Answer:
<u>$50</u>
<u>Explanation</u>:
In the production function, Q = K0.5L0.5,
K denotes the fixed input in the short run.
First, we calculate the total cost:
Cost of Capital= 25 x $1 = $25
Cost of Labor (for a start 25 workers are used)= 25 x $1 = $25
Total= $50
Since the price of the solar panels is $100, substrating from the total cost $50 (100-50) we get $50 profit per unit of solar panel.
Answer:
C. workers with more years of formal schooling are less likely to be affected by ability, effort, and chance.
Explanation:
The <em>signalling theory in education</em> tells us that employees send "signals" to their employees regarding their education. In other words, employers are willing to pay higher wages to employees with additional years of formal schooling.
This means these qualified workers have their wage primarily defined by their education level, which does not always reflect their true skill-set (the output of ability and effort).
Answer:
Explanation:
Standard pounds per cake = 3 pounds
Standard unit price = $3
Standard pounds 5500 cakes = 16,500 pounds
Actual pounds per 5500 cakes = 16,650
Variance = (16,650 - 16,500)=150
Cost of actual materials used = actual materials * standard price
=16,650*3 =49,950
Cost of work in progress = Standard materials * standard price = 16,500*3= 49.500
Direct material quantity variance = Quantity variance * 3
150*3 = 450
Journal entry
Debit work in progress = 49,500
Debit material quantity variance = 450
Credit Material = 49,950
Answer:
The population would be 1318 million
Explanation:
Acording to the formula
<h2>
Nt =Noe^{T * r}</h2>
Nt = population size in generation t
No = initial population size.
e= number e
T= number o years
r = rate
<h2>
Nt =325 x ( e^{200 * 0.007})</h2><h2>
</h2><h2>
Nt = 1318 millions</h2>
