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
Answer:
3.96
Explanation:
A company's Time Interest Earned ratio shows us its ability to pay its debts.
The income before expenses is given as: $575000
The interest expenses = $145000
The question wants us to find time interest earned ratio. We get this by:
Company's initial income/interest expenses
= $575,000/$145,000
= 3.96
This is the correct answer to the question. The right answer was not listed in the options.
Explanation:
- Q1.Can my eyes capture things within the normal distance?
- Q2. Am I feeling normal without any illness?
Answer for Q1: I would list down things that I could see from normal distance, objects on my left and right and would ask my family member to cross check.
Answer for Q2: Driving with heavy fever, or other illness sometimes make driving difficult. So it risks both passenger and driver's life.
Answer for Q3: I would self check with normal hands-free. I would check one ear at a time.
<span>Money is more easily portable than other things, even gold and silver. Bringing animals or salt to barter takes up a lot of space, whereas money just takes up the amount of space that a piece of paper does. Money is better than bartering for the facilitation of long distance trade for this reason.</span>
