Achair manufacturer hires its assembly-line labor for $30 an hour and calculates that the rental cost of its machinery is $15per hour. suppose that a chair can be produced using 4 hours of labor or machinery in any combination. if the firm iscurrently using 3 hours of labor for each hour of machine time, is it minimizing its costs of production? if so, why? if not, how can it improve the situation? graphically illustrate the isoquant and the two isocost lines for the current combinationof labor and capital and for the optimal combination of labor and capital

What two elements normally must exist before a person can be held liable for a crime

Which statement best describes the variety of workplaces commonly found in the health science career cluster? a. workplaces in this cluster include healthcare facilities such as hospitals, physician offices, and clinics. b. workplaces in this cluster include healthcare facilities, laboratories, and other environments such as offices or homes. c . workplaces in this cluster include nonprofit hospitals, government-run clinics, and private physicians' offices. d. workplaces in this cluster include private and nonprofit hospitals and clinics, and dentists' offices.

The smelting department of kiner company has the following production and cost data for november. production: beginning work in process 3,700 units that are 100% complete as to materials and 23% complete as to conversion costs; units transferred out 10,500 units; and ending work in process 8,100 units that are 100% complete as to materials and 41% complete as to conversion costs. compute the equivalent units of production for (a) materials and (b) conversion costs for the month of november. materials conversion costs total equivalent units