Consider the following production function for a firm: q = 200L0.75 K0.25 where q= output, K = capital and L = labor. The firm uses capital and labor whose prices are $60 and $30 respectively. The total cost outlay for the utilizations of both capital and labor is $8,400. Using the Lagrangian Multiplier procedure, determine the amount of each input to use, which will maximize output.

Last year, western corporation had sales of $5 million, cost of goods sold of $3 million, operating expenses of $175,000 and depreciation of $125,000. the firm received $40,000 in dividend income and paid $200,000 in interest on loans. also, western sold stock during the year, receiving a $40,000 gain on stock owned 6 years, but losing $60,000 on stock owned 4 years. what is the firm's tax liability?

Which of the following is least likely to a team solve problems together

Which represents a surplus in the market? a market price equals equilibrium price. b quantity supplied is greater than quantity demanded. c market price is less than equilibrium price. d quantity supplied equals quantity demanded.