Ts marginal product functions are: MP Subscript Upper LMPLequals=2KL and MP Subscript Upper KMPKequals=Upper L squaredL2. The price of capital, r, is $3030 and the price of labor, w, is $2020. What combination of labor and capital minimizes the cost of producing any given output? The capital-to-labor ratio should be nothing to minimize the cost of producing any given output.

Joe finally found a house for sale that he liked. which factor could increase the price of the house he likes? a. both he and the seller each have a real estate agent. b. a home inspector finds faulty wiring in the house. c. the house has been for sale for almost a year. d. several buyers all want that same house.

Lusk corporation produces and sells 14,300 units of product x each month. the selling price of product x is $25 per unit, and variable expenses are $19 per unit. a study has been made concerning whether product x should be discontinued. the study shows that $72,000 of the $102,000 in monthly fixed expenses charged to product x would not be avoidable even if the product was discontinued. if product x is discontinued, the annual financial advantage (disadvantage) for the company of eliminating this product should be:

Which of the following is not a characteristic of a weak economy? a. a low employment rateb. a high inflation ratec. a decreased gdpd. a high unemployment rate