Books
Study
Career
CheggMate
For educators
Help
Sign in
Find solutions for your homework
Search
business
economics
economics questions and answers
a firm’s production function is given as q = 10 l1/2 k1/2 where l and k are labour and capital. firm’s iso-cost function is c = wl + rk. (a) using this production function, derive the short-run labour demand function, i.e. express the amount of labour employed by the firm as a function of the level of output it produces and the amount of capital it
This problem has been solved!
You'll get a detailed solution from a subject matter expert that helps you learn core concepts.
See Answer
Question: A Firm’s Production Function Is Given As Q = 10 L1/2 K1/2 Where L And K Are Labour And Capital. Firm’s Iso-Cost Function Is C = WL + RK. (A) Using This Production Function, Derive The Short-Run Labour Demand Function, I.E. Express The Amount Of Labour Employed By The Firm As A Function Of The Level Of Output It Produces And The Amount Of Capital It
A firm’s production function is given as Q = 10 L1/2 K1/2 where L and K are labour and capital. Firm’s iso-cost function is C = wL + rK.
(a) Using this production function, derive the short-run labour demand function, i.e. express the amount of labour employed by the firm as a function of the level of output it produces and the amount of capital it employs.
(b) Using your results from part (a), along with the iso-cost equation, determine the firm’s short-run total cost function, assuming the price of capital, r, is $40, the price of labour, w, is $10, and the level of capital is held constant at 8 units.
(c) Using your results from part (b), along with the fact that the firm’s long-run cost function is LRTC = 4Q, determine the level of output, Q, at which the firm’s short-run total cost is equal to its long-run total cost. Also determine the optimal amount of labour that must be combined with the 8 units of capital to produce this level of output.
(d) Using your results from part (c), determine the values of short- and long-run costs.

A person's annual income is $40,000. She subtracts $2,000 for donations to charity. If she is also given a $3,000 tax credit, her total income would be $38,000.

Tax credits are financial incentives that let some taxpayers deduct their accumulated credits from the total amount they repose on the state.

It can also be called as a “discount” that is offered by the state in some circumstances, or a credit given in recognition of prior tax payments. It is not considered as a part of person's income.

The person's gross income would be $38,000 ($40,000 – $2000), here, the Gross Income does not include the deduction, this is considered in the Net taxable income.

Learn more about the tax, refer to:

https://brainly.com/question/16423331

#SPJ1

That invest in a fixed portfolio of municipal or corporate bonds, are categorized as Unit investment trusts.

A unit investment trust (UIT) is an investment firm that provides investors for a certain length of time with redeemable units of a predetermined portfolio, often made up of stocks and bonds. It is intended to generate revenue from dividends and/or capital growth.

Unit investment trusts are investment firms that invest in a predetermined portfolio of municipal or bonds and stocks and have minimal or no management fees. If investors buy a particular amount of a UIT, their sales charge will be decreased.

Learn more about investment here:

https://brainly.com/question/28579893

#SPJ4

On the split date, Newcastle had about 14.56 million shares outstanding. after the split, the number of shares outstanding was 43.68 million shares.

The quantity of a company's shares that are traded on the secondary market and thus accessible to investors is known as outstanding shares.

According to the company's articles of incorporation, authorized shares are the most shares that can be issued to investors. The actual shares issued or sold to investors out of the total number of authorized shares are referred to as outstanding shares.

After a 3-for-1 stock split, the number of shares outstanding would triple. Therefore, the number of shares outstanding for Newcastle after the split would be:

14.56 million x 3 = 43.68 million shares

Learn more about outstanding shares at:

brainly.com/question/28392295

#SPJ4

Answer:

100-120

Explanation:

read it in a book

Answer:

Q+X = [4K^1/2L^1/2] + X

Explanation:

L = labour = workers

K = capital = ovens

You don't have the exact value of Q since the values of K and L are not given.

You should however note that Q is less than or equal to 19 pizzas/hour, since Sharon sought to stretch his capacity by producing up to 20 pizzas/hour owing to the presence of a competitor.

Assuming the distance/difference between 20 and Q is X (a positive number).

Sharon's new hourly cost function will be:

\(Q+X = [4K^1/2L^1/2] + X\)

Q+X = 20 and the law of mathematics states that whatever you add to the left hand side must be added to the right hand side, hence the addition of X to both sides of the equation instead of the left hand side alone.

The function can now be rewritten as 20 = [4K^1/2L^1/2] + X

where X = 20 - Q

The people that benefit from the work done by government and nonprofit accountants are:

Governments are funded by the taxes paid by its people which means that accounting that is done to ensure proper records of the way this money is spent, benefits the taxpayers.

Other nonprofit accounting such as those related to public utility provides such as water and electricity, will benefit those who are paying to use those services. These people are called rate payers.

In conclusion, the accounting mentioned serves ratepayers and taxpayers.

Find out more at https://brainly.com/question/17778112.

Answer:(:

Explanation:

Cash is the asset most susceptible to fraudulent activities.

Decision trees are particularly useful when a sequence of decisions must be made. Hence Option E is the answer.

The development of prediction algorithms for a target variable or the establishment of classification systems based on numerous variables are two prominent applications of the decision tree technique. DTs are a non-parametric supervised learning approach that can be used for regression and classification.

The objective is to learn straightforward decision rules derived from the data features in order to build a model that predicts the value of a target variable. Each internal node represents a "test" on an attribute, each branch indicates the result of the test, and each leaf node represents a class name in this flowchart-like structure (decision taken after computing all attributes).

To learn more about decision tree, refer to:

https://brainly.com/question/28465511

#SPJ4

Answer:  D.create clear standards to be applied fairly before imposing the death penalty.

Explanation: The answer it's right there

The impact of  Furman v. Georgia (1972) was that states had to

This was a case that had to do with the cruel and the unusual way that people faced in the death penalty.

The case ruled that the death penalty was unconstitutional if it was applied in a discriminatory way.

It ruled that the eight amendment was being violated if used in this way.

Read more on Furman v. Georgia here:

https://brainly.com/question/4286300

Output  represents the final products from the production

process and distributed to the customers.

The entire amount of products and services generated by a business or an economy is referred to as output. It stands for the culmination of the industrial process and is frequently quantified and valued.

The raw materials, components, and other resources needed in the production process are referred to as supplies (Option A). The resources, including labour and capital, that are utilised to manufacture goods and services are referred to as input (Option B). Materials (Option D) are a category of input that describes the tangible items utilised in manufacturing. In the field of economics, output is defined as "the quantity of commodities or services produced in a particular time period, by a business, industry, or country," whether they are used for individual consumption or to feed more production. In the discipline of macroeconomics, the notion of national production is crucial.

For such more questions on final products:

brainly.com/question/14616875

#SPJ4

Answer:

from their roots

Explanation:

the roots dig into the ground and absorb water for the plant

Answer:

they obtain their water from the roots of the plant and roots take the water from the soil.

Answer:

Property

Explanation:

I Did it

Answer:

enterprise resource system

The agency need it sales increase by 20 percent if its wants to recoup the income lost by lowering the prices.

In practice, these agency operate by purchasing number of fleet vehicles and renting them to customers for a charge which are influenced by car type, number of days, usage type etc.

Hence, since the agency wants to recoup the income lost by lowering the prices and have total revenues be at least as high as before, them they needs its sale level to increase by at least 20%.

Therefore, the Option B is correct.

Read more about car rental agency

brainly.com/question/1185022

It can be seen from the solutions given that Cain's net income is $24,000.

Net income = Net cash provided by operating activities - Adjustments

= $35,000 - $6,000 - $10,000 + $4,000 + $7,000 + $4,000

= $24,000

Therefore, Cain's net income is $24,000.

Here is a breakdown of the adjustments:

To determine cash flow from operations, it is necessary to include the gain on equipment sales in the net income as it is a non-cash entry.

A rise in accounts receivable implies that customers are prolonging payment of their invoices, resulting in decreased cash flow from the company's activities.

The depreciation expense is classified as a non-cash expense, hence it must be included in the calculation of cash from operations by adding it back to the net income.

A decrease in inventory indicates that the company is experiencing faster turnover of its inventory, leading to increased cash flow generated by its operations.

A rise in prepaid expenses denotes that the company is channeling more funds towards prepaid expenditures like insurance and rent, implying a reduced cash inflow from its operational activities.

A decline in the amount of wages that the company owes indicates that it is not promptly compensating its workforce. Consequently, this implies that the company's operational cash flow is reduced.

Read more about net income here:

https://brainly.com/question/28390284
#SPJ1

The loan types which is interim financing is construction loan.

Interim financing is a short-term loan that helps cover expenses during the construction phase of a new project. It is typically a line of credit or a bridge loan that is paid back when the project is complete. Interim financing is a temporary funding solution that is usually used by a borrower before a permanent financing solution is secured.

This type of financing helps the borrower meet short-term funding needs during a project. It is a type of short-term loan that is used to cover expenses while a long-term financing solution is being arranged. Interim financing may be in the form of loans, leases, or credit lines. Interim financing is a type of financing that is utilized for a brief period to meet a temporary funding need. The correct option is construction loan. Interim financing is frequently used in real estate transactions, especially for construction projects.

It assists developers in obtaining the funds they need to complete the project while also allowing them time to arrange more long-term financing. Because of its short-term nature, interim financing is more expensive than conventional financing. Loans from banks and other financial institutions are the most frequent sources of interim financing. A construction loan is a type of interim financing that is frequently used to cover construction expenditures.

The complete question- a new apartment building is going up downtown. the owner secured interim financing for the job. which of these loan types is interim financing? a)House loan b)Construction loan c)Health insurance

To know more about Interim financing, refer here:

https://brainly.com/question/14673248#

#SPJ11

Harriett is a buyer of goods under the UCC. Harriett purchases hippo chow from the local pet store, which qualifies as a sale of goods.

Under the Uniform Commercial Code (UCC), Harriett would be considered a buyer of goods. The UCC governs commercial transactions, including the sale of goods. The Uniform Commercial Code (UCC) is a comprehensive set of laws that governs commercial transactions in the United States. It was created to harmonize and standardize commercial laws across different states. The UCC covers various aspects of commercial transactions, including the sale of goods, secured transactions, negotiable instruments, and more. It provides a framework for legal rules and principles that regulate contracts, warranties, remedies, and other important aspects of commercial dealings.

Learn more about UCC here:

https://brainly.com/question/30869012

#SPJ11

Hello. You forgot to show the answer options. The options are:

• Accenture should advise the client to wait until the next phase to implement security controls.

• Accenture should develop a custom solution and suggest a timeline extension.

• Accenture has developed accelerators that can deploy specific security controls in hours, a task that used to take months.

• Accenture recommends that the additional security controls are not needed since the Cloud is secure by default.

Answer:

Accenture has developed accelerators that can deploy specific security controls in hours, a task that used to take months.

Explanation:

Accenture will promote a good management of the retailer's files that will go to the cloud promoting the security that it needs. However, this is a slow process, which requires very delicate and precise protocols, which can cause the implementation of security systems to take months to be ready. However, as the retailer has very tight deadlines, Accenture can develop accelerators that will streamline this process.

Investor usually receives income in the form of dividend.

Numerous investment kinds offer multiple investment return options. Capital gains and dividends are both possible with common stocks. Dividend or interest income is added to capital gains (or subtracted from capital losses), and any tax savings are taken into account when calculating total return.

In addition to interest or dividend income, fixed-income securities may also generate capital gains, and partnerships may generate any or all of the aforementioned sources of income on a tax-advantaged basis.

Some investments offer income in the form of dividends or interest, while others have the potential to increase in value. Nevertheless, there are still several that provide tax benefits in addition to current income or capital gains. The sum of these elements makes up an investment's overall return.

To know more about investors:

https://brainly.com/question/28538187

#SPJ4

Answer:

$5.09 cents

Explanation:

Given the following question:

20% of 6.36

In order to find the answer, we will calculate using the formula for percentages then subtract that answer from the initial amount to have our answer.

\(\frac{p\times n}{100}\)
\(\frac{20\times6.36}{100}=20\times6.36=127.2\div100=1.272\)
\(=1.272\)

Round:
\(1.272\)
\(2 < 5\)
\(1.27\)

Now subtract:
\(6.36-1.27=5.09\)
\(=5.09\)

After a 20% decrease the price is now "$5.09 cents." Which means this was the price before the 20% increase.

Hope this helps.

Answer:

January 15, wages expense

Dr Wages expense 32,000

    Cr Federal income taxes withheld 3,000

    Cr FICA taxes (OASDI) withheld payable 1,984

    Cr FICA taxes (Medicare) withheld payable 464

    Cr Medical insurance payable 772

    Cr Union dues payable 260

    Cr Wages payable 25,520

Unemployment taxes, both FUTA and SUTA, are only paid by the employer, therefore, they are not included in this journal entry. The employer also contributes the same amount of FICA taxes as employees.

a(n) entitlement program provides guaranteed benefits for those who qualify under government transfer programs such as social security or medicare.

Medicaid, Medicare, Social Security, unemployment compensation, and welfare are some of the entitlement programs offered by the federal government. Programs for entitlements are rights granted to some residents and citizens by federal law.

Programs that fall under the category of entitlements include Social Security, veterans' benefits, and pensions. These definitions make it clear that a program's eligibility standards and contractual payment obligations, not its funding source determine whether it is an entitlement.

Either general income or federal trust funds are employed to pay for entitlement programs. The goal of income redistribution programs funded by general resources is to combat problems like sickness and poverty.

Learn more about the entitlement program here:

https://brainly.com/question/24224291

#SPJ4

Answer:

Improvements in areas related to Customer and Process Perspectives lead to improvements in the Financial Perspective.

Explanation:

A balance scorecard can be defined as a performance metrics used for measuring and assessing the quality of performance of a company.

Generally, the four (4) performance metrics of a balance scorecard includes the following; customer, learning and growth, internal business processes, and financial.

Hence, a balance scorecard should be used to determine whether or not the operations of a business is in synchronization with its vision statement and values.

Typically, improvements in areas related to Customer and Process Perspectives lead to improvements in the Financial Perspective best explains the cause-and-effect relationships portrayed by the Balanced Scorecard.

Cause and effect can be defined as the relationship between two things or events in which an occurrence of one (cause) leads to the occurrence of another (effect).

With the arrival of the industrial revolution, the companies used to send their salespeople across the country to sell in order to find successful pitches to potential customers.

For a very long time, the salespeople worked like an old-fashioned craftsman, identifying who was likely to be a possible client, talking with that prospect, qualifying them, negotiating the contract, and then closing it.

They persuade clients to purchase a good or service as a salespeople. They direct the customer's journey from the first point of contact all the way up to the point of sale, utilizing one-on-one communication to match their product with their desires and requirements.

Learn more about salespeople here:

https://brainly.com/question/13209430

#SPJ1

michael porter posits that implementing sustainable management helps companies establish a long-lasting competitive advantage that results from sustainably managing a firm’s impact on the people, planet. its true

Lasting competitive advantages tend to be things competitors cannot easily replicate or imitate. Warren Buffet calls sustainable competitive advantages economic moats, which businesses can figuratively dig around themselves to entrench competitive advantages.Many people talk about long-term competitive advantage—an intricately structured and ambitious plan that establishes nearly impenetrable presence in the marketplace—but few people actually work on it.A sustainable competitive advantage is a long-term concept, but will not last forever. As soon as any company develops one, its competitors will immediately start trying to copy what it does. Once one of them manages to do so, the advantage is gone.

To know more about competitive advantage visit:

brainly.com/question/1078746

#SPJ4

The statement "Universal defenses are good against all holders except HDCs and holders through HDCs" is False. Universal defenses can be used against all holders, including HDCs and holders through HDCs.

Universal defenses, also known as general defenses, are defense mechanisms that can be employed by any defendant, regardless of the criminal charge or jurisdiction in which they are being prosecuted. As a result, these defenses can be utilized against all types of criminal charges, whether they are related to property crime, drug offenses, or violent crimes.

Some examples of universal defenses include self-defense, duress, and coercion. Therefore, universal defenses can be used against all holders, including HDCs and holders through HDCs.

Learn more about defenses here:

https://brainly.com/question/29343248

#SPJ11

Recording, classifying, and summarizing economic events in a logical manner for the purpose of providing financial information for decision making is commonly called accounting.

Accounting is a fundamental process in business and financial management. It involves systematically recording financial transactions, classifying them into appropriate categories, and summarizing the information to create financial statements such as the income statement, balance sheet, and cash flow statement. These financial statements provide a snapshot of a company's financial performance, position, and cash flows, enabling decision-makers to analyze and make informed decisions about the organization's operations, investments, and financial strategies.

While auditing, economics, and finance are related disciplines, each has its own distinct focus. Auditing involves examining and evaluating financial records and statements to ensure accuracy, compliance, and reliability. Economics studies the production, distribution, and consumption of goods and services within an economy. Finance, on the other hand, focuses on managing financial resources, investments, and the financial aspects of decision making. However, accounting serves as the foundation for providing the necessary financial information in these areas.

learn more about "economic ":- https://brainly.com/question/17996535

#SPJ11

Answer:

A.

Explanation: