Consider the following production function?
Y = A×Ka×L1?a.
?
If a = 0.4, and over the past year output grew 4 percent, capital grew 2 percent, and labor grew 1 percent, what was the growth rate of total factor productivity (TFP)?
A. 1.0 percent
B. 2.0 percent
C. 2.4 percent
D. 2.6 percent
Answer: D
Business
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a. budgeting b. audits c. reports d. standing plans
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A company is financed with 60% equity and 40% debt. The cost of equity of 12.5% and the cost of debt is 8.5%. The tax rate is 35%. What is the firm’s WACC?
What will be an ideal response?
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To be effective, an ethical hotline should_________________.
a. Be available in a single language b. Be staffed 24 hours per day c. Be charged at premium rates d. Be controlled by the CEO
Business
Service firms cannot use job order costing for determining a selling price for their services.
Answer the following statement true (T) or false (F)
Business