Consider a firm that produces a single output with a single input, labor, using production function F (L) = 100L − 4L², for L ∈ [0, 12.5]. The input price is W = 2. The firm can sell the output at a price of P = 1/16.
1) Determine the firm’s cost function C (Q), that is, the lowest cost of producing Q units of output. State the associated labor choice for a given required output, L(Q). Consider only the range Q ∈ [0, 12.5].
2) What is the firm’s marginal cost curve, MC(Q)?

Castillo corporation, a manufacturer, reports costs for the year as follows: direct materials used $735,000 wages to line workers 510,000 office rent 26,000 indirect materials used 700,000how much is the total period costs for castillo? $735,000 $510,000 $26,000 $700,000

Diversity is an obstacle all marketers face: true false

Assume that the following conditions exist: a. all banks are fully loaned up- there are no excess reserves, and desired excess reserves are always zero. b. the money multiplier is 5 .     c. the planned investment schedule is such that at a 4 percent rate of interest, investment =$1450 billion. at 5 percent, investment is $1420 billion. d. the investment multiplier is 3 . e.. the initial equilibrium level of real gdp is $12 trillion. f. the equilibrium rate of interest is 4 percent now the fed engages in contractionary monetary policy. it sells $1 billion worth of bonds, which reduces the money supply, which in turn raises the market rate of interest by 1 percentage point. calculate the decrease in money supply after fed's sale of bonds: $nothing billion.