Answer:
marginal benefit
Explanation:
consumers are most likely going to buy something with value
The PPC, sometimes referred to as the production possibilities frontier, depicts scarcity and tradeoffs.
<h3>What does the
curve of the production possibility frontier represent?</h3>
The production possibility frontier or PPF is a curve used in business analysis to show the different quantities of two items that can be produced when they both rely on the same limiting resources.
Thus, The PPC, sometimes referred to as the production possibilities frontier
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Answer:
The correct answer is option D.
Explanation:
An increase in the size of tax is likely to increase the tax revenue when the price elasticity of supply, as well as price elasticity of demand, are both large.
The imposition of tax will cause an increase in the price of the product. If the price elasticity of demand is higher, an increase in the price will lead to a more than proportionate decrease in demand.
At the same time, high price elasticity of supply means that when the tax is imposed the sellers will be able to reduce quantity more easily.
So when less output is produced and demanded the tax revenue will also be lower.
Answer:
$345,103 Is the answer I'm not good at explaining things so I won't attempt it.
Answer:
214,000 trays
Explanation:
Budgeted sales in unit. 205,000
Add: targeted ending inventory 27,000
Total requirements. 232,000
Deduct: beginning inventory (18,000)
Budgeted units to be prod. 214,000