An orange grower has discovered a process for producing oranges that requires two inputs. the production function is q = min{2x1, x2}, where x1 and x2 are the amounts of inputs 1 and 2 that he uses. the prices of these two inputs are w1 = $5 and w2 = $2, respectively. the minimum cost of producing 140 units is therefore
a. $980.
b. $630.
c. $1,400.
d. $280.
e. $700.
Answers: 2
Business, 22.06.2019 21:20, dorianhenderson987
Label each of the following statements true, false, or uncertain. explain your choice carefully. a. workers benefit equally from the process of creative destruction. b. in the past two decades, the real wages of low-skill u. s. workers have declined relative to the real wages of high-skill workers. c. technological progress leads to a decrease in employment if, and only if, the increase in output is smaller than the increase in productivity. d. the apparent decrease in the natural rate of unemployment in the united states in the second-half of the 1990s can be explained by the fact that productivity growth was unexpectedly high during that period.
Answers: 3
Business, 22.06.2019 23:10, smcardenas02
Powell company began the 2018 accounting period with $40,000 cash, $86,000 inventory, $60,000 common stock, and $66,000 retained earnings. during 2018, powell experienced the following events: sold merchandise costing $58,000 for $99,500 on account to prentise furniture store. delivered the goods to prentise under terms fob destination. freight costs were $900 cash. received returned goods from prentise. the goods cost powell $4,000 and were sold to prentise for $5,900. granted prentise a $3,000 allowance for damaged goods that prentise agreed to keep. collected partial payment of $81,000 cash from accounts receivable. required record the events in a statements model shown below. prepare an income statement, a balance sheet, and a statement of cash flows. why would prentise agree to keep the damaged goods?
Answers: 2
Business, 23.06.2019 23:30, pretti78
During 2010, raines umbrella corp. had sales of $850,000. cost of goods sold, administrative and selling expenses, and depreciation expenses were $610,000, $110,000, and $140,000, respectively. in addition, the company had an interest expense of $85,000 and a tax rate of 35 percent. (ignore any tax loss carryback or carryforward provisions.) suppose raines umbrella corp. paid out $63,000 in cash dividends. is this possible
Answers: 3
An orange grower has discovered a process for producing oranges that requires two inputs. the produc...
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