Horton industries’ shareholders’ equity included 180 million shares of $1 par common stock and a balance in paid-in capital—excess of par of $1,440 million. assuming that horton retires shares it reacquires (restores their status to that of authorized but unissued shares), by what amount will horton’s total paid-in capital decline if it reacquires 5 million shares at $7.00 per share?

Suppose the production function in an economy is y = k0.5l0.5, where k is the amount of capital and l is the amount of labor. the economy begins with 64 units of capital and 16 units of labor. use a calculator and equations in the chapter to find a numerical answer to each of the following questions. what are the wage and the rental price of capital? the wage is equal to unit(s) of output and the rental price of capital is equal to unit(s) of output.