21.6 (0) Touchie MacFeelie’s irascible business manager, Gander MacGrope, announces that old jokes can be purchased for $1 each and that the wage rate of cartoonists’ labor is $2.
(a) Suppose that in the short run, Touchie is stuck with exactly 100 old
jokes (for which he paid $1 each) but is able to hire as much labor as he
wishes. How much labor would he have to hire in order produce Q comic
books? Q4/3.
(b) Write down Touchie’s short-run total cost as a function of his output
2Q4/3 + 100.
(c) His short-run marginal cost function is 8Q1/3/3.
(d) His short-run average cost function is 2Q1/3 + 100/Q.

Companies in the u.s. car rental market vary greatly in terms of the size of the fleet, the number of locations, and annual revenue. in 2011 hertz had 320,000 cars in service and annual revenue of approximately $4.2 billion. the following data show the number of cars in service (1000s) and the annual revenue ($ millions) for six smaller car rental companies (auto rental news website, august 7, 2012). excel file: data14-09.xls if required, enter negative values as negative numbers. a. select a scatter diagram with the number of cars in service as the independent variable. b. what does the scatter diagram developed in part (a) indicate about the relationship between the two variables? c. use the least squares method to develop the estimated regression equation (to 3 decimals). ŷ = + x d. for every additional car placed in service, estimate how much annual revenue will change. by $ e. fox rent a car has 11,000 cars in service. use the estimated regression equation developed in part (c) to predict annual revenue for fox rent a car. round your answer to nearest whole value. $ million hide feedback partially correct

1. is the act of declaring a drivers license void and terminated when it is determined that the license was issued through error or fraud.

Determining effects of stock splits oracle corp has had the following stock splits since its inception. effective date split amount october 12, 2000 2 for 1 january 18, 2000 2 for 1 february 26, 1999 3 for 2 august 15, 1997 3 for 2 april 16, 1996 3 for 2 february 22, 1995 3 for 2 november 8, 1993 2 for 1 june 16,1989 2 for 1 december 21, 1987 2 for 1 march 9, 1987 2 for 1 a. if the par value of oracle shares was originally $2, what would oracle corp. report as par value per share on its 2015 balance sheet? compute the revised par value after each stock split. round answers to three decimal places.