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3 years ago

12

Suppose the current level of output is 5000 and the elasticity of output with respect to capital is 0.4. A 10% increase in capit

al would increase the current level of output to ___________.
A) 5020
B) 5050
C) 5200
D) 5500

1 answer:

allsm [11]3 years ago

7 0

C iw your answer :))))

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U.S. GAAP for long-lived assets significantly impedes rate-of-return comparisons across companies unless the firms:

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Answer: Apply the same depreciation methods and the same useful lives among similar groups of assets

Explanation:

US GAAP for long-lived assets significantly impedes rate-of-return that is, the annual income from an investment which is being expressed as a proportion of the original investment comparisons across companies unless the firms apply the same depreciation methods and also the same useful lives are applied among identical groups of assets.

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3 years ago

A monopolist's maximized rate of economic profits is $2 comma 700 per week. Its weekly output is 900 units, and at this outpu

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Answer:

Average total cost= $46

Marginal revenue= $33

Explanation:

In this instance the monopolist's total cost is the revenue from sale of one unit less the economic profits per unit

Economic profit per unit= 2,700/900

Economic profit per unit= $3

Average total cost= (Price per unit) - (Economic profit per unit)

Average total cost= 49 - 3= $46

For this instance marginal revenue is equal to marginal cost.

Marginal revenue= Marginal cost= $39

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3 years ago

7. The 2017 balance sheet of Kerber's Tennis Shop, Inc., showed long-term debt of $1.87 million, and the 2018 balance sheet show

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Answer:

The firm's cash flow to creditors during 2018 was –$85,000

Explanation:

The firms cash flow to creditors would be calculating by substracting the interest expense of the firm to the long-term debt taken during the period.

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Cash flow to creditors = –$85,000

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3 years ago

On October 31, Year 1, A company general ledger shows a checking account balance of $8,445. The company’s cash receipts for the

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Answer:

Balance as per cash book $ 8,445

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Add: Deposits in transit ( $ 74,640 - $ 71,375) $ 3,265

Less: Unpresented cheques ( $ 72515- 71270) $ (1,245)

Add: Correction of error <u>$ 940</u>

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Explanation:

For cash book, the adjustments that have to be recorded are the bank service fees, collection of notes and interest.

For bank statements, the adjustments that have to be recorded are the deposits in transits ( collections not deposited). unpresented cheques ( cheques issued but not presented) and the correction of the wrong entry.

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3 years ago

Suppose there are two individuals, Casey and Rick, who live in a very simplified world where only two goods are produced and con

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Answer:

Casey's opportunity cost of producing 1 kg of potatoes is 5 kg of steak.

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3 years ago