In the Equation for the Production Function H/L Represents

question 134

Multiple Choice

In the equation for the production function H/L represents

• A)natural resources per worker.
• B)human capital per worker.
• C)output per worker.
• D)physical capital per worker.

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Definitions:

Debit

An accounting entry that increases an asset or expense account, or decreases a liability or equity account.

Increase

An upward movement in quantity, value, or some measure of performance.

Revenues

Revenues refer to the income that a business generates from its normal business operations, typically from the sale of goods and services to customers.

Owner's Capital

The amount of equity a business owner has invested in the company, reflecting the difference between the company's assets and liabilities.