The production function for the personal computers of disk, inc., is given by q equals 10 upper k superscript 0.5 baseline upper l superscript 0.5 where q is the number of computers produced per day, k is hours of machine time, and l is hours of labor input. disk's competitor, floppy, inc., is using the production function q equals 10 upper k superscript 0.6 baseline upper l superscript 0.4 . if both companies use the same amounts of capital and labor and upper k equals upper l , which firm will generate more output? the output of floppy = disk . assume that capital is limited to 9 machine hours, but labor is unlimited in supply. in which company is the marginal product of labor greater? explain. a. disk has the greater marginal product of labor when labor is greater than 1. b. floppy has the greater marginal product of labor. c. floppy has the greater marginal product of labor when labor is greater than 1. d. disk has the greater marginal product of labor.

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

Carrie works at a canned food production factory. the government wanted to give a boost to the salt industry, so it lined up numerous subsidies and tax exemptions for the sector. this lead to a decrease in production costs. this also meant that consumers could access canned foods at a lower price, which lead to an increase in demand for the product. which kind of economic system is carrie’s company dealing with? carrie’s company is dealing with a/an economy.

Acoase solution to a problem of externality ensures that a socially efficient outcome is to