postition as the coo, it is highly unlikely that he would also be the chairperson of the board of directors. as the coo, john would typically be involved with accounting, finance, and asset purchase decisions.

Answers: 2

Answer

You know the right answer?

Suppose an economy produces two goods, food and machines. this economy always operates on its produc...

Questions