### How much must it pay for each hour it uses its capital

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1) A cost-minimizing firm can produce 4056 units of output when it uses 100 units of labor and 35 machines and 4071 units when it uses 101 units of labor and 35 machines. If the wage rate is \$3 and the rental rate of capital is \$10, what must the marginal product of capital be here?

2) If the George Firm is minimizing costs, its RTS is 1.5, and it pays its workers \$30 per hour, how much must it pay for each hour it uses its capital?

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 Calculate the short and long run price elasticities : According to a study of US cigarette sales between 1955 and 1985, when the price of cigarettes was 1% higher, consumption would be 0.4% lower in the short run and 0.75% lower in the long run (Becker et al., 1994). Explain what is the firm''s income tax liability : Dividends received of \$44,209, dividends paid of \$10,000, and income taxes. What is the firm's income tax liability? When is aqua first exempt from amt as a small corporation : The tax credit for rehabilitation expenditures is available to help offset the costs related to substantially rehabilitating certain buildings. The credit is calculated on the rehabilitation expenditures incurred and not on the acquisition cost of.. Define investment bankers expect to exercise the option : The investment bankers expect to exercise the option and purchase the 300,000 shares in exactly one year, when the stock price is fore-casted to be \$4.50 per share. However, there is a chance that the stock price will actually be \$10.00 per share .. How much must it pay for each hour it uses its capital : If the George Firm is minimizing costs, its RTS is 1.5, and it pays its workers \$30 per hour, how much must it pay for each hour it uses its capital? What are the shareholders trying to accomplish : Anaconda Ltd. has substantial earnings and profits and appreciated assets. It adopts a plan of complete liquidation and distributes its assets to its shareholders. Soon thereafter, the shareholders transfer the assets to a new corporation Graph the two-period budget constraint for consumption : The government modifies the consumption tax somewhat so that the first \$20k of consumption in each period is tax free. Now graph the budget constraint. What was amount of gain or loss on retirement of bonds : The bonds were dated January 1, 20011. Interest is paid semiannually on January 1 and July 1. On April 1, Hanson purchased 1/2 of the bonds on the open market at 99 plus accrued interest and canceled them. Explain what is the equivalent annual cost of the washer : What is the equivalent annual cost of the washer, if the firm uses straight-line depreciation? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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