Answer:
Shows the output that is produced using different combinations of inputs combined with existing technology
Explanation:
The production function is an <u>expression that links the different amount of inptuts used in the production process and the final output obtained with each combination of inputs, with a given tehcnology.</u>
As an example, if a economy produces only popcorn, a production function would be an expression that shows hou much popcorn that economy can produce with different combinations of corn and sugar, with a given technology.
Answer:
d. reduction in the volume of sales if the price is forced down and an increase in the volume of sales if the price is forced up.
Explanation:
When government implements price controls it can either be a price ceiling ( reduced price) or a price floor (increased price).
A price ceiling gives a maximum price level above which sellers cannot sell their product. This will cause a reduction in amount supplied because the sale of products at lower price will not be attractive. Demand will be in excess for the scarce products.
If a price floor is imposed there is a minimum price that sellers are not allowed to sell below. Sellers are free to sell above this price, supply will increase but there will be less demand for the product at higher price. This causes excess of supply.
Answer:
Understanding electricity storage in batteries.
How does battery energy storage work?
- A battery energy storage system (BESS) is an electrochemical device that charges (or collects energy) from the grid or a power plant and then discharges that energy at a later time to provide electricity or other grid services when needed.
<h3>What is Battery storage?</h3>
- A battery storage system can be charged by electricity generated from renewable energy, like wind and solar power.
- Intelligent battery software uses algorithms to coordinate energy production and computerized control systems are used to decide when to keep the energy to provide reserves or release it to the grid.
To learn more about battery storage, refer
to brainly.com/question/24553900
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The firm should decrease the amount of capital used.
Solution:
The wage rate is $12 per hour and capital is rented at $8 per hour.
The marginal product of labour is 45 units of output per hour and the marginal product of capital is 65 units of output per hour.
A manager hires labour and rents capital equipment in a very competitive
market.
The ratio of marginal product of labour and wage rate
= 
= 3.75
The ratio of marginal product of capital and rent
= 
= 8.125
If the cost ratio is higher, it means that the boss must minimize the volume of money involved in the manufacturing process.
Answer:
the answer given below;
Explanation:
$60 million *25%=$15 million will be tax expense
Income Tax Expense-Current Dr.$15 million
Income Tax Payable Cr.$15 million
For temporary difference on liability, the journal entry will be
Deferred tax expense ($4*25%) $1 million
Deferred Tax liability $1 million
