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A firm uses capital and labor to produce a single output good. The production function is given by F(K, L) = K2 L where K is the amount of capital and L is the amount of labor employed by the firm. The unit prices of capital and labor are given by, respectively, r = $6 and w =$5. Based on this information, please draw the optimal expansion path of the firm. Explain.
The gross earnings of the factory workers for Vargas Company during the month of January are $66,000. The employer's payroll taxes for the factory payroll are 8,000. The fringe ben
using the high low method how do i calculate the costs that are expected when the output expected is out of the range given for example cost prdctn volume 110000
1. The bank added another company's deposit to our account. This would be included on the bank reconciliation as a(n). a) addition to the balance per books. b) subtraction from the
In most situations this will be essential to grant credit to customers. It may be essential either due to competition or because of the custom of trade. Though, when we grant credi
What is idle time for Fast Moving,Slow Moving,Non Moving, and Dead Stock??? Thanks in Advance. Santosh K Jha
Typical Causes of Material Variances Price Variances a) Paying lower or higher prices than planned. b) Losing or gaining quantity discounts via buying in large
1. Provide at least three characteristics of a corporation (in your own words). 2. The date on which a cash dividend becomes a binding legal obligation is known
ShipShape Company makes 2 different types of boats, commercial fishing and sail boats both for recreation and competition. The company consists of two different departments, design
scope and limitations of product costing
meaning and definition of operating costing
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