Cost of production output
Suppose a production function is given by F(k,l,)=KL^2; the price of Capital is $10 and the price of labor &15 .What combination of labor and capital minimizes the cost of production given output?
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How are consumers affected in this particular market? If the government relaxed its oversight of the industry, what would be the consequences and economic impacts?
If a review of the accounting records determined that $86,000 of goods were still in production at year-end, Hamilton should make a journal entry on December 31 that includes:
Technology ended the physical and intellectual isolation of Americans by introducing them to the people and cultures of many nations around the world, not to mention other people in America that were not logistically close enough to interact with bef
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An enterprise fund of Grist was billed $10,000 for using the services of an internal service fund's data processing center. What account should Grist's enterprise fund debit to record this billing ?
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The cash selling price of the equipment is $5,174,552, which is equal to the present value of the lease payments at 8%. Marshall purchased the equipment for $4,300,000. For 2008, Marshall should report interest revenue of:
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