Suppose a firm with a production function given by q=18k^0.8 l^0.2 produces 800 units of output. the firm pays a wage of $20 per unit and pays a rental rate of capital of $30 per unit. a. compute the optimal number of units of labor and capital that the firm should employ to minimize the cost of production (for 800 units of output). b. compute the total cost. c. determine the short run and long run costs of increasing output to 2000 units

All of the following led to the collapse of the soviet economy except a. a lack of worker incentives. c. inadequate supply of consumer goods. b. a reliance on production quotas. d. the introduction of a market economy.

With only a part-time job and the need for a professional wardrobe, rachel quickly maxed out her credit card the summer after graduation. with her first full-time paycheck in august, she vowed to pay $270 each month toward paying down her $8 comma 368 outstanding balance and not to use the card. the card has an annual interest rate of 18 percent. how long will it take rachel to pay for her wardrobe? should she shop for a new card? why or why not?

Whom do progressive taxes assess? a. only a large percentage of high-income households b. only a large percentage of organizations c. a large percentage of high-income households and organizations d. a large percentage of low-income households e. a small percentage of high-income households