Everything else equal, if the United States runs a large foreign trade deficit, the financing of the deficit will: a. increase g
1 answer:
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Answer:
b. supply is represented graphically by a curve and quantity supplied as a point on that curve.
Explanation:
Qunatity supplied shows how qunatity of a product changes in response to changes in price of that good. According to the law of supply, the higher the price of good, the higher the quantity supplied and the lower the price of a good, the lower the quantity supplied. This shows that quantity supplied has a direct relationship with price.
Changes in quantity supplied is shown by movement along a supply curve.
Changes in supply is caused by other factors other than changes in price. Some of these factors are :
Changes in price of similar goods
Tax
Change in number of suppliers
Technological advancement
Changes in supply is shown by movement of the supply curve either to the left or to the right and not a movement along the supply curve.
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Answer:
C. 95380 equivalent units
Explanation:
Equivalent units is the term used for proportionately equally completed units. This is basically used for allocation of overheads.
Here, actually completed that is 100% complete units = 85,500 units
Further units under work in process = 49,400
Which are 20% complete.
This means that incomplete 49,400 units = 49,400 20% = 9,880 units 100% complete
Thus, total equivalent units = 85,500 + 9,880 = 95,380 units.
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