There is only one price at which the two curves connect when the supply curve is ascending and the demand curve is descending. This means that the price at which equilibrium is reached is a single price. It implies that the market will not be in equilibrium at any price other than the equilibrium price. Next, we look at what occurs when prices differ from the equilibrium price.
A supply curve and a supply schedule At a price of $6 per pound, the two curves cross; at this price, the amounts demanded and supplied are equal. Every month, 25 million pounds of coffee are sought after by buyers and offered for sale by sellers. The coffee market is in a state of equilibrium. There won't be a propensity for pricing to move unless the supply or demand curves alter. In each market, the equilibrium price is the one where supply and demand are equal. Thus, $6 a pound is the market's equilibrium price for coffee. The quantity that is required and provided at the equilibrium price is known as the equilibrium quantity.
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A camping equipment company hires a marketing research firm that finds that their drinking cup is perfect for toddler use, totally independent of camping. The company is now considering ways to market the cup to that market. It sounds as though the research company did a type of _____.
performance research
performance research
programmatic research
programmatic research
evaluative research
evaluative research
selective research
A camping equipment company hires a marketing research firm that finds that their drinking cup is perfect for toddler use, totally independent of camping.
The company is now considering ways to market the cup to that market. It sounds as though the research company did a type of programmatic research
This is further explained below.
What is programmatic research?Generally, Programmatic research is a technique to theory development that follows a methodical and step-by-step process.
It is possible to continue in either an inductive or a deductive manner, as was just mentioned above; nonetheless, it is essential that a logical development can be seen from one experiment to the next.
In conclusion, A manufacturer of camping supplies engages a marketing research organization, which determines that the business's drinking cup is suitable for use by toddlers regardless of whether or not the user is camping.
Now, the business is thinking of other methods to sell the cup to customers in that area. It would seem that the research firm engaged in a kind of study known as programmatic research.
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Units transferred in to department 2 from department 1 during the period and units in beginning inventory for department 2 for the same period are always equal. True or false?.
This is false that units transferred to department 2 from department 1 during the period and units in the beginning inventory for department 2 for the same period are always equal.
Beginning inventory consists of both work in progress and finished goods that are ready for sale, as well as the raw materials and components necessary to make those finished goods. Even if only the latter is shown on the balance sheet, ending inventory from one accounting period is carried over as the beginning inventory for the following one.
There are four ways that businesses might value their initial stock: FIFO, LIFO, weighted average cost, or particular assigned value. Beginning inventory is essential because it lets you know how many items are in stock at the beginning of each period. This enables you to comprehend sales and operational patterns for a certain firm better and make adjustments as necessary.
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are you promoting people just because you like them? try making your promotion decisions solely on the basis of a person’s technical ability to do the work.""
Explanation:
W.B., make sure your managers are spending time in five different areas: planning, organizing, commanding, coordinating, and controlling. If they’re overlooking an area, the company won’t be as effective in Administrative principle
Differentiating among customers in terms of both their needs and their value to the company is the __________ step in one-to-one marketing.
Differentiating among customers in terms of both their needs and their value to the company is the second step in one-to-one marketing.
One-to-one marketing denotes a strategy that ensures personalized interaction with individual consumers. This emphasizes personalization of interaction, which in turn enhances customer loyalty and return on marketing investment. The advantages of one-to-one marketing include customer retention, enhancement of sales, good implementation of upselling and cross-selling, increased ROI, and enhanced customer trust and customer base.
There are 4 major steps for putting up an efficient, one-to-one marketing strategy. They are- identifying the customers, differentiating among them, interacting with them, and customizing the commodity or service to fit each customer's needs.
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The affordable care act (aca) of 2010 requires larger employers to deliver to employees proof of their health insurance offer. what form must be used?
1095-C = Larger firms are required by the Affordable Care Act (ACA) of 2010 to provide employees with documentation of their health insurance plan.
Effects of the law on employers
If you are a large company, you must file form 1095-C for each employee. A copy is given to the IRS as well as the worker. Some of the data on Form 1095-C is also on Form 1095-B. Additionally, it includes the cost of the lowest-priced health plan you provide for the employee for self-only coverage.
New requirements and opportunities for access to healthcare were established by the Affordable Care Act (ACA) in the United States. This bill was passed by Congress in March 2010. Most people are now required to get insurance.
The law established new reporting guidelines and sanctions to aid in the enforcement of these regulations. Both people and employers are impacted. We want you to comprehend the implications of the legislation for you.
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an overseas phone call is charged at one rate (a fixed amount) for the first minute, and charged at a different rate for each additional minute. if a 7 minute phone call costs $10, and a 4 minute phone call costs $6.40, what is the rate charge for the first minute, and what is the rate charged for each minute after the first?
An overseas phone call is charged at one rate (a fixed amount) for the first minute and at a different rate for each additional minute. If a 7 min call
x = fixed rate for first minute y = rate per minute for subsequent minutes $10.0
To call an overseas phone in another country, dial 011, and then the code for the country you are calling, the area or city code, and the phone number. For example, if you are trying to call someone in Brazil (country code 55), in the city of Rio de Janeiro (city code 21)we would dial 011 - 55 - 21 - XXXX-XXXX.
The calling party must pay for calls placed to overseas phones. Consequently, when you call international wireless customers using your landline phone, foreign service providers may pass through to our U.S. service provider the additional cost of connecting the call, which shows up as a surcharge on your bill.
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Which method of the thread class was used in the starter code for this laboratory project?
A laboratory task – a laboratory for quality management or for studies – includes diverse functional areas: The analytical system. The technical device. The laboratory with fixtures and utilities deliver. The technical building gadget.
Laboratory management is chargeable for imparting advice and information to scientists on fitness and protection, particularly on a way to carry out threat checks and on appropriate management measures.
Laboratory techniques are primarily based on mounted scientific principles related to biology, chemistry, and physics, and embody all components of the clinical laboratory from testing the quantity of LDL cholesterol in your blood to analyzing your DNA to developing microscopic organisms that may be inflicting contamination.
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matthew needed money for some unexpected expenses, so he borrowed $3,900.55 from a friend and agreed to repay the loan in four equal installments of $1,100 at the end of each year. the agreement is offering an implied interest rate of .
Matthew needed money for some unexpected expenses, so he borrowed $3,900.55 from a friend and agreed to repay the loan in four equal installments of $1,100 at the end of each year. the agreement is offering an implied interest rate of 11.00%
A loan is a kind of credit arrangement in which a certain amount of money is given to another party in return for the value or main amount being repaid in the future. The lender will frequently increase the principal amount by adding interest or finance charges, which the borrower must pay in addition to the principal sum. In addition to being accessible as an open-ended line of credit up to a predetermined maximum, loans can be for a fixed, one-time sum. Secured, unsecured, commercial, and personal loans are just a few of the many various types of loans available. Term loans are fixed-rate, fixed-payment loans, whereas revolving loans or lines can be borrowed, repaid, and then borrowed again.
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A ledger provides a chronological record of all transactions affecting the firm. true false
False, A ledger does not provide a chronological record of all transactions affecting the firm.
What is a ledger?The ledger permanently compiles all amounts put in supporting journals, which categorize particular transactions by date. Every transaction has a journal as its starting point and a ledger as its final destination. The financial statements of a corporation are produced using the summary totals from the ledgers.
Ledgers include:
Accounts payable are recorded in the sales ledger. The financial transactions that clients make with the business are recorded in this ledger.The company's purchases are recorded in the purchase ledger.The general ledger consists of five main account types: assets, liabilities, income, costs, and capital.In order for the debits and credits in the overall totals to be equal, there must be a corresponding credit for each debit recorded in a ledger.To know more about ledger visit:-https://brainly.com/question/14837892
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Which are measurable data that can be used to support if a patient is meeting infection-related goals?
The measurable data that can be used to support a patient that is meeting infection-related goals include the following:
Hand washing Pain FeverPerspiring What is a resident care plan?Resident care plan can be defined as a written, comprehensive plan that is developed, maintained, and reviewed within the first two weeks by a registered nurse in collaboration with other facility staff alongside the resident or legal representative, which highlights the type of care and services that the individual resident needs with respect to their goals.
In Medicine, some of the elements of Standard Infection Control Precautions (SICPs) are:
Safe management of care environment.Personal Protective Equipment (PPE).Safe management of care equipment.Patient placement and assessment for infection risk.Hand washing and hygieneRespiratory and cough hygiene.Safe management of linen.Read more on Standard Infection Control here: brainly.com/question/8309226
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the maximum price that a buyer will pay for a good is called question 21 options: a) consumer surplus. b) efficiency. c) willingness to pay. d) equilibrium.
The maximum price that a buyer will pay for a good is called Willingness to pay.
The highest sum of money a consumer is ready to pay for a good or service is known as their willingness to pay (WTP). Willingness to pay fluctuates according to the situation, various demographics, the particular client, and can change over time. As a result, rather than being expressed as a single dollar amount, willingness to pay is typically shown as a price range.
The highest price a consumer is willing to pay is divided by the cost of the good to determine Willingness to pay.
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Joline is a cash basis taxpayer. a renter pays joline the january 2020 rent in december 2019. what are the tax effects of this transaction?
If Joline is a cash basis taxpayer and a renter pays Joline the January 2020 rent in December 2019 the tax effects of this transaction is:
None of the options listedWho is a cash basis taxpayer?A cash basis taxpayer is a kind of taxpayer that only evaluates the income and deductions he receives in a year and records the same in that very year. In the scenario provided above, we can see that the renter was ahead in payment.
Now, there are two methods of payment which are the cash and accrual methods. Since Joline is the cash basis taxpayer, she will record the income on the year that it was received.
Complete Question:
Joline is a cash basis taxpayer. A renter pays Joline the January 2019crent in December 2018. What are the tax effects of this transaction?
1. Joline will recognize rent income for tax purposes in 2019
2. The wherewithal-to-pay concept is the basis for Jolines recognition of the income 2019
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What is the lodging industry term for the formal operating agreement between a hotel's owners and a hotel management company?
Management contract. A management contract is a legal agreement that transfers operational control of a firm to a different business that, in exchange for payment, carries out the appropriate managerial duties.
What Are the Primary Responsibilities of a Manager?There are managers at many different organisational levels. In a leadership capacity, managing of people is one sense which makes the word "manager," while managing tasks and projects is another. Understanding the breadth of this role is useful whether you're applying for a management post or just curious what a management position includes.
In this post, we go over typical management duties and the position of managers in businesses.
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True or false: the pricing system ensures that even the lowest-valued demands are satisfied.
The pricing system ensures that even the lowest-valued demands are satisfied- False
The interaction of a market's supply and demand factors determines price. The desire of consumers and producers to engage in purchasing and selling is represented by demand and supply. When buyers and sellers can agree on a price, a product exchange takes place.
An equilibrium price, also known as a market clearing price, is the agreed upon price when a product transaction takes place. A market price is only an outcome and is not always a fair price. It does not ensure that both the buyer and the seller will be completely satisfied. The behavior of buyers and sellers is typically assumed, which gives a market price a sense of reason.
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Accrual accounting ______.
a. recognizes revenue only when cash is collected
b. records expenses only when paid
c. records expenses when incurred
d. recognizes revenue only when earned
The correct answer is option (c). Accrual accounting records expenses when incurred.
A corporation can use accrual accounting, a financial cash accounting technique, to record cash revenue before getting payment for goods or services sold, or expenses can be recorded as incurred before being reimbursed by the company. In accrual accounting, regardless of when monetary transactions have taken place, the company's cash accounting records the revenue earned. One of two accounting techniques is accrual accounting; the other is cash accounting. Cash accounting only captures revenue once a cash transaction for the products or services has taken place. According to the matching principle, which is the basis of accrual accounting, economic events are recorded when a transaction takes place rather than when a payment is sent or received.
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When preparing a statement of cash flows using the indirect method, cash is not included in the reconciliation analysis. true or false
When preparing a statement of cash flows using the indirect method, cash is not included in the reconciliation analysis False.
What is the Indirect Method? What is covered by the indirect cash flow method?One of two accounting treatments that are used to create a cash flow statement is the indirect method. The indirect method converts the operating component of the cash flow statement from the accrual method to the cash accounting technique by using increases and decreases in balance sheet line items. In reality, the indirect approach is more commonly utilized, especially by larger firms.
The statement of cash flows for the indirect method begins with net income or loss and then subtracts or adds from that amount non-cash revenue and expense items to get at operating cash flow.
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The balance sheet value of a firm's asset minus the balance sheet amount of its liabilities is known as:________
The balance sheet value of a firm's asset minus the balance sheet amount of its liabilities is known as book value.
In accounting, book value is the price of an asset in step with its balance sheet account balance. For property, the cost is based at the unique cost of the asset much less any depreciation, amortization or impairment expenses made against the asset.
what is book value with example?
The book value of assets are mechanically as compared to marketplace values as a part of various monetary analyses. As an example, if you obtain a gadget for $50,000 and its related depreciation become $10,000 consistent with yr, then on the give up of the second one yr, the device could have a book value of $30,000.
What is the book value method?
There are three important formulation for book value: Book value of an asset = overall price - accrued depreciation. Book value of a enterprise = assets - overall liabilities. Book value consistent with share (BVPS) = (shareholders' fairness - favored stock) / average shares first-rate.
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____________ is an international and political movement designed to help goods and services to flow more conveniently across international borders.
Free trade is an international and political movement designed to help goods and services to flow more conveniently across international borders.
What is an international trade?International trade can be defined as a strategic process which typically involves the exchange (buying and selling) of goods, capital, and services (economic transactions) between two or more countries.
This ultimately implies that, an international trade involves economic transactions across international territories or borders, in order to meet the unending demands, requirements, needs, or wants of consumers.
In conclusion, we can reasonably infer and logically deduce that an international and political movement that is designed and developed to enhance the free flow of goods and services across international borders is free trade.
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business processes are semidynamic, semiroutine, monthly business processes such as resource allocation, sales strategy, or manufacturing process improvements.
Managerial business processes are semidynamic, semiroutine, monthly business processes such as sales strategy, resource allocation, or manufacturing process improvements.
Managerial business processes are the processes which are relate to the management of the resources of the company in order to achieve better manufacturing and sales for the company.
In order to meet the demands of the business environment at the time, for this reason, these practices will often be semidynamic and semiroutine. Thus, every business is able to deliver its goods or services to its customers because of its business processes.
Hence, a business process is a set of steps taken in order to achieve an outcome.
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what is the price of an investment that pays you $1000 per month with the first payment in 1 month and the last payment in 6 months if the expected return for the investment is 2.0% per month?( round the value to 0th decimal to get a whole number )
The price of an investment that pays you $1000 per month with the first payment in 1 month and the last payment in 6 months if the expected return for the investment is 2.0% per month is $5,601.43
What is the price of the investment in today's terms?
The price of the investment today is the present value of future cash flows, the present value of monthly payments of $1,000 for the next six months discounted at the monthly interest rate of 2.00% per month, in essence, the fact that the first monthly payment is expected in a month(not immediate) means that the present value of an ordinary as shown below:
PV=PMT*(1-(1+r)^-N/r
PV=price of investment=present value of monthly payments=unknown
PMT=monthly payment=$1000
r=monthly interest rate=2.0%
N=number of monthly payments=6
PV=$1000*(1-(1+2.0%)^-6/2.0%
PV=$5,601.43
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tiger, inc. had actual manufacturing overhead costs of $1,210,000 and a predetermined overhead rate of $4.00 per machine-hour. tiger, inc. worked 290,000 machine-hours during the period. tiger’s manufacturing overhead is: a. $50,000 overapplied. b. $50,000 underapplied. c. $60,000 overapplied. d. $60,000 underapplied
Applying overhead at $4 per hour, 290,000 hours equals $1,160,000.
Underapplied Actual - Applied Overhead
$50,000 less than applied from $1,210,000 minus $1,160,000
How Much Does Overhead Cost?
Overhead rates are expenses related to the production of a good or service. The cost of the corporate headquarters and other non-productivity-related expenses are examples of overhead costs.
By determining how much it costs in overhead for each hour the machine is producing the company's goods, management may choose an acceptable price for the product to ensure that there is a sufficient profit margin to cover its indirect costs.
Indirect costs are those that are associated with overhead or that are not directly connected to the production of a good or service.
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the price of coffee increases by 10%, and as a result, alex purchases fewer donuts. this suggests that to alex, coffee and donuts are: a unrelated goods. b inferior goods. c substitutes. d normal goods. e complements.
The price of coffee increases by 10%, and as a result, Alex purchases fewer donuts. this suggests that to Alex, coffee and donuts are complements.
Coffee is a drink prepared from roasted coffee beans crafted from seeds of Coffea plant species. it's miles darkly colored, sour, barely acidic and has a stimulating effect in people, in general because of its caffeine content material, and is one of the most famous beverages inside the world.
Caffeine is well absorbed by way of the frame, and the fast-term effects are generally skilled among 5 and 30 minutes after having it. those consequences can consist of improved respiration and heart rate, and multiplied intellectual alertness and bodily electricity. relying at the man or woman, those results can last up to 12 hours.
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If you hold a personal value of thriftiness, then you probably will have a favorable __________ toward automobiles with good fuel economy.
If you hold a personal value of thriftiness, then you probably will have a favorable attitude toward automobiles with good fuel economy.
What is good economy?An economic good is a product or service that helps society Economic goods are also somewhat scarce, which leads in missed opportunities. A free good, on the other hand, has an abundance and no possible costs.
Limited resources are used in the creation of economic commodities. For instance, only a few resources are required to produce a simple good like a paper clip. The material itself, which is often steel wire, the tools needed to shape the clip.
Thus, it is attitude.
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a cost management system that provides a structured way of thinking about the relationship between activities and the resources they consume is known as:
It is known as Activity Based Costing System.
ABC is a technique for allocating overhead and indirect costs, such wages and utilities, to goods and services. The ABC method of cost accounting is built on activities, which are defined as any occasion, project, or job with a clear objective.What, using an example, is activity-based costing?Examples include the amount of space required per product, which is used to divide the rent for the factory and the company's maintenance costs, and the quantity of purchase orders (i.e., PO) used to divide the purchasing costs of the purchasing department.To Learn more about Activity Based Costing System click the links.
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According to the institute of management accountants (ima) statement of ethical professional practice, what should a management accountant do if a significant ethical situation can't be resolved?
The accountant should first discuss the matter with the immediate supervisor. A professional who conducts accounting activities such as account analysis, auditing, or the financial statement analysis practice is referred to as an accountant. Accountants work for accounting firms or in internal accounting divisions of large corporations.
They may also establish their own, unique practices. The Accountants can work for an accounting firm or a large corporation with an internal accounting department, or they can establish their own practice. Because the CPA qualification is regarded the gold standard in the accounting profession, many accountants choose to become the Certified Public Accountants.
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doesn’t plan on withdrawing the funds, and wants them to stay in the account until the end of the third year.
If Rosa wants to put a small amount of money in an interest-earning account for three years, doesn't plan on withdrawing the funds, and wants them to stay in the account until the end of the third year she should use Retail CD.
What is a CD?A certificate of deposit, also known as a CD, is a type of savings account that offers a fixed interest rate that is typically higher than the rate on a typical savings account. Additionally, it has a fixed term duration and a fixed withdrawal date, also known as the maturity date. In a CD, your money is locked in for a term that typically ranges from three months to five years. CDs don't have monthly fees, but the majority of them have a penalty for early withdrawal.
How do certificates of deposit function?Without significantly increasing your market risk, a CD allows you to save more money than you have in your savings account.
In exchange for a certain interest rate, you deposit a specific amount of money—say let's $5,000 or $10,000—into an account and agree to keep it there for a predetermined period of time. Assuming you continue to deposit interest payments into the account, if you open a $10,000, 1-year CD with a 2.25% annual percentage yield, your account would be worth $10,225 after a year.
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The complete question is:
"Rosa wants to put a small amount of money in an interest-earning account for three years, doesn't plan on withdrawing the funds, and wants them to stay in the account until the end of the third year."
mr. and mrs. o’carroll want to give their son, liam, a total of $30,000. they each write him a check for $15,000 so they won't have to pay any gift tax. this is an example of:
Mr. and Mrs. O'Carroll want to give their son, Liam, a total of $30,000. they each write him a check for $15,000 so they won't have to pay any gift tax. this is an example of: Tax Avoidance.
What is a Tax Avoidance?
Tax evasion is any lawful strategy employed by a taxpayer to reduce the amount of income tax owing.
Individual taxpayers and organizations alike can utilize tax avoidance strategies to reduce their tax liabilities. Tax credits, deductions, income exclusions, and loopholes are all methods of avoiding taxes.
Is tax evasion lawful or illegal?Tax avoidance is not unlawful; it is frequently used by astute taxpayers who reduce taxable income by using tax law gaps. It is the legal process of changing a person's taxable income in order to lower the amount of tax owing.
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For a project, the objective is usually defined in terms of scope, ____, and cost
For a project, the objective is usually defined in terms of scope, schedule, and cost.
The totality of outputs, scope, and blessings and the work required to supply them. targets Predetermined results towards which attempt is directed. targets may be described in terms of outputs, results, and/or benefits.
Venture schedules are what you plan to attain by way of the cease of our challenge. this could encompass deliverables and assets, or more intangible targets like growing productivity or motivation. Our undertaking goals need to be practicable, time-certain, and specific dreams we could measure at the quit of our mission.
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Ivy company purchases a new delivery truck and signs a note payable at the truck dealership for the total cost. the impact of this transaction on ivy company would be to?
The corporation would raise assets and increase liabilities in accordance with the scenario given the impact of the Ivy Company acquisition.
Define Dealership.A vehicle dealership, also referred to as a ford dealership, is a company that offers new or used cars at wholesale outlets in accordance with a dealership agreement with a manufacturer or its sales subsidiary. It can also move a variety of CPO autos. It employs automobile salespeople to promote its automotive products.
The dealer offers the option to test drive and inspect a variety of automobiles before making a decision, as well as handling state registration, tax collection, and financing arrangements.
It is ready to handle recalls and factory warranty service and will take your used car in trade. The three different types of car dealers are High-Pressure, Bad Debt, and Community Dealers.
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according to the law of increasing opportunity cost, as a society – more and more of a certain good, further production increases involve ever-greater opportunity costs. as a result, producing the good is associated with greater and greater – .
According to the law of growing opportunity cost, the opportunity cost of producing more units of a specific good will rise as an economy advances along its production possibilities curve in the direction of doing so.
The opportunity cost to manufacture an additional good will rise as you expand the production of one good, according to the law of increasing opportunity cost. First, keep in mind that opportunity cost, or what is given up when a decision is taken, is the worth of the next-best alternative.
When resources that are not suitable for producing a good are subsequently employed to produce that good, the opportunity cost will rise. The PPF will change as a result of technological advancements or additional resources.
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