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:
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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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