The production possibilities frontier is 50 baseball bats or 100 2 x 4's.
Production possibilities frontierSupposing that an economy produces only 2 goods: baseball bats and 2 x 4's, and the only input needed to make these goods is trees, and 1 tree makes 10 baseball bats, and 1 tree makes 20 2 x 4's, to determine, if there are 5 trees in the economy, the production possibilities frontier for this economy, the following calculation must be made:
5 x 10 = x50 =X5 x 20 = x100 =XTherefore, the production possibilities frontier is 50 baseball bats or 100 2 x 4's.
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Industries like to be in control of their own destiny and as a result prefer self-regulation to laws imposed by governments. Self-regulation is often ____.
Industries like to be in control of their own destiny and Self-regulation is usually less costly for firms and industry.
What is Self-regulationSelf-regulation is the ability to monitor and manage your behavior, action, emotions, and thoughts in ways that are acceptable.
Self-regulation is usually less costly for firms and industries than government regulation for businesses.
Therefore, Self-regulation is usually less costly for firms.
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A rule that requires developers to provide purchasers with written comprehensive property reports and disclosures with a sales contract is created by the A) Georgia Time-Share Act. B) Georgia Land Sales Act. C) Condominium Declaration. D) Georgia Condominium Act.
Georgia Condominium Act is the law that requires developers to present purchasers written documents of all their agreement about the property involved.
Georgia Condominium Act?Georgia Condominium Act is a rule that requires developer to give a written document contains the terms surrounding the purchase and sale agreement on the property between between the parties involved. All relevant information about the property and the financial cost , deadlines are stated in the documents plus every other necessary agreements. individuals.
Therefore, Georgia Condominium Act. is the law that requires developers to present purchasers written documents of all their agreement about the property involved.
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Sanjay's company was the first to introduce fresh-food meal kits in a box that are delivered directly to consumers who put the meal together at home. Since her company was the first to introduce this idea, it is an example of _____.
As Sanjay's company was the first to introduce fresh food meal kits in a box that are delivered to consumers' homes, the idea is an example of innovation.
Business innovationInnovation is vital to the long-term success of the business in the marketplace. It can be defined as the process of creating a new idea, method or object to fulfill some need. In the business environment, innovation will be a competitive differentiator for a company.
Therefore, disruptive and incremental innovation are essential concepts to generate value, efficiency and positioning for an organization in the market.
The correct answer is:
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According to a study examining the status of sales as a true profession, sales meets the professional criteria of _____ through professional organizations such as the Strategic Account Management Association (SAMA) and through a common sales vocabulary such as that found in textbooks and training materials.
Answer:
Confession
Explanation:
what is marketing management?why is it important?
Its help to stand competent in highly thriving competition in the market.
Answer:
Marketing management is especially important for smaller businesses because it gives them a level footing to complete with larger players in the field.Thorough customer research,creative campaigns and marketing strategies and positive branding can go a long way in providing a brand with an edge over its competition.
Explanation:
hope it helps you
To be an effective planner, you should be a(n) learner in areas beyond the technicalities of your profession.
It is a true statement about being an effective planner who is a learning professional in many areas beyond the technical aspects of his profession.
How to carry out an effective plan?In the business environment, it is necessary to have a comprehensive understanding of internal and external factors that can impact the future of the organization and generate value and market positioning.
Therefore, it is essential that an effective planner is based on technical, social and visionary aspects to ensure that his action plan is positive and successful.
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Answer:proactive
Explanation:
Eco Lawn Care Corp., a company that manufacturers environmentally friendly lawn care products, has been operating as a business for a year. The CEO, Markus, started his venture by deciding on the activities that would be involved and what his goals and objectives for the business were. He then started to recruit professional chemists and other personnel and grouped them according to their responsibilities. Every month Markus conducts a meeting where he brings attention to those who are doing good work and motivates everyone to achieve organizational goals. He also checks the daily productivity of each of the workers, monitoring them and providing training to those with low productivity. By recognizing good performers and motivating them toward achieving organizational goals, Markus performs the ________ function of management.
By recognizing good performers and motivating them toward achieving organizational goals, Markus performs the leading function of management.
What are the Functions of Management?The functions of management refer to the various roles that a manager can take on. One of those roles is functioning as a leader.
In the above scenario, Markus leads his group by recognizing those who need help and providing them with the resources that they need to thrive.
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Is the accounting profession responded in a timely, comprehensive, and effective manner to stakeholders and business current challenges? Explain
Yes the accounting profession is responded in the way that it wwould take care of current business challenges.
What is the accounting profession?This is the profession where financial analysis and other functions such as auditing are carried out.
The institution today is being structured in a way that it would still be able to meet the goals of the times that we are in.
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The idea that the U.S. economy uses the market mechanism to distribute most goods and services and those who receive the most income get the most goods is best represented by the question:
There are different kinds of ideas. The idea that the U.S. economy for who receive the most income get the most goods is best represented by the question called "For whom output is produced".
What kind of system is the United States economy based on?The U.S. is one that has a mixed economy and also show the attributes of f both capitalism and socialism.
In a mixed economy as the above, they often embraces economic freedom regarding capital use and they also allows the government to intervene for public good.
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The market system depends on private property and the protection of property rights to:.
Answer:
provide an incentive to maintain property and allow for the orderly transfer of property ownership
Which of the following is an example of a
management factor of production?
A. training
B. machines
C. warehouses
D. cash
Answer:
A Training
Explanation:
When adjusting the bank balance in a bank reconciliation, which item must be subtracted from the bank balance?.
Answer:deposits outstanding
Explanation:
correct
A retired couple tells a real estate agent that they want to find a home close to medical facilities and a senior citizens center. On which of the five major factors influencing the choice of property location is the couple basing this request?
The major factor influencing the choice of property location is the couple basing the request on Social services.
What is Social services?
These are services that provide support and assistance to disadvantaged people such as elderly and physically challenged.
The retired couple wanting to be close to medical facilities and a senior citizens center means that social services was greatly considered in their choice of location.
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Rohan wants to buy part of a company, and is interested in stocks. He knows that his favorite company, Apple, is traded on the stock market.
Can he purchase stock in the company?
A No, only those who work for Apple can Invest in the company.
B No, but he can purchase Apple dividends.
C Yes, he can buy bonds In Apple.
DYes, he can buy stock in Apple.
Answer:
Yes, he can buy stock in Apple.
Explanation:
He knows that his favorite company, Apple, is traded on the stock market. so Yes, he can buy stock in Apple.
What is the stock price?Stock market Analysts in economics and financial theory utilize random walk techniques to model the behavior of asset prices, particularly share prices on stock exchanges. This technique is founded on the assumption that investors operate rationally and without bias.
As we buy stock straight from company, There are several companies that will sell stock directly to individual investors. Most companies that offer this kind of purchase option don't charge investors a commission, and if they do, the commission or service charge is very low compared to buying stocks through a broker.
Therefore, Thus option (D) is correct.
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Is allowance for doubtful accounts a current asset.
Answer:
Allowance for boubtful accounts is a contra current asset abject code so yes
Explanation:
While not knowing how to get started and cultural differences make the prospect of global trade difficult for small businesses, there is one bright spot on the horizon that has brought global trade closer to home. Small businesses can now
Use technology such as payment platforms to fulfill orders, which gives them some assurance of payment. Health insurance has nothing to do with business operations. The correct option is C.
Cross-border transactions are now much simpler thanks to technology. Businesses can use safe and dependable means to collect payments from clients all over the world using payment platforms like payment platforms.
These payment platforms frequently provide buyer and seller security features, which can provide small businesses with some level of comfort that they will be paid for their goods or services.
Thus, the ideal selection is option C.
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Your complete Question was as follows:
There's a large number of bakeries in the United States and each of these bakeries produces similar, but not identical, products. Some bakeries will claim to have the best cupcakes in town, while others specialize in breads or cookies. The bakery market is an example of
The bakery market is an example of monopolistic competition.
What is monopolistic competition?A monopolistic competition is competitive market. Monopolistic competition can be defined as the way in which companies selling different products or goods compete against one another.
Despite the product produce by this companies are unidentical product, they still compete against each other as some of them will claim to have the best product than the other companies in the market.
Inconclusion the bakery market is an example of monopolistic competition.
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What inventions need to be made?
What difference will they make
Answer:
A nice invention that'd be nice for it to be made would be Anti Polluting Machines they purify the air all over the world ending majority of diseases that could spread throughout the world. Which would make earth a Healthier planet to be on.
Answer:
I think a Dream Recording Device needs to be made
Explanation:
The average person has between 4-7 dreams per night. But most of them are not remembered, or forgotten moments after waking. So wouldn’t it be nice to be able to record your dreams and play them back in 3D High Definition the next day?
Management innovations such as total quality, benchmarking, and business process reengineering cannot lead to sustainable competitive advantage because
Management innovations such as total quality, benchmarking, and business process reengineering cannot lead to sustainable competitive advantage because: every company is trying to implement them and hence it does not make a company different from others.
What are Management Innovations?Management innovations are the practices that companies introduce to make them stand out from others.
Often, many other companies are adopting the same strategies and the end purpose might not be achieved. Thus the result is counterproductive.
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How do you think consumer interest in a product impacts the price of that item?
Explanation:
Price has a relative effect: some consumers are sensitive to price, whereas others do not consider the price when making a purchase decision (Sangadji and Sopiah, 2013). ... Consumers tend to associate price with product level, that is, a perceived high price reflects high quality and vice versa.
write the necessary steps that need to be followed in maketing
One of the foundation blocks of intellectual property law is the__________, a legal concept that grants rights and control to the owner of any published work.
Answer:
copyright
Explanation:
If the income elasticity of a good is positive, we can conclude that the good is.
Answer:
a normal good
Explanation:
If the income elasticity of a good is positive, we can conclude that the good is a normal good
Assume interest is compounded monthly. The ______ annual rate will express this rate as though it were compounded annually.
A compounded interest rate is sometimes called an effective annual rate.
Answer: effective
50 POINTS AND BRAINLIEST
Econ U2 Intro to Economics
Multiple Choice
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3. A sports collector is considering the purchase of either a hockey jersey or a baseball that was struck for a home run. If the collector chooses to purchase the jersey, what is the opportunity cost? *1point
the time lost looking at both items
the net value of the jersey for the collector
the net value of the ball for the collector
4. A farmer must decide between growing peppers or growing tomatoes. Which trade-off is the farmer considering? *1 point
the profit of growing peppers, compared to the profit of growing tomatoes
the retail value of peppers at the store, compared to the retail value of tomatoes at the store
the cost of growing peppers, compared to the cost of growing tomatoes
5. Kendra is trying to decide whether to go to Abby's house to watch a movie or to go to Samuel's house to play board games. They live about the same distance away, and there is no cost for either event. If she chooses to go to Abby's house, what is the opportunity cost? *1 point
There is no opportunity cost because there is no cost associated with either option. Economics do not apply to this kind of decision.
The difference in value to Kendra of the two options
The net value to Kendra of going to Samuel's house to play games.
6. Sergei had to decide among watching a two-hour movie with a cost of $20, buying a book to read for $10 that would take about four hours to read, and going to a three-hour concert for $30. If he considers the benefit of each situation to be proportional to the amount of time, with a value of about $50 per hour, what is the opportunity cost of the best decision? *1 point
$80
$150
$120
9. How does a pure command economy answer the basic question of which goods and services should be produced? *1 point
The producers decide what should be produced.
The government decides what should be produced.
The consumers decide what should be produced.
10. How does a pure market economy answer the basic question of which goods and services should be produced? *1 point
Producers decide what should be produced.
The government decides what should be produced.
The law of supply and demand drives this choice.
11. Which of the following principles of a free enterprise system BEST explains why businesses in an industry cannot maintain an artificially high price? *1 point
producer sovereignty - they can choose to produce what they want
property rights - producers can own or rent the building they manufacture in
open opportunity - other producers can decide to sell it slightly cheaper to attract more customers
12. Which of the following is an example of open opportunity? *1 point
A student learns to make web pages and starts making websites for local small businesses.
A business decides to change its website provider to reduce cost.
A farmer has the right to decide which crops to plant in his field.
13. Which is an example of a private good? *1 point
an internet connection from a local cable company
a personal computer or tablet used to access the internet
positions in a free online game limited to 100 people
14. Which of the following is a positive externality that would result from converting the inner part of a city to a pedestrian only area? *1 point
the increase in commute time for people who work in the area
a decrease in business in the area
the decrease of pollution in the city
Answer: sorry i took long
3. the time lost looking at both items
4. The cost of growing peppers, compared to the cost of growing tomatoes.
5.The net value to Kendra of going to Samuel's house to play games.
6. $150
9. The producers decide what should be produced.
10. Producers decide what should be produced.
11. property rights - producers can own or rent the building they manufacture in
12. A student learns to make web pages and starts making websites for local small businesses.
13. a personal computer or tablet used to access the internet
14. the decrease of pollution in the city
3. A sports collector is considering the purchase of either a hockey jersey or a baseball that was struck for a home run. If the collector chooses to purchase the jersey, what is the opportunity cost?
the time lost looking at both items ✓ the net value of the jersey for the collectorthe net value of the ball for the collector⇢ opportunity cost refers to the time wasted when we look for one thing and buy another one
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4. A farmer must decide between growing peppers or growing tomatoes. Which trade-off is the farmer considering?
the profit of growing peppers, compared to the profit of growing tomatoesthe retail value of peppers at the store, compared to the retail value of tomatoes at the storethe cost of growing peppers, compared to the cost of growing tomatoes ✓⇢Trade off refers to the lost when we perform something resulting in losing a day wage
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5. Kendra is trying to decide whether to go to Abby's house to watch a movie or to go to Samuel's house to play board games. They live about the same distance away, and there is no cost for either event. If she chooses to go to Abby's house, what is the opportunity cost?
There is no opportunity cost because there is no cost associated with either option. Economics do not apply to this kind of decision.The difference in value to Kendra of the two optionsThe net value to Kendra of going to Samuel's house to play games. ✓⇢opportunity cost refers to the time wasted when we look for one thing and buy another one
-----------------------------------------------------------------
6. Sergei had to decide among watching a two-hour movie with a cost of $20, buying a book to read for $10 that would take about four hours to read, and going to a three-hour concert for $30. If he considers the benefit of each situation to be proportional to the amount of time, with a value of about $50 per hour, what is the opportunity cost of the best decision?
$80 $150$120 ✓⇢opportunity cost refers to the time wasted when we look for one thing and buy another one
⇢Most benefit : 2 hours movie cost $20
=$20 + $50 x 2=$20 +$100=$120-----------------------------------------------------------------
9. How does a pure command economy answer the basic question of which goods and services should be produced?
The producers decide what should be produced.The government decides what should be produced.The consumers decide what should be produced. ✓⇢More demand,more production
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10. How does a pure market economy answer the basic question of which goods and services should be produced?
Producers decide what should be produced. ✓ The government decides what should be produced.The law of supply and demand drives this choice.⇢Here , producer being the head , decides what should be produced.
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11. Which of the following principles of a free enterprise system BEST explains why businesses in an industry cannot maintain an artificially high price?
producer sovereignty - they can choose to produce what they wantproperty rights - producers can own or rent the building they manufacture inopen opportunity - other producers can decide to sell it slightly cheaper to attract more customers ✓⇢Lower the price,more the sale if both are of same quality
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12. Which of the following is an example of open opportunity?
A student learns to make web pages and starts making websites for local small businesses. ✓ A business decides to change its website provider to reduce cost.A farmer has the right to decide which crops to plant in his field.⇢ It's government plan to encourage manufacturers
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13. Which is an example of a private good?
an internet connection from a local cable companya personal computer or tablet used to access the internet ✓positions in a free online game limited to 100 people⇢Private good belongs to an individual and not to a group or an organisation
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14. Which of the following is a positive externality that would result from converting the inner part of a city to a pedestrian only area?
the increase in commute time for people who work in the area ✓ a decrease in business in the areathe decrease of pollution in the city⇢the increase in commute time for people who work in the area would help people to use pathways more often
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One suggestion for helping poor countries enjoy the benefits of free trade is for richer nations to reduce barriers to importing products from those nations particularly for __________ and agricultural products.
The suggestion is that poor countries reduce barriers to products relating to agriculture and textile products.
Why the suggestion?It is thought that poorer nations produce certain type of products and these should be traded freely in developed countries. It is hoped that this would allow poorer nations to become richer.Some of those products include agricultural and textile products, both of which require little processing from raw materials which are abundant in poorer nations.
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You are solving a present value equation using a financial calculator and are given the number of years for compounding. This should be entered as the ______ value on the financial calculator. Multiple choice question. I/Y FV PMT N
The number of years for compounding should be entered as the N value on the financial calculator.
What does present value mean?
Present value is the sum of discounted cash flows. The future value is discounted at the interest rate. It is the value today of a future amount of money.
For example, if you would receive a lump sum of 1000 in 10 years. The discount rate is 10%. The present value is: 1000 / 1.1^10 = $385.54
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to create a system of rewards and incentives that promotes good strategy execution and timely achievement of imporant outcomes, a company must
Steve is staying at a hotel while on business in Chicago, but he forgot to bring his ties. Who would he most likely turn to for assistance?.
Answer:
Steve
Explanation:
because he can get in contact with Steve while in the hotel
Gomer decides to spend an hour playing basketball rather than studying. His opportunity cost is: Group of answer choices
Gomer's opportunity cost is the benefit to his grades from studying for an hour.
What is an Opportunity cost?The opportunity cost of an item or a decision taken is based on the concept of the loss of other alternatives when one decision is made out of those other alternatives.
From the given information, Gomer has two alternatives;
To play basketball, or To studyThe inability for Gomer to see the brighter side of studying but rather choose to play basketball for an hour has a detrimental effect on his academics.
Therefore, it would be better if Gomer studied for an hour because the opportunity cost is the benefit to his grades from studying for an hour.
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