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use the figures below to answer the following questions : the production possibilities frontier (PPF) curves,which compare the ancient production of agricultural products to art and literature
A. B.
C.
D.
E.
-Suppose the plow is invented and agricultural productivity greatly increases.Which of the following graphs best depicts how this would affect the PPF?
Variable Cost
Variable Cost refers to expenses that change directly and proportionally with the level of production or sales activity, such as raw materials and direct labor costs.
Fixed Costs
Expenses that remain constant regardless of the amount of goods produced or sold, including lease payments, wages, and premiums.
Operating Income
Operating Income, also known as operating profit, reflects the amount of profit realized from a business's operations, after deducting operating expenses like wages and cost of goods sold, but before interest and taxes.
Financial Risk
The possibility of losing money on an investment or business venture.
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