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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.  

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The Piper Co purchased a new machine 4 years ago at $15 million. The machine can be sold for $5 million today. The firm's curren
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Answer:

$5,750,000

Explanation:

Given that,

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Book value of the current assets:

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4 0
3 years ago
Assume that one year ago, you bought 130 shares of a mutual fund for $27 per share, you received an income distribution of $0.12
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Answer:

Solution:

Dollar amount of total return = Capital gain distributions + Change in market value

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Income and capital gains distribution = ($0.12 + $0.22) x 130 shares

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6 0
3 years ago
What the term economic environment means​
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Answer:

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8 0
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gulaghasi [49]

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