Interest is nothing but Payment for the use of money.
Why is it called equity investment?Equity in the context of stock market investing refers to the ownership shares of a corporation. In plainer language, it is the entire sum of money that a shareholder is entitled to receive in the event that all of a company's liabilities are settled and its assets are sold.
An equity investment is cash put into a business through the purchase of its stock on the stock exchange. On a stock exchange, these shares are typically traded.
Equity capital is money invested in a company by buyers of common or preferred stock. This is an illustration of a business's primary finance, to which debt financing may be added.
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Antigen presentation requires the physical attachment of antigen to a specialized transmembrane __________ called MHC.
Antigen presentation requires the physical attachment of antigen to a specialized transmembrane proteins called MHC.
What is Antigen?Your immune system uses antigens as markers to determine whether or not something in your body is hazardous. Viruses, bacteria, cancers, and healthy bodily cells all include antigens. An antigen in immunology is a molecule, molecular structure, foreign particle, pollen grain, etc. that can attach to a particular antibody or T-cell receptor. An immunological reaction may be brought on by the presence of antigens in the body. An antigen is any material that the immune system identifies as foreign. Immunogens also include antigens. The immune system is known to be activated by antigens. They could be autoantigens, exogenous, or endogenous. Pollen, bacteria, parasitic worms, and viruses are a few types of antigens.
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when products are classified broadly based on the type of user, which two of the following are the categories ?
consumer products
business products
When products are classified broadly based on the type of user, it is categorized into 2 types consumer products and business products.
What are consumer goods?Consumer Goods are products that the average consumer purchases for consumption. Consumer goods, also called final goods, are the end result of production and manufacturing. Clothing, groceries, and dishwashers are examples of common consumer goods.
Business products:A business product is what a business sells to make money. In other words, business products are the goods and services that people want to buy to furnish their homes, run their businesses, power their schools, churches, stadiums, factories, and generally keep the world running.
What is a product?A product is an item or service sold to satisfy a customer's needs or desires. they are physical or virtual. Physical products include durable goods (such as cars, furniture, and computers) and consumables (such as food and beverages).
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) If the percentage change in quantity demanded is greater than the percentage change in price, can you determine if the
demand is elastic, unit elastic, or inelastic? Explain your answer.
If the share extrude in amount demanded is more than the share extrude in rate, the call for is elastic.
The required details for Elasticity in given paragraph
Elasticity is an critical idea in neoclassical financial concept, and allows within side the information of diverse financial concepts, which include the occurrence of oblique taxation, marginal concepts referring to the concept of the firm, distribution of wealth, and different sorts of goods referring to the concept of purchaser preference. An information of elasticity is likewise critical whilst discussing welfare distribution, in particular purchaser surplus, manufacturer surplus, or authorities surplus. Elasticity is gift at some stage in many financial theories, with the idea of elasticity acting in numerous principal indicators. These encompass rate elasticity of call for, rate elasticity of supply, earnings elasticity of call for, elasticity of substitution between elements of production, cross-rate elasticity of call for, and elasticity of intertemporal substitution.
In differential calculus, elasticity is a device for measuring the responsiveness of 1 variable to modifications in some other causative variable. Elasticity may be quantified because the ratio of the percent extrude in a single variable to the share extrude in some other variable whilst the latter variable has a causal impact on the previous and all different situations stay the same.
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in economics in one lesson, hazlitt talks about what would happen if a tariff that had brought an industry into existence was repealed. what does hazlitt say the results would be? (choose all that apply)
Hazlitt discusses all that occurred.
Hazlitt's definition of poetry.Poetry gives the universe a spirit of life and motion. Instead of the stationary, it describes the flowing. It does not specify the boundaries of perception or examine the differences between concepts; rather, it denotes the excess of imagination above the actual or typical impression of any item or sensation.
A romantic essayist, is Hazlitt?It is said that Hazlitt did not initially desire to become an essayist before setting his qualifications as a Romantic within a biographical context. Only after failing to succeed as a Unitarian preacher, painter, philosopher, and lecturer did he turn to journalism.
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_____ are intangible activities or benefits that an organization provides to satisfy consumers' needs in exchange for money or something else of value
Services are intangible activities or benefits that an organization provides to satisfy consumers' needs in exchange for money or something else of value
What is a service job?Service activities are characterized by the provision of technical or intellectual services in nature. Unlike industrial activity, it cannot be explained solely by the characteristics of the tangible property acquired by the customer. Its final product is immaterial and cannot be stored or transported.
What is the purpose of the service?“Service is the means by which we deliver value to our customers by enabling them to achieve the results they want without incurring specific costs or risks.”
What are services and what do they mean?A service can be defined as:“A service is an activity or performance that one party can provide to another that is intangible in nature and does not give rise to any property rights. Its production may be tied to a physical product. It may or may not be connected.” – Kotler
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the amount of use that the company expects to obtain from an asset before disposing of it is referred to as the
The amount of use that the company expects to obtain from an asset before disposing of it is referred to as the service.
How do you define an asset?An asset is a resource having economic worth that a person, organization, or nation owns or manages with the hope that it may someday be useful. A company's balance sheet lists its assets. They are acquired or produced to raise a company's worth or enhance its operations.
What kind of asset is that?Intangible assets like patents, royalties, and other intellectual property are included in the category of assets together with tangible items like machinery, real estate, raw materials, and inventory.
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100 POINTS PLS HELPWhat is the relationship between Siddhartha Gautama and Buddhism?
A. Buddhism was spread throughout Asia under Siddhartha Gautama's rule as Emperor.
B. Siddhartha Gautama was the sole creator of all things.
C. Siddhartha Gautama became the Buddha and shared his teachings with others.
D. Siddhartha Gautama believed he was visited by holy beings and recorded their wisdom in a book.
Answer:
C
Explanation:
The relationship between Siddhartha Gautama became the Buddha and shared his teachings with others. Thus, the correct option is (C).
Siddhartha Gautama, the founder of Buddhism known as "the Buddha," lived in the fifth century B.C.
As a prince, Gautama was born into a rich family in modern-day Nepal. Despite his comfortable existence, Gautama was affected by the world's suffering.
Siddhartha Gautama, often known as the Buddha, was a traveling ascetic and religious teacher who founded Buddhism in South Asia in the 6th or 5th century BCE.
Therefore, the correct option is "C".
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today, many organizations are moving the internal management of diversity away from human resources where it was treated as a legal issue and creating a new position called:
Today, many organizations are creating a new position called HR management to take over the internal management of diversity from human resources, where it was previously treated as a legal issue.
What is HR management?Human resource management (HRM) is the practice of recruiting, hiring, deploying and managing an organization's employees. HRM is often referred to simply as human resources (HR). A company or organization's HR department is usually responsible for creating, putting into effect and overseeing policies governing workers and the relationship of the organization with its employees. The term human resources was first used in the early 1900s, and then more widely in the 1960s, to describe the people who work for the organization, in aggregate.HRM is employee management with an emphasis on those employees as assets of the business. In this context, employees are sometimes referred to as human capital. As with other business assets, the goal is to make effective use of employees, reducing risk and maximizing return on investment (ROI).To learn more about ROI refer to:
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If tanya purchased a $1,700 set of golf clubs on a nine-month layaway plan and had to pay a monthly payment of $201, what was the fee charged for the layaway plan?.
$109 was the fee charged for the layaway plan.
We have given in the question,
She purchased a $1,700 set of golf clubs on a nine-month layaway plan.She had to pay a monthly payment of $201.Now, we have to find the fee charged for the layaway plan.
For each of the 9 months, Tanya had to pay $201. Thus, in total, the amount she paid in dollars is:
T= 9($201) = 1809
The sum of her monthly payments is $1,809.
The original price of $1,700, paid $1,809, thus, the fee charged for the leeway plan, in dollars, was:
1809 - 1700 = 109
The fee charged for the layaway plan was $109.
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How many bushels of wheat are wholesalers willing to buy at $18 per bushel?
a. 18
b. 26
c. 38
d. 42
e. 52
Answer:
D. 42 is the correct answer.
Explanation:
because it produces and distributes a specific type of cultural product for public consumption to profit financially, a video game company is an example of a .
Computer game organization Ubisoft is a Culture industry since it creates and circulates a particular kind of social item for public utilization, to monetarily benefit.
What kind of business is Ubisoft?jubisft/; Ubisoft Entertainment SA English: [ ybisɔft]; formerly known as Ubi Soft Entertainment SA) is a French publisher of video games with development studios all over the world and a headquarters in Saint-Mandé.
Ubisoft produces what kind of games?Ubisoft is a French video game developer with headquarters in Saint-Mandé. Ubisoft is well-known for developing Tom Clancy's Assassin's Creed, Far Cry, Just Dance, Prince of Persia, Watch Dogs, The Crew, TrackMania, Trials, and Rayman franchises. The company was founded in 1986 by five brothers.
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Full Question = Video game company Ubisoft is a ___ because it produces and distributes a specific type of cultural product for public consumption, in order to profit financially.
is there a way to adapt scrum methodology to a standard project management ideology? what are the pros and cons of attempting this transition? what is lost in the process of adapting the change?
Undoubtedly, the Scrum Methodology may be adapted to a conventional Project Management ideology.
In order to implement the Scrum Methodology:
You can modify the processes of the Scrum process for your own projects now that you can assume each role for yourself.
1. Make a sprint plan
Spend time preparing for your project. Keep in mind that you'll need to take on the roles of the Scrum master, the development team, and the product owner to plan your process and establish appropriate targets for each sprint. Make sure you are thorough because this sprint preparation phase will serve as your roadmap for the following two weeks.
2. Conduct daily Scrum meetings
Set aside time each day to assess the tasks you completed the day before to find successes and mistakes. Then, take on the role of a Scrum master to come up with fixes for any issues you found. Referring to your Scrum board or other project management tool, schedule your forthcoming day.
3. Review your sprint.
Think like a development team at the end of the two weeks to evaluate the successes and shortcomings of your sprint method. Take into account the project from the viewpoint of the product owner as well, assessing how closely the outcomes conform to the specified requirements.
Advantages and Disadvantages of Scrum Project Management:-
Pros of Scrum:
1. Teams may finish project deliverables more quickly and effectively with Scrum
2. Scrum guarantees efficient time and money management
3. Big projects are broken up into manageable sprints.
Cons of Scrum:
1.Scrum frequently causes scope creep because there is no set end date.
2. If people aren't highly dedicated or cooperative, there's a great risk that the project won't succeed.
3.It's difficult to implement the Scrum framework in large teams
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why does the business cycle affect output and employment in captail goods industries and consumer durable goods industries more severly than in industries producing consumer nondurables
Companies that make capital equipment and durable goods are more impacted by the business cycle on employment and productivity than those that make consumer nondurables.
How do capital items perform?Among some of the capital assets that businesses use to generate their goods and services are structures, equipment, tools, and equipment.
The consumers: who are they?A person who acquires something for personal use and uses or consumes it is known to as a consumer. A consumer may enjoy the good, product, or service to support themselves as well as their business even when they are not permitted to resale it.The consumer is the individual who actually makes use of any goods or services.
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avalon industries buys equipment for $66,000, expects to use it for four years, and then sell it for $6,600. using the straight-line method, the company should report annual depreciation for the equipment of:
Avalon has been producing non-compromised top quality audio equipment out of their San Clemente, California base since the mid 80's. Like all Avalon products.
What Is Straight Line Depreciation?
The value of a fixed asset is diminished over the course of its useful life using a typical depreciation method called straight line depreciation.
Over the course of the fixed asset's useful life, it is used to lower the carrying amount. The cost of an asset is depreciated by the same percentage over each accounting period when using straight line depreciation. On your tax income statement or firm balance sheet, you can then depreciate important assets.
The purpose of this strategy is to replicate how the underlying asset is used. When there is no pattern to your use of the asset over time, it is used. The simplest approach for calculating depreciation is straight line depreciation. There are also the fewest calculating errors as a result. As a result, this computation technique is advised.
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why don't countries specialize in the production of just a few goods for which they have a comparative advantage?
Countries do not specialize in the production of just a few goods for which they have a comparative advantage because doing so would limit innovations.
Each country has some business specialty whereas there are other areas for which it has to import products from other countries. In this way, all countries are dependent on each other in some way or the other.
Countries cannot just produce or specialize in the production of goods for which they have a comparative advantage because as a result of just focusing on a few goods, the innovations in the country will be limited. In order to increase the economy, there shall be variable products in the market that are innovative and would attract customers.
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why do economists believe that our free enterprise system depends on the protection of private property rights?
Private ownership encourages people to develop their property in ways that benefit others.
Why do economists think private ownership helps improve property?
Private property encourages efficiency by providing the resource owner with an incentive to increase the value of their holdings. The more trading power a resource gives its owner, the more valuable it is. This is so that property owners in a capitalist system are entitled to any value attached to their property.
Private property ownership stimulates land development for the good of others. Property owners frequently make the best use of their properties.
It is advantageous because owners are motivated to maintain the property. What does market regulation serve in terms of economics? to have an impact on people's and businesses' economic behavior.
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true or false? while the federal government can tax cigarettes, state governments are prohibited from doing so.
Answer: States may also increase excise rates on tobacco goods in an effort to cut down on tobacco usage. In fact, local governments are expressly permitted to forbid smoking.
Explanation: What impact does a rise in excise taxes have?
In the short term, an excise tax raises the cost of the good, albeit by a smaller amount than the entire tax, and both the producers and the consumers bear the cost burden. The elasticity of supply and demand for the product determines the precise impact.
Why are excise taxes significant?
Excise taxes collected for this reason are frequently referred to as "sin taxes." Similar to income taxes, excise taxes are used by governments to help pay for expenses associated with the taxed item. For instance, gasoline excise charges assist in financing new motorway
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It is false that while the federal government can tax cigarettes, state governments are prohibited from doing so.
What is done to ban cigarette smoking?Tobacco use is the leading cause of preventable death and disease in the country. The federal government has not increased taxes on the cigarettes since 2009 and a significant increase is long overdue.
In 1997, President Bill Clinton issued an executive order of banning smoking in the federal buildings and protecting nearly 2 million workers and their patrons from exposure to secondhand smoke.
Several state and local governments have also passed legislation to ban smoking in work places and public places such as restaurants and parks.
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if he uses the earliest due date first priority rule to schedule these jobs, what will be the average job tardiness?
If he uses the earliest due date first (EDD) priority rule to schedule these jobs, the average job tardiness will be: 2.25 (Option E)
What is Earliest Due Date?Earliest Due Date (EDD): The task is sequenced in ascending order of Due date/Due time. Processing time: The amount of time a job spends on the computer. Due date: The time when work is expected to be completed.
When the objective is to decrease job tardiness, the EDD guideline comes in handy. The project with the earliest deadline gets handled first. CR (critical ratio) (critical ratio). A priority index is calculated as follows: CR = (due date—today's date)/(manufacturing lead time remaining).
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Full Question:
The owner/operator of the local franchise of Handyman, Inc., has four jobs to do today, shown in the order they were received:
JOB PROCESSING TIME (hours) DUE (hours)
W 4 4
X 3 5
Y 2 2
Z 1 1
If he uses the earliest due date first (EDD) priority rule to schedule these jobs, what will be the average job tardiness?
A. 0 hours
B. 1.5 hours
C. 1.75 hours
D. 2 hours
E. 2.25 hours
Which of the following personal selling steps would a tickler file be helpful?
1. pre-approach
2.handling objections
3.closing the sale
4.the follow-up after the sale
Pre-approach is a phase in the personal selling process that would be useful. As a result, choice (A) is the right reaction.
What is personal selling?When a salesperson meets with a potential customer to close a deal, this is known as personal selling. A sequential sales process with typically nine steps is used by many salespeople. For all or a portion of the sales process, some sales professionals write scripts. Telemarketing and in-person interactions both employ the sales process.
The phrase can also be used to describe a scenario in which a business relies heavily on its sales force to interact with clients.
Hence, option (A) is accurate.
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true or false. neither north nor south was ready to accept african americans as full and equal participants in the american enterprise.
African Americans were not yet viewed as full and equal participants in the American enterprise by either the north or the south. the assertion is accurate.
What is American business?
The American Enterprise Institute for Public Policy Research, also referred to as the American Enterprise Institute (AEI), is a center-right think tank with offices in Washington, D.C. that studies politics, economics, governance, and social welfare.
Why does America have a free market economy?
The relationship between customers, producers, and markets is the price system. The American economy is based on the free market. That means that the majority of our nation's resources are owned by individuals rather than by the government. Free enterprise also implies that the utilization of our resources is determined by supply and demand.
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which form is used to determine the amount of money removed from your paycheck for federal taxes?
W-4 form is used to determine the amount of money removed from your paycheck for federal taxes.
The Internal Revenue Service (IRS) imposes the federal income tax in the United States on the annual profits of people, businesses, trusts, and other legal entities. All sources of income that contribute to a taxpayer's taxable income, such as wages, salaries, commissions, bonuses, tips, investment income, and certain categories of unearned income, are subject to federal income taxes. Individual federal income tax rates in the US are progressive, which means that they rise in proportion to taxable income. Federal income tax rates range from 10% to 37%, and they become effective at a certain level of income.
Tax brackets are the ranges of income to which the rates are applied. Each tax bracket has a different rate of taxation that applies to certain types of income.
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achieving cost efficiencies through maximizing freight and miles travelled is known as: group of answer choices
Achieving cost efficiencies through maximizing freight and miles travelled is known as: Economies of scale.
Freight optimization is a key overall performance location for any supply chain head in any industry. This basically manner the shifting of products to clients while retaining desired provider degrees inside the deliver chain through determining the maximum green way.
Trucking costs are calculated on a consistent with-mile basis. First, take the mileage among the beginning and destination points. Then divide the whole charge via the wide variety of miles planning for freight transportation is beneficial to transportation groups,
Local municipalities, and citizens alike. advantages include extra efficiency, reduced congestion on principal highways and streets, and advanced in air exceptional.
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if the marginal product (extra output) per dollar spent on capital is 10 and the marginal product (extra output) per dollar spent on labor is $15, then this firm should buy more labor services. select the correct answer below: responses true true false
If a firm's marginal product (additional production) per dollar spent on capital is $10 and its marginal product (extra output) per dollar spent on labor is $15, it should invest in more labor services. This claim is accurate.
What is meant by marginal product?A marginal product of an input is the additional output that results by adding one unit of the that input to a current combination all productive elements. An example of an input would be labor. In economics, particularly within neoclassical economics, the marginal product and marginal productivity of the an input is the change of output that occurs from utilizing one extra unit of a particular input, provided that the quantities of many other inputs are remained constant.
How do you find a marginal product?The marginal product is the total production amount created from each additional unit of input employed in production (MP). By dividing the entire product increase by the input change, it is calculated. Because of the increase of marginal returns, every additional variable is more efficient than the prior input.
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a direct sales force is best used for: group of answer choices highly standardized solutions. small customers. simple transactions. complex products.
A direct sales force is best used for complex products.
Compared to standard investments, complex products are a sort of investment whose value might change in a way that is challenging to explain. Complex investments usually involve one or more complex strategies or atypical asset investments. Many complicated items are difficult to evaluate since they are not often traded.
You may significantly enhance your sales by hiring a direct sales staff, which is one of the main advantages. Sales have grown dramatically for several businesses that have shifted to a direct sales strategy. This occurs as a result of the products' increased exposure to a wider audience. More sales are being achieved as a result of distributors distributing the merchandise.
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a local mall has decided to install cctv surveillance cameras in various locations on its property. what type of impact on crime might this strategy have?
In response to the question, this strategic approach has led to a decrease in piracy.
What exactly do users mean by strategy?
A strategy defines how the means will be used to achieve the ends (goals) (resources). Strategy can be deliberate or emerge as just a sequence of activity as an organization adapts to or competes in its environment. It entails tasks like strategic planning and thinking.
What is the significance of strategy?
Strategy assists us in defining our business by providing it with a set of principles and a sense of purpose. It enables us to comprehend what success entails. It serves as a road map for our company, indicating our destination and identifying useful rest stops along the way.
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what is the most accurate statement about employers using and social media sites to screen job candidates
Answer: Employers use screening interviews to determine whether a job applicant should move on to the next step in the interview process.
Explanation:
according to a cloudy history of time, honeywell, ibm, and xerox the dominant companies in what industry in 1975?
According to a cloudy history of time, honeywell, ibm, and xerox the dominant companies in Time sharing industries 1975.
What is a time sharing industry?Several customers share ownership of usage rights to the same property in a timeshare, which is a sort of holiday rental where blocks of one week are typically purchased. The timeshare model can be applied to a wide range of facilities, including hotels, apartments, condos, and campgrounds.
A timeshare is "a property having a divided type of ownership or use rights." These assets typically take the form of condominiums at resorts, where a number of parties have rights to the area and each owner has a specific length of time to use i
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we now suppose that the production is fixed at , where is a constant. what values of and minimize the cost function ?
According to the given statement the value of L is [tex]\frac{Q \alpha^{1-\alpha} n^{1-\alpha}}{b m^{1-\alpha}(1-\alpha)^{1-\alpha}}[/tex] and K is [tex]\frac{Q}{b}\left(\frac{m(1-\alpha)}{\alpha n}\right)^\alpha[/tex]minimize the cost function C(L,K)=mL+nK
What does "cost" mean?A cost is the worth of revenue that has been used to generate things or provide a service and is thus no longer accessible for use in production, exploration, retail, and accounting. In the situation of an acquisition cost, the money spent on the acquisition is considered the cost.
Briefing:To find the maximum values of f (x,y,z) subject to the constraint g (x,y,z) [assuming that this extreme values exist and ∇g≠0 on the surface ∇g(x,y,z) = k],
(a) Find all x, y, z, and lambda values that result in
∇f(x,y,z) = λ∇g(x,y,z)g(x,y,z) = k
(b) f should be evaluated at all locations (x, y, z) that follow from step (a). The greatest and minimum values of f are represented by the largest and smallest of these numbers, respectively.
Given:
C(L,K) = mL+nk
[tex]b L^\alpha K^{1-\alpha}=Q[/tex]
Calculation:
To solve the problem, minimize the function C(L,K) = mL+nK subject to the constraint
[tex]g(L, K)=b L^\alpha K^{1-\alpha}=Q[/tex]
By using the concept,
∇C(L,K) = λ∇g(L,K)
Using L as the partial derivative,
[tex]C_L=\lambda g_L[/tex]
[tex]\text { As } C=m L+n K \text { there fore } C_L=m \text { and } g=b L^\alpha K^{1-\alpha} \text { there fore } g_L=b \alpha L^{\alpha-1} K^{1-\alpha}[/tex]
Therefore, equation [tex]C_L=\lambda g_L[/tex] becomes
[tex]\begin{aligned}& m=b \alpha L^{\alpha-1} K^{1-\alpha} \lambda \\& m=b \alpha\left(\frac{L}{K}\right)^{\alpha-1} \lambda \\& \lambda=\frac{m}{\alpha b}\left(\frac{L}{K}\right)^{1-\alpha} \quad \cdots(1) \\&\end{aligned}[/tex]
Now, taking the partial derivative with respect to K.
[tex]$$C_K=\lambda g_K$$As $C=m L+n K$ therefore $C_K=n$ and $g=b L^\alpha K^{1-\alpha}$ therefore $g_K=(1-\alpha) b L^\alpha K^{-\alpha}$[/tex]
Therefore, the equation [tex]C_K=\lambda g_K[/tex] becomes,
[tex]\begin{aligned}& n=(1-\alpha) b L^\alpha K^{-\alpha} \lambda \\& n=(1-\alpha) b\left(\frac{L}{K}\right)^\alpha \lambda \\& \lambda=\frac{n}{(1-\alpha) b}\left(\frac{K}{L}\right)^\alpha\end{aligned}[/tex]
Solving the equation for finding K and L
From (1) and (2)
[tex]\begin{aligned}& \lambda=\frac{m}{\alpha b}\left(\frac{L}{K}\right)^{1-\alpha}=\frac{n}{(1-\alpha) b}\left(\frac{K}{L}\right)^\alpha \\& \frac{m}{\alpha}\left(\frac{L}{K}\right)^{1-\alpha}=\frac{n}{(1-\alpha)}\left(\frac{K}{L}\right)^\alpha \\& \left(\frac{L}{K}\right)^{1-\alpha}\left(\frac{L}{K}\right)^\alpha=\frac{\alpha n}{(1-\alpha) m} \\& \frac{L}{K}=\frac{\alpha n}{(1-\alpha) m} \\& L=\frac{K \alpha n}{(1-\alpha) m} \quad \ldots(3)\end{aligned}[/tex]
Put the above value in the constraint. [tex]b L^\alpha K^{1-\alpha}=Q[/tex]
[tex]\begin{aligned}& b\left(\frac{K \alpha n}{(1-\alpha) m}\right)^\alpha K^{1-\alpha}=Q \\& b\left(\frac{\alpha n}{(1-\alpha) m}\right)^\alpha K=Q \\& K=\frac{Q}{b}\left(\frac{m(1-\alpha)}{\alpha n}\right)^\alpha \\& K=\frac{Q}{b}\left(\frac{m^\alpha(1-\alpha)^\alpha}{\alpha^\alpha n^\alpha}\right)\end{aligned}[/tex]
Put the values in (3).
[tex]\begin{aligned}& L=\frac{Q}{b}\left(\frac{m^\alpha(1-\alpha)^\alpha}{\alpha^\alpha n^\alpha}\right) \frac{\alpha n}{(1-\alpha) m} \\& L=\frac{Q}{b}\left(\frac{m^{\alpha-1}(1-\alpha)^{\alpha-1}}{\alpha^{\alpha-1} n^{\alpha-1}}\right) \\& L=\frac{Q \alpha^{1-\alpha} n^{1-\alpha}}{b m^{1-\alpha}(1-\alpha)^{1-\alpha}}\end{aligned}[/tex]
Hence,
[tex]L=\frac{Q \alpha^{1-\alpha} n^{1-\alpha}}{b m^{1-\alpha}(1-\alpha)^{1-\alpha}} \quad K=\frac{Q}{b}\left(\frac{m(1-\alpha)}{\alpha n}\right)^\alpha[/tex] minimizes the cost function C (L,K) =mL +nK
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The complete question is-
Referring to Exercise 27, we now suppose that the production is fixed at bLK1=Q, where Q is a constant. What values of L and K minimize the cost function C(L,K)=mL+nK?
In the iowa car crop, steven landsburg argues that importing cars from japan and exporting wheat from iowa is analogous to….
In the Iowa car crop, Steven Landsburg argues that importing cars from Japan and exporting wheat from Iowa is analogous to growing cars in Iowa.
How does comparative advantage relate to international trade?The theory of comparative advantage postulates that nations would trade with one another, exporting the commodities in which they have a relative advantage. It is impossible for anyone or any nation to have a comparative advantage in every good.
Comparative advantage, when used to describe international trade, refers to the goods that one country can produce more easily or more affordably than another. Hence, there will be another person or nation that can produce certain goods at a cheaper opportunity cost.
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According to Pearson product-movement correlation coefficient, a correlation of 0.00 shows that the two variables are:
A fee of 0 (zero) indicates no dating among variables. This statistical take a look at is regularly recognized with the aid of using its shorter name of the Pearson correlation or Pearson's correlation.
The required details for Pearson correlation in given paragraph
In statistics, the Pearson correlation coefficient ― additionally recognized as Pearson's r, the Pearson product-second correlation coefficient (PPMCC), the bivariate correlation, or colloquially honestly as the correlation coefficient ― is a degree of linear correlation among units of data. It is the ratio among the covariance of variables and the made of their widespread deviations; thus, it is basically a normalized dimension of the covariance, such that the end result constantly has a fee among −1 and 1. As with covariance itself, the degree can handiest replicate a linear correlation of variables, and ignores many different varieties of relationships or correlations.
As a easy example, one might anticipate the age and peak of a pattern of young adults from a excessive faculty to have a Pearson correlation coefficient considerably more than 0, however much less than 1 (as 1 might constitute an unrealistically ideal correlation).
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