Answer:
A) no, the quantity increases at a constant rate.
B) yes, quantity increases at a lower rate after each additional units of labor is added.
Explanation:
We should derivate to know if the function increases or decreases:
at until which point this occur:
A)
q = 10 L + K
if K = 2
q = 10L +2
q' = 10
As q' is positive and constant the function increases at the same rate for all the positives values of L.
B)
As L increases, the additional output decreases. This economy faces diminishing marginal returns to labor.
The ending inventory for the current year under fifo, lifo when Nittany company uses a periodic inventory system will be 31300 and 24590 respectively.
<h3>How to calculate the ending inventory?</h3>
Ending inventory simply means the value of goods that are available for sale as held by a company at the end of the accounting period.
The ending inventory under FIFO will be:
= (2810 × 8) + 7(4070 - 2810)
= 22480 + 7(1260)
= 22480 + 8820
= 31300
The ending inventory under LIFO will be:
= (1950 × 5) + 7(4070 - 1950)
= 9750 + 7(2120)
= 9750 + 14840
= 24590
Learn more about ending inventory on:
brainly.com/question/9175496
#SPJ1
Answer: The wealth created from the businesses are not under government control.
Explanation:
A Free Enterprise is an economic system which is privately controlled with little or no government intervention.
The wealth in a free economy system is basically controlled by private individuals as most businesses and industries are under their control.
Answer:
IRS ,AICPA Statements on Standards for Tax Services.
Explanation:
From the question, we are informed about Bob, that has a client with a strong belief that he is correct about an aggressive but creative tax position.
and how Bob files the tax return with disclosure on his client's included.
In the case of agreement on the disclosure of the position, then it should be disclosed to IRS. which is a form of Statements on Standards for Tax Services.they are responsible for quality control as far as tax is concerned.
Answer: Systematic Study.
Explanation:
Holly is making use of systematic study to make sure she selects the best writer for the crucial advert. Systematic Study involves carefully studying a subject matter, by going about the study in steps and connecting vital details before a conclusion is reached.