Consider the production function Y = √K√N a) What is the output if both labor and capital are halved? b) Is this production functions characterized by constant returns to scale? Explain. c) Write the production function as a relation between output per worker and capital per worker. Does this modified production function exhibit constant returns to scale between output per worker and capital per worker? Justify your answer.
Answers
Consider the production function Y = √K√N.a) The output if both labor and capital are halved
The production function Y = √K√N can be written as Y = K1/2N1/2.
So, if both labor and capital are halved, the new production function would be
Y = (K/2)1/2(N/2)1/2,
which simplifies to
Y = (K1/2N1/2)/2 = Y/2.
So, if labor and capital are halved, the output will be half the original output.
b) Is this production function characterized by constant returns to scale?Yes, the given production function is characterized by constant returns to scale. Let us assume that we multiply labor and capital by a factor of λ. Then the new production function would be
Y = λ(K1/2)(λN)1/2
= λK1/2λN1/2.λK1/2λN1/2
= λ(K1/2N1/2)
= λY.
So, the output also increases by a factor of λ. Therefore, the production function exhibits constant returns to scale
.c) Write the production function as a relation between output per worker and capital per worker The production function can be written as
Y = K1/2N1/2.
Dividing both sides by N, we get
Y/N = K1/2N-1/2.
Now, dividing both sides by K, we get
Y/K1/2N-1/2K = (Y/K1/2N-1/2)/(K1/2N1/2)
= (Y/K)/(KN)1/2
= (Y/K)L1/2,
where L = N/K is the number of workers per unit of capital. So, the production function can be written as
Y/K1/2L1/2 = Y/KL.
The modified production function exhibits constant returns to scale between output per worker and capital per worker because if we multiply both capital and labor by a factor of λ, then
Y/KL = (λY)/(λKL)
= Y/KL. Therefore, the modified production function exhibits constant returns to scale.
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Related Questions
hi i need help plz its
Answers
Team players are sought-after employees
True
False
Answers
Answer:
true,
Explanation:
an employee can be dismissed if their job surplus to requirements' outline why this state ment is false
Answers
Ava has a large inventory of electric generators in a database table. Her boss asked her to create a
table of 100 to 500 kilowatt generators that can also be used during freezing weather. How can Ava
use this table to create a promotion for their customers?
Answers
As the existing customer of the company is concern, the list of individual of the database can be incentivized either by sales discount or gift during their next purchase of generator in the company.
What is Promotion in marketing?In marketing, a promotion refers to an form of communication, contact or action aimed at influencing people to buy more of their products or services.
In conclusion, as the existing customer of the company is concern, the list of individual of the database can be incentivized either by discount or gift on their next purpose of generator in the company.
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An investment of 1 will double in 15.142 years at a force of interest, δ. An investment of 1 will increase to 3 in n years at the same force of interest. Find n to the nearest whole number.
Answers
Answer:
24 years
Explanation:
Nper = 15.142
PMT = 0
PV = 1
FV = 2
Type = 0
Rate = Rate(Nper, pmt, -pv, fv, type)
Rate = Rate(15.142, 0, -1, 2, 0)
Rate = 4.68%
Rate = 4.68%
PMT = 0
PV = 1
FV = 3
Type = 0
NPER = NPER(rate, pmt, -pc, fv, type)
NPER = NPER(0.04684, 0, -1, 3, 0)
NPER = 24 years
benny will not have to show some proof of the contract in the court in which he sues seth because the court will be the eastern district of new york court.
Answers
In this case, Benny will not have to show proof of the contract in the court in which he sues Seth because the court will be the Eastern District of New York court.
Understanding The Eastern District of New York courtThe Eastern District of New York court has jurisdiction over the matter and has the authority to hear the case without requiring Benny to present proof of the contract.
However, it is still important for Benny to have evidence to support his claims and strengthen his case in court.
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A bond with 5 years to maturity and a coupon rate of 15% has a par, or face, the value of $19,000. Interest is paid annually. If you require a return of 18% on this bond, what is the price of the bond?
Part 1
The value of the bond is $enter your response here
. (Round to the nearest cent.)
Answers
The value of the bond is $18,520.49 (rounded to the nearest cent).Answer: $18,520.49
Given that the bond with 5 years to maturity and a coupon rate of 15% has a par, or face, the value of $19,000.
Interest is paid annually and we are required to find out the price of the bond given the required rate of return is 18%.Solution:
First, we need to calculate the annual interest payment:
Annual interest payment = coupon rate x par value= 15% x $19,000 = $2,850
Next, we need to calculate the present value of the bond.
Since the coupon payments and the principal payment are received after 1 year, we need to discount the cash flows by one year.
Present Value = Annual interest payment / (1 + Required rate of return)^1 + Par value / (1 + Required rate of return)^1PV
= $2,850 / (1 + 18%)^1 + $19,000 / (1 + 18%)^1
= $2,418.80 + $16,101.69
= $18,520.49
Therefore, the value of the bond is $18,520.49 (rounded to the nearest cent).Answer: $18,520.49
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A large company in the communication and publishing industry has quantified the relationship between the price of one of its products and the demand for this product as Price = 150- 0.01 x Demand for an annual printing of this particular product. The fixed costs per year (i.E., per printing) =$50,000 and the variable cost per unit =$40. What is the maximum profit that can be achieved if the maximum expected demand is 6,000 units per year? What is the unit price at this oint of optimal demand?
Answers
Answer:
a. The maximum profit that can be achieved is $300,000.
b. The unit price at this point of optimal demand is $90.
Explanation:
From the question, we can obtain the following:
x = Maximum expected demand = 6,000 units
Price = 150 - 0.01 x = 150 - (0.01 * 6,000) = 150 - 60 = $90
Fixed cost per year = $50,000
Variable cost per unit = $40
Total variable cost = Variable cost per unit * Maximum expected demand = $40 * 6,000 = $240,000
Total cost = Fixed cost + Total variable cost = $50,000 + $240,000 = $290,000
Revenue = Price * Maximum expected demand = $90 * 6,000 = $540,000
Therefore, we have:
a. What is the maximum profit that can be achieved if the maximum expected demand is 6,000 units per year?
Profit = Revenue - Total cost = $540,000 - $240,000 = $300,000
Therefore, the maximum profit that can be achieved is $300,000.
b. What is the unit price at this point of optimal demand?
As already stated above, the following are given in the question:
x = Maximum expected demand = 6,000
Price = 150 - 0.01 x ........................... (1)
Substitute for x in equation (1), we have:
Price = 150 - (0.01 * 6,000) = 150 - 60 = $90
Therefore, the unit price at this point of optimal demand is $90.
A healthcare organization with 2 hospitals, 20 clinics, and 3 urgent care centers belongs to an ACO program. They have been in the shared savings program for two years and are now eligible to move large payments to a population-based model as they have been successful in keeping costs down and have met all the CMS benchmarks set for them. What type of ACO is this
Answers
Answer:
Pioneer ACO Model
Explanation:
The Pioneer ACO Model refer to the cms innovation center where it designed to support the organization with experience or the similar arrangement that could provide more coordinated care at the lower cost Since in the given situation they are eligible and shift to the large kind of payment so that the cost can be come down also it mets the benchmarks of the CMS so here the pioneer ACO model could be considered
A $100,000 house insured on a policy with an 80% coinsurance requirement has a fire that caused $40,000 of damage; the owner has a policy with $60,000 coverage. How much can the owner collect for his loss?
Answers
Assuming the owner has a policy with $60,000 coverage. The amount that the owner collect for his loss is $30,000.
Policy coverageIn order for the total amount of a partial loss to be paid the house must be insured for at least 80 percent of its value on the date in which the loss ocur.
And since house has a policy coverage of the amount of $60,000. Based on this the minimum requirement is 75 percent which mean that the policy will pay only 75 percent of the loss or $30,000.
Inconclusion the amount that the owner collect for his loss is $30,000.
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does 1 plus 1 = 65 yes or no
Answers
Answer:
No 1 + 1 = 2
Explanation:
Lol
which form determines how much state income tax is withheld from your paycheck?
Answers
By completing Form W-4: An Employee's Withholding Allowance Certificate, you can let your employer know how much money should be taken out of your paycheck to cover federal paycheck taxes.
The federal government determines the paycheck taxes percentages that workers must pay. Payroll taxes or FICA (Federal Insurance Contributions Act) taxes are subtracted from your paycheck and include Social Security and Medicare taxes. Social Security taxes provide retirement and disability benefits for workers and their families. The Medicare tax, which also includes medical benefits, applies to all adults 65 years of age and over, as well as to some disabled people who are younger. It also applies to people with chronic renal failure who require dialysis or a transplant. Employers contribute to these payroll taxes in part.
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(c) Risk event that happens deviates largely with the assessed risk in the risk management plan. Propose (7) seven ways to improve the risk analysis (7 marks)
Answers
To improve risk analysis, implement 7 strategies: review and update assessments, enhance data collection, use multiple techniques, involve stakeholders, consider uncertainties and assumptions, include emerging risks, and learn from past events.
These strategies focus on proactive measures such as frequent reviews, comprehensive data collection, diverse assessment techniques, stakeholder engagement, accounting for uncertainties, addressing emerging risks, and continuous learning from past experiences. By implementing these practices, organizations can strengthen their risk analysis processes and improve the alignment between assessed risks and actual risk events.
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Schiit Audio Case
What are the financial realities of the DTC model? Calculate the
gross margin for Amazon Sales.
Answers
The Direct-to-Consumer (DTC) model has various financial realities, some of which include cost savings, better customer relationships, and the potential to develop brand loyalty, among others.
First, companies must invest heavily in developing e-commerce capabilities and advertising to reach a wider audience. This cost is significant, and many companies have to deal with budget constraints, particularly in the early stages of adoption.
Secondly, the DTC model typically entails lower prices, which means lower profit margins. Customers have become accustomed to the idea of lower prices when they shop online, and this expectation is unlikely to change. Therefore, companies must come up with innovative ways to cut costs and improve their margins.
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Why would an insurance company charge an inexpensive copay when considering claims that will likely be hundreds or thousands of dollars?
Answers
if an economist is a proponent of free trade amongst nations, what would be concerning about the proliferation of regional trade agreements?
Answers
An economist who is a proponent of free trade amongst nations may be concerned about the proliferation of regional trade agreements because these agreements can create trade diversion and preferential treatment for certain countries, which could lead to less global trade efficiency and hinder the overall benefits of free trade.
Free trade is an economic theory that advocates for the removal of trade barriers, such as tariffs and quotas, between nations. The goal of free trade is to increase efficiency, lower prices, and promote economic growth by allowing countries to specialize in producing goods and services that they are most efficient at producing.
However, the proliferation of regional trade agreements, also known as preferential trade agreements, can create trade diversion and undermine the benefits of free trade.
Regional trade agreements are agreements between two or more countries to reduce or eliminate tariffs and other trade barriers between them.
These agreements create preferential treatment for the participating countries, making it easier for them to trade with each other. However, they can also create trade diversion, which occurs when trade is diverted away from more efficient producers outside of the region to less efficient producers within the region.
An economist who is a proponent of free trade may be concerned about the proliferation of regional trade agreements because they can create inefficiencies and distortions in the global trading system.
Preferential treatment for certain countries can lead to less global trade efficiency by creating artificial barriers to trade with other countries. This can make it harder for less efficient producers to compete, limiting consumer choices and driving up prices.
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when should you use the "Reply All" function when replying to an email?
Answers
Answer:
"when should you use the 'Reply All' function when replying to an email?"
Explanation:
In group chats and zoom invites, any invites really.
Answer:
Whenever all the recipients of a message need to read your response.
. Suppose you are choosing between a checking account with a $0.40 per-check fee and no monthly fee or an account with free checking and a $6.50 monthly fee. What is the minimum number of checks you need to write for the monthly fee to be a better option?
Answers
Answer:
You answer should be 17
Explanation:
If you write 17 checks for $0.40 your would pay $6.80 at the end of the month, which then makes the one with a monthly fee a better option.
Mystic has a beta of 1.20, the risk free rate of 5.5% and the required market return of 11% : a) Assuming that Mystic is a constant growth company whose expected dividend next year is P2.25 and expected to grow indefinitely at 6.5%, what is the company's current stock price? b) Assume that Mystic is expected to experience variable growth of 13% for the next 3 years, then return to its long-run constant growth of 6.5%. The company recently paid P2.10 per share dividend, what is the stock's value under this condition. 15. Graha embarks on an aggressive expansion that requires additional capital. Management decides to finance the expansion by borrowing P50 million and issuing P10 million worth of Preferred stock, and by halting dividend payments to increase retained earnings. The projected free cash flow for the next three years are: P10million, P15million and P20million annually. After the third year, free cash flow is expected to grow at a constant rate of 6.5%. The overall cost of capital is 12%. The company has 10 million shares of common stock. a) What is the total value of Graha? b) What is the price per share of common stock?
Answers
Mystic's current stock price is P50.00 when Mystic has a beta of 1.20, the risk free rate of 5.5%
Assuming that Mystic is a constant growth company whose expected dividend next year is P2.25 and expected to grow indefinitely at 6.5%, what is the company's current stock price?Using the constant growth dividend discount equation with the anticipated dividend, the needed rate of return, and the dividend growth rate, the current stock price of Mystic was determined to be P50.00.
The continuous growth dividend valuation model can be used to determine Mystic's current stock price:
D1 / Stock Price (r - g)
where: r = necessary rate of return = 11%; D1 = expected dividend for the following year; P2.25;
g = 6.5% projected dividend growth rate
When we enter the values, we obtain:
P2.25 / Stock Price (0.11 - 0.065)
Price of a Share = P2.25 / 0.045
P50.00 is the stock price.
Mystic's current stock price is P50.00 as a result.
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Which of these is the correct formula to calculate labor cost?
Answers
Answer: labor cost = hourly wage × total work hours
Explanation:
The labor cost refers to the the wage that's paid to an employee and thus can include the employee benefits as well.
With regards to the question, the labor cost will be the hourly wage multiplied by the total work hours. For example of the hourly wage is $15 and the total work hours is 20. Then the labor cost will be 20 × $15 = $300.
1. In rare situations, a court may impose an __________ or __________ contract when necessary to prevent unjust enrichment.a. implied-in-fact; quasi-b. implied-in-law; bilateralc. implied-in-fact; unilateraldd. implied-in-law; quasi-
Answers
In rare situations, a court may impose an implied-in-law or quasi contract when necessary to prevent unjust enrichment. So, option D is correct.
Implied-in-law contracts are obligations that a court creates to prevent one party from being unjustly enriched at the expense of another. It's also known as a quasi-contract or constructive contract. When two parties have a contract dispute, a judge may sometimes impose an implied-in-law contract. Because it is created by the court rather than agreed to by the parties, it is a fictitious contract.
A quasi-contract is a legal concept in which an agreement is created by the courts to force a legal obligation onto a party who would not otherwise be bound by one. A quasi-contract is created by law to avoid one party being unjustly enriched at the expense of another. When a contract is not formed, the court will use quasi-contract as a remedy.
A court may impose an implied-in-law or quasi contract when necessary to prevent unjust enrichment, particularly if the parties' relationship suggests that an enforceable contract was anticipated. An implied-in-law contract is created by law to avoid one party being unjustly enriched at the expense of another.
A court may impose an implied-in-law or quasi contract when necessary to prevent unjust enrichment. Therefore, option D is correct.
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Yuwwers are ad utically Hemaining Time: 18 minutes, 32 seconda Question Completion Status L Moving to another question will save this response: question Question 1 20 points As a bond analyst at Morgan Stanley Investment Banking, you are performing an analysis on bond yield You have the following data for a bond issued by Intel Corp The bond has 7% coupon and 20 year maturity The bond sells for $1,150 and is callable in 10 years at a call price of $1,200 The bond makes semiannual coupon payments a What is the annual Yield to Call? (sample answer 12.45%) b What is the annual Yield to Maturity? I (sample answer 12 45%) Question 105 Moving to another question will save this response. O
Answers
Answer : Annual Yield to Call = 10.47% and the annual Yield to Maturity is 6.06% (approx).
We can calculate the annual yield to call by using the following formula: Yield to Call = (Coupon Payment + ((Call Price - Bond Price) ÷ Number of Years until Call)) ÷ ((Call Price + Bond Price) ÷ 2). Where,Coupon Payment = $70Call Price = $1,200, Bond Price = $1,150, Number of Years until Call = 10 years.
Substituting the given values in the formula, we get ,Yield to Call = ($70 + (($1,200 - $1,150) ÷ 10)) ÷ (($1,200 + $1,150) ÷ 2) Yield to Call = 10.47% (approx). Therefore, the annual Yield to Call is 10.47% (approx).
We can calculate the annual yield to maturity by using the following formula : Yield to Maturity = (Coupon Payment + ((Face Value - Bond Price) ÷ Number of Years to Maturity)) ÷ ((Face Value + Bond Price) ÷ 2). Where , Coupon Payment = $70, Face Value = $1,000, Bond Price = $1,150. Number of Years to Maturity = 20 years. Substituting the given values in the formula, we get,Yield to Maturity = ($70 + (($1,000 - $1,150) ÷ 20)) ÷ (($1,000 + $1,150) ÷ 2) Yield to Maturity = 6.06% (approx)
Therefore, the annual Yield to Maturity is 6.06% (approx).
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1.What is the present value of 10,000.00 receive 5 years from
now if the interest rate is 6%?
2.If you invest 5,000.00 today for 40 years at 6% interest how
much will you have at the end of forty year
Answers
The present value of $10,000.00 received 5 years from now, with an interest rate of 6%, is approximately $7,532.45.
To calculate the present value of a future amount, we need to use the formula for present value (PV) of a single sum: PV = FV / (1 + r)^n. In this case, the future value (FV) is $10,000.00, the interest rate (r) is 6%, and the number of years (n) is 5. Plugging these values into the formula, we get PV = 10,000 / (1 + 0.06)^5 = $7,532.45. Therefore, the present value of $10,000.00 received 5 years from now at a 6% interest rate is approximately $7,532.45.
Moving on to the second question, to calculate the future value (FV) of an investment, we can use the formula for future value of a single sum: FV = PV * (1 + r)^n. Here, the present value (PV) is $5,000.00, the interest rate (r) is 6%, and the number of years (n) is 40. Plugging these values into the formula, we find FV = 5,000 * (1 + 0.06)^40 = $36,194.79. Therefore, if you invest $5,000.00 today for 40 years at a 6% interest rate, you will have approximately $36,194.79 at the end of forty years.
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Which is a possible positive consequence of bankruptcy?
OA. Costly filing fees
O B. Lowered credit score
C. Removal or consolidation of debt
O D. Job loss
Answers
Answer: C
Explanation:just took the test
The production possibilities curve below shows the hypothetical relationship between the production of guns (national defense) and butter (social goods) in an economy. Combination Guns Butter A 0 8 B 20 6 C 60 4 D 80 2 E 100 0
Answers
The Respective solution are
First butter has an opportunity cost of 8 guns.The entire potential cost of one butter is eight firearms.4 units of butter have an opportunity cost of 14 guns.4Butter=44Guns's total opportunity costYes, it is possible.This is further explained below.
What is marginal opportunity cost.?Generally, The amount of extra units of one product that must be given up in exchange for an additional unit of another good is the marginal opportunity cost.
If we double the amount of butter that is produced, the number of firearms that are manufactured will drop from 44 to 36. As a result, the opportunity cost of the first butter is eight guns.
The total potential cost of one stick of butter is eight firearms
The opportunity cost of the fourth unit of butter is equal to fourteen Guns
The total potential cost of four butter is equal to forty-four guns
Yes, it is possible since, at point C, two sticks of butter and twenty-six firearms may be manufactured.
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CQ
The production possibilities curve below shows the hypothetical relationship between the production of guns (national defense) and butter (social goods) in an economy.
Combination Guns Butter
A 0 4
B 14 3
C 26 2
D 36 1
E 44 0
Instructions: Enter values as whole numbers.
a) What is the marginal opportunity cost of producing the first unit of butter?
______
units of guns
b) What is the total opportunity cost of producing the first unit of butter?
______
units of guns
c) What is the marginal opportunity cost of producing the fourth unit of butter?
________
units of guns.
d) What is the total opportunity cost of producing the fourth unit of butter?
________
units of guns.
e) Is 15 units of guns and 2 units of butter attainable or unattainable, given these production possibilities?
According to economic theory, management is responsible for
maximizing profits
True
False
Answers
According to economic theory, the statement is generally true. In a profit-maximizing framework, management is indeed responsible for maximizing profits. This perspective is based on the assumption that businesses operate in competitive markets where their primary objective is to maximize their financial returns.
Profit maximization involves making decisions that increase revenue and reduce costs to achieve the highest possible level of profitability. This can be accomplished through various strategies, such as optimizing production processes, setting prices strategically, managing costs effectively, and exploring new market opportunities.
However, it's important to note that profit maximization is not the sole objective of all businesses. Some companies may prioritize other goals alongside or instead of profit maximization, such as social and environmental considerations or long-term sustainability. Additionally, in certain situations, management may need to balance profit objectives with other stakeholders' interests, such as employees, customers, and communities.
Overall, while profit maximization is often considered a fundamental goal of management in economic theory, it is important to recognize that different organizations may have diverse objectives and priorities beyond purely financial gains.
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Helpppp!
what does AP stand for and what does it mean?
Thanks! :)
Answers
Acounts payable
Explanation:
Answer: it stands for Associated Press
Explanation: I’m pretty sure it’s business that answers from the name I see.
6. Identify a change in technology during each of the time periods in history below that you believe improved the
way marketing activities were completed. List the example and explain how it contributed to marketing during
that time.
(a) 1900s to 1930s
(b) 1930s to 1950s
(c) 1950s to 1980s
(d) 1980s to today
Answer:
Answers
Answer:
Prior to the 1950s, the production orientation generally held true due to the growing numbers of affluent and middle class people that capitalism had created.
Say’s Law states that the “production of commodities creates, and is the one and universal cause which creates, a market for the commodities produced”.
The emphasis of firms adopting a production orientation of marketing would have been based on the theory of economies of scale, which are the cost advantages that an enterprise obtains due to expansion.
Perform the regression and write the estimated regression equation. do the coefficient signs agree with your a priori expectations?
Answers
Performing a regression involves analyzing the relationship between two variables. The estimated regression equation is used to predict the dependent variable based on the independent variable. The coefficient signs indicate the direction and magnitude of the relationship between the variables. If the coefficient sign agrees with a priori expectations, it means that the regression results are consistent with the initial assumptions about the variables. The estimated regression equation and coefficient signs should be interpreted in the context of the data and the research question being addressed.
To answer this question more specifically, I would need additional information about the variables and the analysis being conducted.
To perform the regression and write the estimated regression equation, you would first collect data on the variables of interest. Next, you would use a statistical software or tool to run a regression analysis on this data. The output will provide you with the estimated coefficients for each variable, along with the intercept.
The estimated regression equation would be in the form: Y = b0 + b1X1 + b2X2 + ... + bnXn, where Y is the dependent variable, b0 is the intercept, and b1, b2, ..., bn are the coefficients for the independent variables X1, X2, ..., Xn.
To determine if the coefficient signs agree with your a priori expectations, compare the signs of the estimated coefficients to your predictions based on theory or previous knowledge. If the signs align with your expectations, then they agree. If not, further investigation may be needed to understand the discrepancy.
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How did Joe Biden get president?
⇔∈∉∧⊇←²³√∛·×÷±≈≠≥≤≡≅⇒,㏒
Answers
Answer:
Dont know im canadian
Explanation: