What is Production Possibility Frontier? Introduction Microeconomics is a branch of economics dealing with the behaviour of small individual players who impact the decision makers while allocation of resources. Microeconomics and macroeconomics are the major branches of economics. Microeconomics covers the relation of supply and demand with the price and output. Production Possibility frontier is also called as production-possibility boundary‚ production-possibility curve or product transformation
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good without producing less of another. C) not possible to produce more of one good without producing less of another good. D) producing a combination of goods. Use the following to answer question 3: 3. (Table: Coffee and Salmon Production Possibilities) Look at the table Coffee and Salmon Production Possibilities. The table shows the maximum amounts of coffee and salmon that Brazil and Alaska can produce if they just produce one good. The opportunity cost of producing 1 unit of coffee
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Chapter 1 Answers to End of Chapter Questions 1. Agency Problems of MNCs. a. Explain the agency problem of MNCs. ANSWER: The agency problem reflects a conflict of interests between decision-making managers and the owners of the MNC. Agency costs occur in an effort to assure that managers act in the best interest of the owners. b. Why might agency costs be larger for an MNC than for a purely domestic firm? ANSWER: The agency costs are normally larger for MNCs than purely domestic firms for the following
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• Question 1 1 out of 1 points On the managerial grid‚ a leader who is high in both concern for people and concern for production would rate ________. Answer Selected Answer: (9‚9) Correct Answer: (9‚9) • Question 2 1 out of 1 points Recent studies indicate that this measure of ability is the best predictor of who will be a leader in an organisation. Answer Selected Answer: Emotional intelligence. Correct Answer: Emotional intelligence
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entity because it already has primary key and doesn’t depend on any other entity‚ but the reference is weak entity because depends on client entity and doesn’t have primary key. (Section 12.4). 12.11 You are required to create a conceptual data model of the data requirements for a company that specializes in IT training. The Company has 30 instructors and can handle up to 100 trainees per training session. The Company offers five advanced technology courses‚ each of which is taught by a teaching
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CHILD AND ADOLESCENT DEVELOPMENT (PYC2602) QUESTIONS FROM THE STUDY GUIDE Question 2 Which statement is correct with regard to critical periods? (1) Critical periods occur mainly during prenatal development in the physical domain when environmental influences have the greatest impact. (2) A critical period is the specific time when the physical and language development of children and adolescents show the greatest changes. (3) Critical periods are the specific times when the development of certain
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PRETEXT WORK 1. Read the Personal Note to answer the following questions: ✓ What do you know about le Mari de France? ✓ When was the given story written? ✓ What do you know about the literature of that period? 2. Read the following text: "It is not known whether it is a work of imagination but it is probable that love topics were discussed in social gatherings at the courts of great ladies in the medieval epoch. The following rules called Art of Courtly Love were set fourth
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as well as the resources or gunpowder‚ steel and crossbows. (AIU-Online‚ 2010) Because there are no real facts or evidence to why or how an entire group of people can disappear the possibilities seem endless. They could have been taken over by another group of people‚ or each other. Another way could be the possibility of migration‚ as many people come and go‚ the group may have finally dwindled down to nothing. They could’ve starved to death or just died from disease or infection as the immunizations
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Inter-temporal Production Possibilities and Trade Instead of trading one good for another at a point in time‚ we exchange goods today in return for some goods in the future. This kind of trade is known as inter-temporal trade. Even in the absence of international capital movements‚ any economy faces a trade-off between consumption now and consumption in the future. Economies usually do not consume all of their current output; some of their output takes the form of investment in machines‚ buildings
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QUESTIONS AND ANSWERS 1. Evaluate the internal and external environment and analyze major obstacles to making this merger successful. To answer satisfactorily this question‚ students must prepare‚ at a minimum‚ the weaknesses (internal) and threats (external) parts of a SWOT analysis. Students‚ based on their educational and professional background‚ may create many obstacles‚ but the major strategic issues are outlined below: Internal Obstacles a) Culture--Started in 1983‚ America
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