Use the neoclassical theory of distribution to predict the impact on the real wage and the real rental price of capital of each of the following events: a. a wave of immigration increases the labor force. b. an earthquake destroys some of the capital stock. c. a technological advance improves the production function. d. high inflation doubles the prices of all factors and outputs in the economy.

The gomez company, a merchandising firm, has budgeted its activity for december according to the following information: • sales at $500,000, all for cash. • merchandise inventory on november 30 was $250,000. • the cash balance at december 1 was $20,000. • selling and administrative expenses are budgeted at $50,000 for december and are paid for in cash. • budgeted depreciation for december is $30,000. • the planned merchandise inventory on december 31 is $260,000. • the cost of goods sold represents 75% of the selling price. • all purchases are paid for in cash. the budgeted cash disbursements for december are:

Costs of production that do not change when output changes.question 17 options: total revenuefixed incometotal costfixed cost

The solution set for -18 < 5x-3 iso-3х3< xо-3хo3 > x