According to the wall street journal, mitsubishi motors recently announced a major restructuring plan in an attempt to reverse declining global sales. suppose that as part of the restructuring plan mitsubishi conducts an analysis of how labor and capital are used in its production process. prior to restructuring mitsubishi’s marginal rate of technical substitution is 0.17 (in absolute value). to hire workers, suppose that mitsubishi must pay the competitive hourly wage of ¥1,780. in the study of its production process and markets where capital is procured, suppose that mitsubishi determines that its marginal productivity of capital is 0.8 small cars per hour at its new targeted level of output and that capital is procured in a highly competitive market. the same study indicates that the average selling price of mitsubishi’s smallest car is ¥1,250,000. determine the rate at which mitsubishi can rent capital and the marginal productivity of labor at its new targeted level of output?

Suppose that hubert, an economist from an am talk radio program, and kate, an economist from a nonprofit organization on the west coast, are arguing over government bailouts. the following dialogue shows an excerpt from their debate: kate: to recent financial crises, the concept of bailouts is a hot topic for debate among everyone these days. hubert: indeed, it’s gotten crazy! a government bailout of severely distressed financial firms is unnecessary because free markets will properly price assets. kate: i don’t know about that. without a bailout of severely distressed financial firms, the economy will experience a deep recession. the disagreement between these economists is most likely due todifferences in scientific judgments . despite their differences, with which proposition are two economists chosen at random most likely to agree? business managers can raise profit more easily by reducing costs than by raising revenue. central banks should focus more on maintaining low unemployment than on maintaining low inflation. employers should not be restricted from outsourcing work to foreign nations

Tom has brought $150,000 from his pension to a new job where his employer will match 401(k) contributions dollar for dollar. each year he contributes $3,000. after seven years, how much money would tom have in his 401(k)?

Identify the level of the literature hierarchy for u. s. gaap to which each item belongs