1. consider the production function q = (0.5k1/3 + 0.5l1/3)3 . suppose the firms want to minimize the cost of producing 8 units of output. it pays a wage rate w of $40 and capital cost r of $10. how many units of labor and capital should the firm use?

At the beginning of 2014, winston corporation issued 10% bonds with a face value of $2,000,000. these bonds mature in five years, and interest is paid semiannually on june 30 and december 31. the bonds were sold for $1,852,800 to yield 12%. winston uses a calendar-year reporting period. using the effective-interest method of amortization, what amount of interest expense should be reported for 2014? (round your answer to the nearest dollar.)