If the Product Sold Between Divisions Has No Intermediate Market

question 8

True/False

If the product sold between divisions has no intermediate market, the opportunity cost of supplying the product internally is the variable cost of the product.

Recognize the significance of the production possibilities frontier (PPF) and its implications.

Comprehend the assumptions made when constructing economic models.

Learn about the effects of technological advances on production possibilities.

Understand the relationship between efficiency, opportunity cost, and economic production points.