Afirm produces output (y) using two inputs, labor (l) and capital (k), according to the following cobb-douglas production function: y = f(l, k) = l^0.25 k^0.75. assume that =100 and k=50 and suppose that the firm decides to reduce its use of capital and replace those machine hours with some additional labor hours. approximately how many labor hours will the firm need to add for each machine hour it cut in order to maintain the same level of output (i. e., stay on the same isoquant)? give your answer to two decimal places.

In a sumif conditional function, what should be the order of terms in the parentheses?

Georgia's gross pay was 35,600 this year she is to pay a federal income tax of 16% how much should georgia pay in federal income ax this year

Miller company’s total sales are $171,000. the company’s direct labor cost is $20,520, which represents 30% of its total conversion cost and 40% of its total prime cost. its total selling and administrative expense is $25,650 and its only variable selling and administrative expense is a sales commission of 5% of sales. the company maintains no beginning or ending inventories and its manufacturing overhead costs are entirely fixed costs. required: 1. what is the total manufacturing overhead cost? 2. what is the total direct materials cost? 3. what is the total manufacturing cost? 4. what is the total variable selling and administrative cost? 5. what is the total variable cost? 6. what is the total fixed cost? 7. what is the total contribution margin?