Suppose that a firm's production function is given by: Qequals=1212Lminus−Upper L squaredL2, for Lequals=0 to 66, where L is labor input per day and Q is output per day. Derive and draw the firm's demand for labor if the firm's output sells for $1010 in a competitive market. The marginal product of labor (MP Subscript Upper LMPL) is 1212minus−2L. Using the line drawing tool, draw the firm's labor demand curve. Label this curve Upper D Subscript Upper LDL. Carefully follow the instructions above, and only draw the required objects.

Caleb construction (cc) incurs supervisor salaries expense in the construction of homes. if cc manufactures 100 homes in a year, fixed supervisor salaries will be $400,000. with the current construction supervisors, cc's productive capacity is 150 homes in a year. however, if cc is contracts to build more than 150 homes per year, it will need to hire additional supervisors, which are hired as full-time rather than temporary employees. cc's productive capacity would then become 200 homes per year, and salaries expense would increase to $470,000. how would cc’s salaries expense be properly classified? fixed variable mixed stepped curvilinear