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Ronch [10]
3 years ago
10

Consider a Cobb-Douglas production function with three inputs. K is capital (the number of machines), L is labor (the number of

workers), and H is human capital (the number of college degrees among the workers). The production function is
Business
1 answer:
olga_2 [115]3 years ago
3 0

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.

Learn more about production function from

brainly.com/question/25672041

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as the economy evolves the use of new technologies means the need for jobs in some industies disappear and there are new ______
Hatshy [7]

As the economy evolves the use of new technologies means the need for jobs in some industries disappear and there are new opportunities in others.

Explanation:

Some will benefit from technological developments and hurt others, but the overall employment rate will not be substantially affected in the longer term.

In order to reach some ultimate result, the development of technology can bring on many areas of know-how, including science, engineering, mathematics, linguistics, and history. Technology is sometimes a result of science and technology, even though technology precedes both fields as something of a human activity.

6 0
3 years ago
Blossom Corporation had 291,000 shares of common stock outstanding on January 1, 2017. On May 1, Blossom issued 29,400 shares. (
Naya [18.7K]

Answer:

Weighted-average number of shares = 310,600

Explanation:

Given:

Total shares on January 1, 2017 = 291,000 (for 12 months)

Issue of new shares On May 1, 2017 = 29,400 (For 8 months)

Computation of Weighted-average number of shares:

Weighted-average number of shares = [291,000 × (12/12)] + [29,400 × (8/12) ]

Weighted-average number of shares = [291,000 + 19,600 ]

Weighted-average number of shares = [310,600]

5 0
3 years ago
A corporation purchased a piece of land for $50,000. The corporation paid attorney's fees of $5,000 and brokers' commissions of
larisa86 [58]

To find the total cost of the land is $65,000.

<h3>What is a corporation?</h3>
  • A corporation is a business or other type of organization that has been established by a group of people and has been given legal status as a single juridical person by virtue of a treaty, statute, or other act that has been passed by a state or supranational organization.
  • It can be a private or public law legal entity that is recognized in law for specific purposes.
  • 10 Early corporations were created with a charter (i.e. by an ad hoc act granted by a monarch or passed by a parliament or legislature).
  • The majority of governments currently permit the registration of new corporations.
<h3>What are attorney fees?</h3>
  • Attorney's fee is a word used mostly in the United States to describe payment for legal services rendered by an attorney on behalf of a client, whether in or out of court.
  • It could be a flat-rate, hourly, or contingent charge.

<h3>Solution -</h3>

To find the total cost of the last, add all the numbers as follows:

50000+5000+3000+1500+6000 = 65,500

Subtract proceeds from the scalp = 65,500 - 500 = 65,000

Therefore, to find the total cost of the land is $65,000.

Know more about legal entities here:

brainly.com/question/14037572

#SPJ4

5 0
2 years ago
Similarities between single column cash book and double column cash book<br><br>​
hram777 [196]

Answer:

Both single column cash book and double column cash book are similar because they both record cash payments

Explanation:

A cash book is a book or journal used to record all business transactions within a particular period like receipts, disbursements, bank deposits and bank withdrawals. They are different cash books namely: single column cash book, double column cash book and triple column cash book.

A single column cash book is used to record payments in form of cash while a double column cash book records both cash payments as well as bank transactions.

Both single column cash book and double column cash book are similar because they both record cash payments

8 0
3 years ago
The Academic Computing Center has five trainers available in its computer labs to provide training sessions to students. Assume
tia_tia [17]

Answer:

Total actual utilisation = 1,710 unit

Explanation:

Given:

Design capacity = 1,900 units

Effective capacity = 90%

Actual output = 1,500 units

Total utilisation = ?

Computation of Actual unit utilise:

Total actual utilisation = Design capacity x Effective capacity

Total actual utilisation = 1,900 x 90%

Total actual utilisation = 1,900 x 0.9

Total actual utilisation = 1,710 unit

8 0
3 years ago
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