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3 years ago

Identify the careers that require a college degree and those that require technical training.

Business

1 answer:

Korvikt [17]3 years ago

3 0

<h3><u>Careers that require a college degree and those that require technical training:</u></h3>

The career that require college degrees are Engineering ,Doctor,nurse and other medical related fields .There are also some fields that does not require a specific degree and can take such careers are accountant,supply chain and logistics,sales,teaching.

And, the career that does not require any degree but needs technical training are dental hygienists, physical therapist and radiation,wind turbine technician , a gamer ,plumber , Junior technician , ground keeper,security guard,web developer ,personal care and home health aide,a hairdresser,a patrol officer,an anchor or a medical assistant.

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The cob Douglas production function is given by Q(K,L)=AK^1.4*L^1.6

Alexeev081 [22]

Part a) The Cob Douglas production function is given as:

$Q(K,L)=AK^{1.4} L^ {1.6 } .$

To show that this function is homogeneous with degree 3, we introduce be a parameter, t.

$Q(tK,tL)=A(tK)^{1.4} (tL)^ {1.6 } .$

Using properties of exponents, we on tinder:

$Q(tK,tL)=At^{1.4}K^{1.4} t^ {1.6 }L^ {1.6 } .$

This implies that:

$Q(tK,tL)=t^{1.4} \times t^ {1.6 }(AK^{1.4} L^ {1.6 } )$

$Q(tK,tL)=t^{1.4 + 1.6}(AK^{1.4} L^ {1.6 } )$

Simplify the exponent of t to get;

$Q(tK,tL)=t^{3}(AK^{1.4} L^ {1.6 } )$

Hence the function is homogeneous with degree, 3

Part b) To verify Euler's Theorem, we must show that:

$K\frac{\partial Q}{\partial \: K}+L\frac{\partial Q}{\partial \: L}=3AK^{1.4}L^{1.6}$

Verifying from the left:

$K\frac{\partial Q}{\partial \: K}+L\frac{\partial Q}{\partial \: L} =K(1.4AK^{0.4} L^{1.6}) + L(1.6AK^{1.4} L^{0.6})$

$K\frac{\partial Q}{\partial \: K}+L\frac{\partial Q}{\partial \: L} =1.4(AK^{1.4} L^{1.6}) + 1.6(AK^{1.4} L^{1.6})$

$K\frac{\partial Q}{\partial \: K}+L\frac{\partial Q}{\partial \: L} =(1.4 + 1.6)(AK^{1.4} L^{1.6})$

$K\frac{\partial Q}{\partial \: K}+L\frac{\partial Q}{\partial \: L} =3(AK^{1.4} L^{1.6})$

Q•E•D

8 0

2 years ago

A company is trying to decide whether to sell partially completed goods in their current state or incur additional costs to fini

Ghella [55]

Answer:

b-the costs incurred to process the units to this point

Explanation:

Since in the question it is given that the company want to decide whether to sell partially completed goods or should incurred extra cost in order to finished the goods and sells them as a completed unit

So there should be the decision regarding selling price for the units that are completed, the selling price for the units that are partially completed and the cost i.e to be incurred for finishing the units

8 0

2 years ago

Describe what a petty cash fund is by completing the following sentence. A petty cash fund is used for (large/small) payments in

exis [7]

A petty cash fund is used for small payments in order to avoid the time and cost of writing checks for small amounts.

<h3>What is petty cash?</h3>

A petty cash fund is a small amount of cash, used to pay for minor expenses, such as office supplies or employee reimbursements.

It is the pet a actual ledger book, rather than a computer record.

Hence, a petty cash fund is used for small payments in order to avoid the time and cost of writing checks for small amounts.

Learn more about petty cash here : brainly.com/question/6893535

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4 0

1 year ago

Profit maximization occurs when:

lianna [129]

Answer:

The correct answer is option B.

Explanation:

Profit maximization refers to the situation when a firm is able to maximize the total profit that it could earn through the production of goods and services.

The total profit is maximized when the marginal profit is zero or when the marginal revenue is equal to marginal cost. The marginal profit is the difference between marginal revenue and marginal cost.

If the marginal revenue is greater than the marginal cost the firm should increase production till both are equal.

In case, marginal revenue is less than the marginal cost the firm should stop producing more and reduce production till both are equal.

3 0

2 years ago

WHAT ARE STAKEHOLDERS FOR GOVERNMENT PROVISION??

Temka [501]

Answer:

A stakeholder is any person or organization that has a legitimate interest in a specific project or policy decision. As an economist, whenever you are required to discuss the costs and benefits.

5 0

2 years ago