In the Production Function Y = AF(K,N),A Is ________,K Is

question 62

Multiple Choice

In the production function Y = AF(K,N) ,A is ________,K is ________,and N is ________.

• A)total factor productivity;the capital stock;the number of workers employed
• B)total factor productivity;investment;the number of workers employed
• C)the productivity of labour;the capital stock;the size of the labour force
• D)the productivity of labour;investment;the size of the labour force

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Definitions:

Post-Closing

The final phase in the accounting cycle where accounts are prepared for the start of the next period, following the closing entries are made to reset temporary accounts.

Adjusted Trial Balance

A statement listing all accounts and their balances after adjustments, used to verify the equality of debits and credits before preparing financial statements.

Unadjusted Trial Balance

A preliminary list of all accounts and their balances used in accounting, before any adjustments are made for the closing entries.

Working Capital

The difference between a company's current assets and current liabilities, indicating the liquidity and operational efficiency.