Answer:
$2,000
Explanation:
Net book value at the end of the 3rd year=26,000-((26,000-2,000/6)*3)
=$14,000
Since the useful life of machine is now revised from the 6 years to 10 years, therefore the total remaining useful life of machine is now 7 years instead of 3 years and accordingly the depreciation from year 4 to year 10 shall be calculated as follows:
Depreciation per year from year 4 to year 10=*14,000-0)/7=$2,000
Answer:
b. supply is represented graphically by a curve and quantity supplied as a point on that curve.
Explanation:
Qunatity supplied shows how qunatity of a product changes in response to changes in price of that good. According to the law of supply, the higher the price of good, the higher the quantity supplied and the lower the price of a good, the lower the quantity supplied. This shows that quantity supplied has a direct relationship with price.
Changes in quantity supplied is shown by movement along a supply curve.
Changes in supply is caused by other factors other than changes in price. Some of these factors are :
Changes in price of similar goods
Tax
Change in number of suppliers
Technological advancement
Changes in supply is shown by movement of the supply curve either to the left or to the right and not a movement along the supply curve.
I hope my answer helps you
<span>Human capital is the term that refers to the knowledge, education, training, skills, and expertise of a firm's workers.
</span>Gary Becker, an economist from the University of Chicago has popularized this term. <span> The human capital includes assets of individuals that can be used to create economic value for the individuals, their employers, or their community: </span>
Never gunna give you up never gunna let you down, sorry I don’t know the answer, oops…
Part a) The Cob Douglas production function is given as:

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

Using properties of exponents, we on tinder:

This implies that:


Simplify the exponent of t to get;

Hence the function is homogeneous with degree, 3
Part b) To verify Euler's Theorem, we must show that:

Verifying from the left:




Q•E•D