The production function is f (l, m) = 4l1/2m1/2, where l is the number of units of labor and m is the number of machines used. if the cost of labor is $36 per unit and the cost of machines is $4 per unit, then the total cost of producing 6 units of output will be:

%of the world's population controls approximately % of the world's finances (the sum of gross domestic products)" quizlket

In canada, the reference base period for the cpi is 2002. by 2012, prices had risen by 21.6 percent since the base period. the inflation rate in canada in 2013 was 1.1 percent. calculate the cpi in canada in 2013. hint: use the information that “prices had risen by 21.6 percent since the base period” to find the cpi in 2012. use the inflation rate formula (inflation is the growth rate of the cpi) to find cpi in 2013, knowing the cpi in 2012 and the inflation rate. the cpi in canada in 2013 is round up your answer to the first decimal. 122.9 130.7 119.6 110.5

If a product goes up in price, and the demand for it drops, that product's demand is a. elastic b. inelastic c. stable d. fixed select the best answer from the choices provided