Based on the above scenario, the production function is Y=K1/3L1/3H1/3.
<h3>What is production function?</h3>
The word production function is known to be an equation that is said to be the one that shows the relationship between the quantities of productive factors (that is labor and capital) that are said to be used and also the number of product that has been obtained.
Note that from the above, the equation that stands for Cobb-Douglas production function with three inputs. K is capital (the number of machines), L is labor, and H is human capital is Y=K1/3L1/3H1/3.
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Answer:
-$28.8.
Explanation:
Note, we were told,
- to assume the cost of a therm is $0.30
- the family uses 600 therms of energy annually.
<u>Savings on old furnace:</u>
- 600 * $0.30 * 0.80 (or written as 80%) = $144
<u>Savings on new furnace:</u>
- 600 * $0.30 * 0.96 (or written as 96%) = $172.8
Difference: $144 - $172.8 = -$28.8.
Answer:
The journal entry to record the contract on November 1, 2018 includes: credit to Accounts Receivable for $162000
Explanation:
Following the Accrual accounting - an accounting method that revenue or expenses are recorded when a transaction occurs rather than when payment is received or made. On November 1, 2018, Cullumber Farm had to pay $162,000 in advance to John Deere. John Deere recorded the cash receiving by the entry:
Debit Cash $162,000
Credit Accounts Receivable $162,000
The company did not record revenue because they did not sell the harvester. This was only the advance payment.
Answer:
The non-partisan organization that has set the rules for U.S. presidential and vice presidential debates since 1987 is discussed below in details.
Explanation:
A non-partisan system is an arrangement of administration or organizations such that general and intermittent elections take place without relating to political parties. there are two types of Non-partisan organizations: De facto and De jure.
The commission of presidential debates was organized in the year 1987 to assure that the debates, as a constant part of every general election. The commission of presidential debate advocate and present debates for the United States presidential and vice-presidential candidate.
A <u>Distributive justice</u> is the principle that dictates that managers should receive a raise in pay based upon their contributions to the organization, and not based on their gender.
<h3>What is the
Distributive justice?</h3>
It is a principle that is mainly concerned with the fair allocation of resources among the diverse members of a community; the fair allocation takes into account the total amount of goods to be distributed, distributing procedure and the pattern of distribution that results as well.
In an organization setting, the principle occurs when all employees believe that outcomes are equitable, that is, the outcomes are either tangible such as pay or intangible such as positive feedback.
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