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Leona [35]
3 years ago
11

Consider the production function

Business
1 answer:
hichkok12 [17]3 years ago
6 0

Answer:

<u>Requirement 1:</u> Production Output will be 61.42 Units.

<u>Requirement 2:</u> Production Output will be doubled.

<u>Requirement 3:</u> Constant Returns to Scale

Explanation:

<u>Requirement 1:</u>

The output at K=46 and N=82 is given as under:

Y = (46)^1/2  *  (82)^1/2

Y = 61.42 Units

<u>Requirement 2:</u>

Now if we double "K" and "N" then:

Y' = (2K)^1/2  *  (2N)^1/2

Y' = 2 [(K)^1/2  *  (N)^1/2]

Y' = 2Y

This means that the output will be doubled.

<u>Requirement 3:</u>

Option A. Constant Returns to Scale

Constant returns to scale occurs when the increase in the input causes same proportional increase in the production output. Such same proportional increase in the production output is referred to as Constant Returns to Scale.

In the given scenario, as the production output doubles with the doubling of input which was seen in the requirement above. We can say that the production function is characterized by Constant Returns to Scale.

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FromTheMoon [43]

Answer:

Explanation:

Journal entry is a record of transaction in their respective accounts using the debit and credit system. Debit entry represents an increase and credit a decrease.

S / NO             Particulars       Debit          Credit  

 1                      Cash                200,000

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                   Account payable                             483,000

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                      Cost of goods             405,000

                         Inventory                                       405,000

4                            Cash                        562,000

                     Account receivable                              562,000

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6                       Motor Vehicle                 39,000

                               Cash                                                  39,000

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                       Operating exp payable                                  2,000

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10                  Dividends payable                   8500

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7 0
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Olive Maccones dies without a will. She has three sons and seven grandchildren. She owned a substantial amount of property. What
navik [9.2K]

Answer:

The property will be transferred according to the Statute of Descent and Distribution.

Explanation:

Intestacy is the situation where a person dies without leaving a will for the sharing of his estate.

When this happens the descent and distribution statute comes into play.

The heirs or next of kin are beneficiaries to the estate. Heirs can be be blood relatives, adopted children, adopted parent, or surviving spouse.

The line of descent is the order of beneficiaries that are from an ancestor. The line of descent can be direct such as sons, or collateral such as cousins.

In this case where Olive Maccones dies without a will and she has three sons and seven grandchildren, her estate will be distributed by a court based on the line of descent of her sons and grandchildren.

6 0
2 years ago
3F − is bigger than F because
Nady [450]

Answer:

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Explanation:

4 0
3 years ago
The erie canal connected industry and consumers in the east with what group?
umka21 [38]

The Erie canal was able to connect industries and consumers in the east with c. Midwestern farmers.

The Erie Canal:

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  • Connected New York City and the Great Lakes
  • Allowed for goods to be shipped to and from the New York to the Great Lakes

The Great Lakes were accessible to farmers in the midwestern region and after the Erie Canal was built, farmers were able to send their produce via the Great Lakes and through the Erie Canal to New York City where it could be purchased by industries and people or shipped internationally.

In conclusion, the Erie canal was very important to midwestern farmers as it increased their reach.

<em />

<em>Find out more at brainly.com/question/6499420. </em>

Options for this question include:

a. Southern planters

b. Canadian fur traders

c. Midwestern farmers

d. New England fishers

7 0
2 years ago
The capital-to-labor ratio is:Question 40 options:a) a key element in decreasing real wages.b) high in rich countries.c) the rat
andrezito [222]

Answer:

b) high in rich countries.

Explanation:

Capital-to- labour ratio measure the degree of capitalisation of an economy.

Labour is the service that is given by workers in exchange for salaries in the production process.

Capital is the long term input that is put into the manufacturing process, usually in the form of machinery or systems that automate production.

Capital-to-labour ratio= Total capital/ Total labour

Rich countries have a high level of capitalisation of their production process, where a lot of activity is automated. So capital is high and labour input is low. This results in a high capital-to-labour ratio.

On the other hand poor countries are more labour inensive, so their capital-to-labour ratio is low.

7 0
3 years ago
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