“Industrial goods are materials used in the production of other goods.” “Consumer goods are finished products that are sold to and used by consumers”
LINK TO WHERE I FOUND THAT INFO:
https://www.investopedia.com/ask/answers/050415/how-are-industrial-goods-different-consumer-goods.asp
Hope that helped have a great day! :)
All the rest of the counties since when they do currency exchange their value of monewy is higher and they have to pay less
To answer the question above if a personal balance sheet is a report to your income and expenses. the answer is letter A, True. Balance sheet as a whole is a statement of the assets and liabilities, it details the income and expenditure over a preceding period of time.
Answer:
Which product is an athlete more likely to endorse? Fast Food
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.
