Business, 08.11.2019 03:31 pandagirl710
Consider a firm with production function f(l, k)=l1/7k6/7 (cost minimization for this firm is characterized by the tangency rule). assume also that the price of capital r=3 and the price of labor w=2. suppose that a worker strike constrains the firm to a level of labor x units lower than its original level, where x is a small number. what is a good approximation of the amount of capital that the firm should increase in order to maintain its original level of production?
Answers: 2
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Asmartphone manufacturing company uses social media to achieve different business objectives. match each social media activity of the company to the objective it the company achieve.
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Business, 22.06.2019 15:40
The cost of direct labor used in production is recorded as a? a. credit to work-in-process inventory account. b. credit to wages payable. c. credit to manufacturing overhead account. d. credit to wages expense.
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Business, 22.06.2019 17:10
Calculate riversideโs financial ratios for 2014. assume that riverside had $1,000,000 in lease payments and $1,400,000 in debt principal repayments in 2014. (hint: use the book discussion to identify the applicable ratios.)
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Consider a firm with production function f(l, k)=l1/7k6/7 (cost minimization for this firm is charac...
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