T-shirts can be represented as q = L0.25 K0.75. When K = 1 and q = 2‚ what is the slope of the isoquant? If there is insufficient information to answer the question‚ describe what information is missing. In the short run‚ MPL = 0.25 * (q/L). The change in MP with respect to L equals d(MPL)/dL = -0.25 * q/L2. Thus‚ for all levels of labour hired‚ MPL falls as L increases. III. Consider the following short-run production function: q = 5L2 – (1/3)L3. At what level of L do diminishing marginal returns
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Paul is the author of 1 Corinthians‚ which can be found in Chapter one‚ verse one and chapter sixteen verse twenty-one. Paul wrote 1 Corinthian in Ephesus‚ near the end of his three-year ministry. 1 Corinthians is a blunt discussion about the Church and the issues that concern the Corinthian church. The Corinthian congregation was tarnished with sin on various sides‚ therefore‚ Paul gave them an essential model‚ in order for them to learn how the church should take care of the issues and problems
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Cell Biology Exam 1 Notes Lecture 1: Introduction to Cell Biology • Biology is studied at different levels of organization Time Scale • [Figure 1-9] How big is a cell and how big are its parts? • There are important similarities that all cells share; however‚ there are also important differences among various cell types (for example‚ animal cells vs. bacterial cells) • [Figure 3-23] The inside of a cell is loaded (crowded
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1. A major advantage of the partnership form is that the personal assets of the partners are protected from creditors in case of legal action- False 2. A partnership is considered an “entity” for accounting purposes- True 3. “Mutual agency” means that one partner can legally bind all the other partners to a contract if it appears that he or she is acting appropriately- True 4. Partners are taxed on their drawings regardless of their share of the income. False 5. If a partnership agreement
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Chapte 1 r Globalization 1-2 Introduction In the world economy today‚ we see fewer self-contained national economies with high barriers to cross-border trade and investment a more integrated global economic system with lower barriers to trade and investment over $4 trillion in foreign exchange transactions daily over $12 million of goods and $3.3 trillion of services being sold across national borders the establishment of international institutions 1-3 What Is
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Questions Chapter 1 1. How does managerial accounting differ from financial accounting? The essential difference between managerial accounting and financial accounting is that managerial accounting attends the needs of managers inside the organization‚ while financial accounting serves the needs of those outside the organization. There are also specific guidelines that are used (GAAP/IFRS) in financial accounting and is mandatory whereas there are no guidelines in managerial accounting and is not
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Michael Walker Chapter #: One Chapter Title: What is corrections? 1. Chapter Summary Seventy percent of individuals involved in the correctional system are not institutionalized but rather involved in the community with some form of probation and or parole. (4) State expenditures more than tripled during the period of 1982-2001. According to studies‚ it is predicted that children born in the early 2000’s will go to prison at some point in their lives. (4) Statistics show that at least 1/3 of the African
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Task 1 Accounting record is defined as the all of the documentations involved in the preparation of financial statements and records which are relevant to financial review and audits which include recording of assets and liabilities‚ ledgers‚ journals‚ and any other supporting documents like invoices. Ledger: Maintaining ledger is a must in all accounting system. Ledger is used for preparing trial balance which checks the arithmetical accuracy of the accounting books. Ledger is the store-house
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1 CHAPTER - I INTRODUCTION Two most powerful forces affecting each sector of the economy today are the increasing rate of globalisation and advances in information and communication technology. It causes companies to use their input resources as much as possible in an effective way. Information technology is a powerful force and perhaps the single massive drive‚ impacting global society during the past decade. No doubt‚ it has given a new meaning to the word ‘convenience’. Information technology
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Exam Chapters 3‚4‚7 Student: ___________________________________________________________________________ 1. Which of the following is the correct formula to compute the predetermined overhead rate? A. Estimated total units in the allocation base divided by estimated total manufacturing overhead costs. B. Estimated total manufacturing overhead costs divided by estimated total units in the allocation base. C. Actual total manufacturing overhead costs divided by estimated total units in the allocation
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