Simplify Each of the Following by Using Long Division $11011 _ { 2 } \div 11 _ { 2 }$

question 21

Short Answer

Simplify each of the following by using long division. Some answers may have a remainder.
- $11011 _ { 2 } \div 11 _ { 2 }$

Grasp how changes in resources, technology, and policy can shift the PPF, indicating economic growth or contraction.

Recognize the law of increasing opportunity costs and its graphical representation as a bowed-out PPF.

Identify the economic decisions regarding what, how, and for whom to produce as foundational questions addressed by any economic system.

Understand the impact of technological improvements on production efficiency and the economy's potential output.

---

Definitions:

High-low Method

A technique used in accounting and finance to estimate variable and fixed costs based on the highest and lowest levels of activity.

Monthly Fixed Component

The portion of fixed costs, such as rent or salaries, that does not change with the volume of production or sales in a given month.

Lubrication Cost

The expense associated with maintaining machinery through oiling and greasing to ensure smooth operation.

Variable Lubrication Cost

A variable cost associated with the amount of lubrication needed for machinery in the manufacturing process, which varies with the level of production activity.