Suppose we now care about the long run decisions of a firm that has a production function of the form q = 4l 1/2 + k 1. calculate the mrts 2. do the isoquants of this production function have the diminishing mrts quality? why? 3. if wage is w and the price of capital r, write the tangency condition. 4. suppose w = 1 and r = 0.5 and the firm decides to produce 10 units of output. (a) what are the optimal choices of inputs for this firm? (b) what are the total costs? 5. at the same input prices, the firm chooses now to produce 20 units of output. (a) what are the optimal choices of inputs for this firm? (b) do you find something unusual what compared to the optimal choices for q = 10 in question 4a? (c) what are the total costs?

Choose the list of the best uses for word processing software. lists, resumes, writing a book, and payroll data letters to your friends, resumes, spreadsheets, and school papers resumes, cover letters, databases, and crossword puzzles book reports, letters to your friends, resumes, and contracts

Standardization is associated with which of the following management orientations? a) ethnocentric orientation b) polycentric orientation c) regiocentric orientation d) geocentric orientation

P11.2a (lo 2, 4) fechter corporation had the following stockholders’ equity accounts on january 1, 2020: common stock ($5 par) $500,000, paid-in capital in excess of par—common stock $200,000, and retained earnings $100,000. in 2020, the company had the following treasury stock transactions. journalize and post treasury stock transactions, and prepare stockholders’ equity section. mar. 1 purchased 5,000 shares at $8 per share. june 1 sold 1,000 shares at $12 per share. sept. 1 sold 2,000 shares at $10 per share. dec. 1 sold 1,000 shares at $7 per share. fechter corporation uses the cost method of accounting for treasury stock. in 2020, the company reported net income of $30,000. instructions a. journalize the treasury stock transactions, and prepare the closing entry at december 31, 2020, for net income. b. open accounts for (1) paid-in capital from treasury stock, (2) treasury stock, and (3) retained earnings. (post to t-accounts.) c. prepare the stockholders’ equity section for fechter corporation at december 31, 2020.