The nation of ectenia has 40 competitive apple orchards, which sell apples at the world price of $2 per apple. the following equations describe the production function and the marginal product of labor in each orchard: q = 120l−l2, mpl = 120−2l where q is the number of apples produced in a day, l is the number of workers, and mpl is the marginal product of labor. what is each orchard’s labor demand as a function of the daily wage w?

(a) l=60−0.25w
(b) l=2,400−10w
(c) l=120−2w
(d) l=60−0.5w

As a result of a thorough physical inventory, waterway company determined that it had inventory worth $320200 at december 31, 2020. this count did not take into consideration the following facts: walker consignment currently has goods worth $47400 on its sales floor that belong to waterway but are being sold on consignment by walker. the selling price of these goods is $75900. waterway purchased $21900 of goods that were shipped on december 27, fob destination, that will be received by waterway on january 3. determine the correct amount of inventory that waterway should report.