Anderson corporation had a credit balance of $43,000 in its retained earnings account on december 31, 2014. net income of $6,000 was reported on its income statement for the year ended december 31, 2015. dividends in the amount of $5,625 were declared on december 31, 2015; the dividends are payable to the company's stockholders on february 1, 2016. the balance in its retained earnings account on december 31, 2015 equals

Suppose that a paving company produces paved parking spaces (q) using a fixed quantity of land (t) and variable quantities of cement (c) and labor (l). the firm is currently paving 1,000 parking spaces. the firm's cost of cement is $3 comma 600.003,600.00 per acre covered (c) and its cost of labor is $35.0035.00/hour (w). for the quantities of c and l that the firm has chosen, mp subscript upper c baseline equals 60mpc=60 and mp subscript upper l baseline equals 7mpl=7. is this firm minimizing its cost of producing parking spaces?