Afirm buys two inputs, labor l and capital k, the total amount of which cannot exceed 100. the wage is $8, and the rental rate is $10. the firm can at most spend $840 on the two inputs.
a. write the two equations:
input limit: k + l = 100
budget limit: 8 x k + 10 x l = 840
b. what are the quantities of two inputs the firm must buy in order to produce a maximum output, given input and budget constraints?
l=
k=

Analyzing operational changes operating results for department b of delta company during 2016 are as follows: sales $540,000 cost of goods sold 378,000 gross profit 162,000 direct expenses 120,000 common expenses 66,000 total expenses 186,000 net loss $(24,000) suppose that department b could increase physical volume of product sold by 10% if it spent an additional $18,000 on advertising while leaving selling prices unchanged. what effect would this have on the department's net income or net loss? (ignore income tax in your calculations.) use a negative sign to indicate a net loss answer; otherwise do not use negative signs with your answers. sales $answer cost of goods sold answer gross profit answer direct expenses answer common expenses answer total expenses answer net income (loss) $answer