Brenden lives in a small town where he plans to hire workers to him make ornaments. his production function for ornaments is qq = 4llkk0.5 he begins producing with k = 4. the cost of capital is $50/unit. the wage depends on the amount of workers he employs. specifically, w(l) = 17 + 2l2 . a. does brenden’s production function exhibit diminishing marginal returns to labor? explain. b. what kinds of returns to scale does brenden’s production function exhibit? explain.
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Business, 21.06.2019 19:20
Which of the following statements is true? a. financial investment refers to the creation and expansion of business enterprisesb. economic investment refers to the creation and expansion of business enterprisesc. economic investment refers to the purchase of assets such as stocks, bonds, and real estated. both economic and financial investment refer to the purchase of assets such as stocks, bonds, and real estate
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Business, 21.06.2019 22:30
What two elements normally must exist before a person can be held liable for a crime
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Why does an organization prepare a balance sheet? a. to reveal what the organization owns and owes at a point in time b. to reveal how well the company utilizes its cash c. to calculate retained earnings for a given accounting period d. to calculate gross profit for a given accounting period
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Business, 22.06.2019 12:20
Selected transactions of the carolina company are listed below. classify each transaction as either an operating activity, an investing activity, a financing activity, or a noncash activity. 1. common stock is sold for cash above par value. 2. bonds payable are issued for cash at a discount
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Brenden lives in a small town where he plans to hire workers to him make ornaments. his production...
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