1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
juin [17]
3 years ago
10

Is your boss​ right? A. ​Yes, you can tell by the way the income shares for each factor move in opposite directions over time. B

. ​No, if it were a​ Cobb-Douglas production​ function, the income shares would be constant over time. C. The production function cannot be determined without knowing how real GDP changed over time. D. ​No, if it were a​ Cobb-Douglas production​ function, the income shares would change in the same direction over time.

Business
1 answer:
Ipatiy [6.2K]3 years ago
7 0

Answer: B. ​No, if it were a​ Cobb-Douglas production​ function, the income shares would be constant over time.

Explanation:

The Cobb-Douglas production function is usually used to show the relationship between capital and labor( can be used for other variables) and how much output they can produce at varying levels.

The thing about the Cobb-Douglas function however, is that it assumes a constant rate of income shares overtime. This country's income on the other hand, sees its income shares fluctuating overtime so the Cobb-Douglas function is not a good representation for them.  

You might be interested in
Tyare Corporation had the following inventory balances at the beginning and end of May:
Ivenika [448]

Answer:

The correct answer is option (b) $5400

Explanation:

Solution

Calculation of the cost of direct material on May 1

Now,

The starting work In process inventory = Direct materials Cost  + Direct labor  Cost + Manufacturing overhead applied on W.I.P

13,500 = Direct materials cost  + 4500 + 3600

Thus,

Direct material cost = 13500 - 4500-3600 = $5400

Note:  Direct labor cost = 300 * 15 = $ 4500

The manufacturing overhead = 300 hour *  $12 = $ 3600

So, only expenses associated to work in process will be considered, hence only direct labor and manufacturing overhead are used to work in process are considered.

8 0
3 years ago
In order to take advantage of the high quality talent pool, Ernst & Young sets up operations in the Philippines and moves pa
Dmitriy789 [7]

Answer:

c. Offshoring.

Explanation:

Offshoring is the process by which an organisation relocates some of its business processes to another country. This is done to take gain a competitive advantage or to reduce cost. Operations such as manufacturing and accounting can be moved to another country.

Ernst & Young sets up operations in the Philippines and moves part of its tax services to the new facility to take advantage of the high quality talent pool there.

5 0
3 years ago
Read 2 more answers
The decline of newspapers raises concerns because in comparison to television news, newspapers tend to contain more
Lunna [17]
<span>Newspapers tend to contain more facts. TV news is meant as entertainment, to capture an audiences interest and hold it, whereas newspapers are intended to educate, and do only that. Newspapers are not intended to be read fully because no one like all of the different sections, sports, cartoons, politics, science, etc. But TV needs to hold interest to all viewers to remain on the air and capture its viewers attention.</span>
4 0
3 years ago
Which type of payment method will most likely be used for an auction on the Internet?
sergejj [24]
the correct answer is an online payment service
7 0
3 years ago
A 25-year old single client has just started his own small business and is not covered by a retirement plan. He has $5,000 to in
ra1l [238]

Answer:

Roth IRA

Explanation:

Based on this scenario, it can be said that the best recommendation would be a Roth IRA. This is an individual retirement account that non-deductible tax-free growth for retirement at age 59 1/2. As of 2018, the yearly limit for a Roth IRA account is $5,500 meaning that the client in this scenario would not have any problem investing the entire $5000 as soon as they open the account. And since he is in a low tax bracket he should not have any problem opening an Account.

5 0
3 years ago
Other questions:
  • Prioritization is an example of a skill that helps you reach long term goals because...
    15·1 answer
  • Cahalane Corporation has provided the following data for its two most recent years of operation: Selling price per unit $ 91 Man
    14·1 answer
  • Trisha makes purses out of old blue jeans and sells them to customers at local craft fairs. what type of marketing channel does
    8·1 answer
  • Which loan type requires you to make loan payments while you're attending school?
    15·2 answers
  • Johnson Trucking Company wants to determine a fuel surcharge to add to its customers' bills based on the number of miles driven
    11·1 answer
  • 20. Which of the following is not a difference between monopolies and perfectly competitive markets? a. Monopolies can earn prof
    8·1 answer
  • Minter is a small software technology firm. To create equal opportunities in the workplace, the management of Minter wants to hi
    10·1 answer
  • A company begins a review of ordering policies for its continuous review system by checking the current policies for a sample of
    14·1 answer
  • CVP analysis—what-if questions; sales mix issue Miller Metal Co. makes a single product that sells for $32 per unit. Variable co
    10·1 answer
  • Tom was CEO of a company. He stole money from the company by writing a series of checks made out to “Cash” which he deposited in
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!