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lidiya [134]
4 years ago
15

The assumption that technological progress increases the efficiency of labor is called:

Business
1 answer:
Crank4 years ago
4 0

Answer:

B - Labor-Augmenting Technological Progress

Explanation:

Labour-augmenting technical change process makes workers more productive and enhance efficiency.

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2020 $254000 overstated $200000 overstated 2021 121000 understated 79500 understated Assume that purchases were recorded correct
Dafna1 [17]

Answer:

$241,500 (Understated)

Explanation:

Calculation for how much should Sheridan's retained earnings be retroactively adjusted at January 1, 2022

Retained earnings = $121,000 (Understated) + $200,000 (Understated) - $79,500 (Overstated)

Retained earnings = $241,500 (Understated)

Therefore by how much should Sheridan's retained earnings be retroactively adjusted at January 1, 2022 will be $241,500 (Understated)

8 0
3 years ago
The inverse demand curve a monopoly faces isp= 130 - QThe firms cost curve isC(q) = 40 + 5Q1. What is the profit Maximizing solu
max2010maxim [7]

Answer:

62.50 units

$3,866.25

Explanation:

The price function is:

p = 130 - Q

C = 40+5Q

Profit as a function of quantity (P(Q)) is given by:

P(Q) = Q*p(Q) - C(Q)\\P(Q) = Q*(130-Q)-40-5Q\\P(Q) = -Q^2+125Q-40

The quantity for which the derivate of the profit function is zero is the profit maximizing quantity:

P(Q) = -Q^2+125Q-40\\P'(Q) =0= -2Q+125\\Q=62.50\ units

The​ profit-maximizing quantity is 62.50 units

The economic profit for this production volume is:

P(62.5) = -(62.5^2)+125*62.5-40\\P(62.5)=\$3,866.25

The firm earns a profit of $3,866.25.

6 0
3 years ago
A form of legal organization in which a business association made up of two or more persons is formed for the purposes of carryi
k0ka [10]
Partnership is the answer
5 0
4 years ago
Differentiate between norminal wages and real wages
ZanzabumX [31]

Answer:

A norminal wage is not adjusted for inflation and real wage is adjusted for inflation

4 0
3 years ago
Ben Anderson, the head of product development and product management at Recycline, says that at Recycline, "if you're interested
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4 years ago
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