Answer: Option (C) is correct.
Explanation:
Constant returns to scale production function: When there is an increase in inputs (i.e capital and labor) as a result output increases by the same proportion.
For example: If the amounts of equipment and workers are both doubled in the production of bread then as a result the output of bread also doubled.
Suppose the capital and labor increases by 10% then as a result output also increases by 10%.
Answer:
Yes he can execute the enrollment for her
Explanation:
The power of attorney is a legal document that given the authority to act in place on another person. It can be represented on behalf of other people so that the act could be done.
Here the individual can act legal with respect to the financial issue, property matters, etc
Therefore according to the given situation yes he can be executed
Answer:
D)the second-period demand curve will shift substantially to the right.
Explanation:
If monopolist succeeds in selling a sufficiently high quantity in the first period, then in the second period it will further increase and will shift the demand curve to right hand.
Answer:
$55,000
Explanation:
A Simplified Employee Pension (SEP) Plan is used in the United States by employers or self-employed persons to provide retirement benefits for themselves and their employees
As stated by the Internal Revenue Service (IRS), the contributions that can be made to each employee’s SEP-IRA each year is which one is lower between 25% of compensation and the maximum of $55,000 for 2018.
We can then calculate as follow:
1. Jerry's contribution calculation = 25% × $187,600 = 46,900.
2. Maximum allowable = $55,000.
Since a defined contribution plan states that Jerry will contribute the maximum amount allowable and the maximum for 2018 is $55,000, Jerry's contribution will therefore be $55,000.
Answer:
B. full-service agency.
Explanation:
Full service advertising agency has the ability to handle all marketing process of a company. Starting from the creation of the product until the product is received by customers.
One thing that differentiate full-service agency and normal advertising agency is their involvement in the production process. Normal advertising agency do not involved in the production process.
Full-Service agency on the other hand, involved from the planning, production, and the communication process with the public. They will ensure that the production look goods in term of aesthetic, making sure that the public perception toward the product is effective, and they will also provide customer service to establish positive relationship with the cusotmers.
