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Morgarella [4.7K]
3 years ago
9

Suppose that the production function is qequalsUpper L Superscript 0.50Upper K Superscript 0.50. What is the average product of

labor AP Subscript Upper L​, holding capital fixed at ModifyingAbove Upper K with caret​? A. AP Subscript Upper Lequalsq divided by Upper L. B. AP Subscript Upper LequalsUpper L Superscript negative 0.50ModifyingAbove Upper K with caret Superscript 0.50. C. AP Subscript Upper Lequals0.50Upper L Superscript negative 0.50ModifyingAbove Upper K with caret Superscript 0.50. D. Both a and b. E. All of the above.
Business
1 answer:
Mars2501 [29]3 years ago
5 0

Answer:

D. Both a and b

Explanation:

The average product of worker is a term of economy in which we identify the output per worker. This function enables to understand the output by each worker. The function can be written as

AP q/L

Where q is output and L is number of worker.

It enables to understand the average product of output over the input. The average product is useful to identify the production at specific level of input. This is a common measure for labor productivity.

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A company bought new heating system for $64,000 and was given a trade-in of $3,400 on an old heating system, so the company paid
zheka24 [161]

Answer:

$64,000

Explanation:

The Cost price of the item Acquired is measured at fair value. When the Fair Value of Both the Asset Acquired and Asset given up can be determined reliably, the fair value of the asset given up will be used. Unless, the fair value of the asset acquired is more evident, that value may be used.

<u>Measurement of New Heating System :</u>

Cash                           $60,600

Add Trade In Value      $3,400

Total                           $64,000

7 0
2 years ago
During 2018, P Company discovered that the ending inventories reported on its financial statements were incorrect by the followi
const2013 [10]

Answer:

D. $30,000 overstated

Explanation:

Understatement of ending Inventory overstate the value of cost of Goods sold and understate the value of Net income and retained earning as well.

Overstatement of ending Inventory understate the value of cost of Goods sold and overstate the value of Net income and retained earning as well.

In 2016 the net income and retained earning was understated by $120,000.

In 2017 the net income and retained earning was overstated by $150,000.

Net Effect of both event in Retained earning at January 1, 2018

$150,000 overstated - $120,000 understated = $30,000 overstated

4 0
3 years ago
Granny Gums has established a scholarship at the Martin College of Dentistry. She will make deposits into an endowment account t
OleMash [197]

Answer:

<u>Scholarship Amount would be $45.68</u>

Explanation:

Deposits into an endowment account that pays 12% per year

Year 0 Deposit $100

Year 1 Deposit $90

Year 2 Deposit $80

Year 3 Deposit $70

Year 4 Deposit $60

Year 5 Deposit $50

Year 6 Deposit $40  

First find the present worth of the gradient deposits.  

P = 100 + 90(P/A, 12%, 6) - 10(P/G, 12%, 6) = $380.69  

A = 380.69 (0.12)

A= $45.68

3 0
3 years ago
Here are selected data for Creek​ Corporation: Cost of materials purchases on account $ 68 comma 700 Cost of materials requisiti
Sedbober [7]

Answer:

$29,900

Explanation:

According to the scenario, computation of the given data are as follows:-

Predetermined Manufacturing Overhead = 130% of Direct Labor Cost

= $77,000 × 130÷100 = $100,100

Direct Material= $51,300 - $4,500 = $46,800

Direct Labor = $77,000

Total Added Cost to WIP = Manufacturing Overhead + Direct Material + Direct Labor

=$100,100 + $46,800 + $77,000 = $223,900

WIP Inventory at the End of The Year = Beginning WIP Inventory +Total Added Cost to WIP - Cost of Goods Manufactured

= $29,700 + $223,900 - $223,700

= $29,900

5 0
3 years ago
How to make a promotional mix for a company
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Establishing the promotional mix that's right for your company involves seven steps:
Determine Your Target Market. ...

Determine Your Objectives. ...

Design Your Message. ...

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Measure the Results of the implemented program and Adjust as needed.
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