Create your own budget. Think about how much money you spend on the things you buy daily. Then using that information, create a plan on how you could lower your spending by cutting out certain items or buying an alternative product. pls answer quickly

Explanation:

Living in the US a daily budget would be something along the lines of

Groceries: $20

Gasoline: $7

Entertainment: $10

Housing expenses: $35

Health Insurance: $11

These would be a sample daily budget of all of the things that an individual would have to consider spending on a daily basis. Obviously, you can always cut down and tighten the budget in order to spend less and ultimately save more money. The main thing would be getting rid of non-necessities such as entertainment. Next, would be taking the bus or walking instead of using a car which would cut your cost by 80% or more. Lastly, would be buying off-brand grocery products that cost less. The only expenses that cannot be adjusted are housing and health insurance since they are necessities and have a fixed price.

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levels of production can be increased by technology while holding labor and capital constant, because increased technology makes the production process more efficient. subsequently, the lras curve is almost a vertical line, that can shift to the right, with an increase in technology.

the relationship between the lras curve and the ppc is that both can make the economy could grow. the ppc achieves that when it shifts outward because of more resources or technological advances while the lras curve shifts if more resources are developed or if there are technological advances.

the lras curve is a vertical line at an output level that represents the number of goods and services a nation can produce over a sustained period using all of its productive resources as efficiently as possible with all of the current technology available to it.

the production possibilities frontier (ppf) is a graphical device that is used for economic analysis of production decisions because the ppf measures the maximum possible combinations of two goods that an economy is capable of producing with its currently available resources and technology.