Some economists believe that the u. s. economy as a whole can be modeled with the following production function, called the cobb-douglas production function: yy = = ak13l23ak13l23 where yy is the amount of output, kk is the amount of capital, ll is the amount of labor, and aa is a parameter that measures the state of technology. for this production function, the marginal product of labor is:

Dahlia enterprises needs someone to supply it with 127,000 cartons of machine screws per year to support its manufacturing needs over the next five years, and you’ve decided to bid on the contract. it will cost you $940,000 to install the equipment necessary to start production; you’ll depreciate this cost straight-line to zero over the project’s life. you estimate that in five years, this equipment can be salvaged for $77,000. your fixed production costs will be $332,000 per year, and your variable production costs should be $11.00 per carton. you also need an initial investment in net working capital of $82,000. if your tax rate is 30 percent and your required return is 11 percent on your investment, what bid price should you submit? (do not round intermediate calculations and round your final answer to 2 decimal places. (e. g., 32.16))

One of the benefits of a well designed ergonomic work environment is low operating costs is true or false

When immigration adds to the size of the domestic labor pool, which of the following is likely to occur? a. wages decrease. b. productivity increases. c. consumption decreases. d. minimum wage increases.