1 Improvements in Technology

question 200

Multiple Choice

1. Improvements in technology. 2. Increases in the supply (stock) of capital goods.
3) Purchases of expanding output.
4) Obtaining the optimal combination of goods, each at least-cost production.
5) Increases in the quantity and quality of natural resources.
6) Increases in the quantity and quality of human resources.
Which set of items in the accompanying list would shift an economy's production possibilities curve
Outward?

• A) 2, 5, and 6 only
• B) 2, 4, 5, and 6 only
• C) 1, 2, 5, and 6 only
• D) 1, 3, and 4 only

Identify and classify different types of costs in a business environment, including fixed, variable, and mixed costs.

Understand the concept of cost behavior and how costs change with varying levels of activity.

Recognize committed and discretionary fixed costs and their impacts on financial decision-making.

Calculate the contribution margin and understand its significance in business decision-making.