Scenario: You are the owner of a company who is considering taking your business international. You recognize that politics and legal factors play as significant role in international business dealings, so you begin conducting research to better understand what you are facing.

Experienced problem solvers always consider both the value and units of their answer to a problem. why?

(30 total points) suppose a firm’s production function is given by q = l1/2*k1/2. the marginal product of labor and the marginal product of capital are given by: mpl = 1/ 2 1/ 2 2l k , and mpk = 1/ 2 1/ 2 2k l . a) (12 points) if the price of labor is w = 48, and the price of capital is r = 12, how much labor and capital should the firm hire in order to minimize the cost of production if the firm wants to produce output q = 18?

What business practice contributed most to andrew carnegie’s ability to form a monopoly?