Suppose that the Acme Gumball Company has a perfect complements production function that requires it to use two gumball presses (K) and one worker (L) to produce 1000 gumballs per hour. Let Q measure the number of gumballs per hour in thousand, i. e. Q = 1 for the production of 1000 gumballs per hour. a. Write the production function for gumballs. What is the lowest cost combination of K and L that would allow Acme to produce 50,000 gumballs per hour?
b. Suppose that the price of gumball press is $3 per hour and the price of labor is $5 per hour. What is the total cost of producing 50,000 gumballs per hour?

At april 1, 2019, the food and drug administration is in the process of investigating allegations of false marketing claims by hulkly muscle supplements. the fda has not yet proposed a penalty assessment. hulkly’s fiscal year ends on december 31, 2018. the company’s financial statements are issued in april 2019. required: for each of the following scenarios, determine the appropriate way to report the situation. 1. management feels an assessment is reasonably possible, and if an assessment is made an unfavorable settlement of $13 million is reasonably possible. 2. management feels an assessment is reasonably possible, and if an assessment is made an unfavorable settlement of $13 million is probable. 3. management feels an assessment is probable, and if an assessment is made an unfavorable settlement of $13 million is reasonably possible. 4. management feels an assessment is probable, and if an assessment is made an unfavorable settlement of $13 million is probable.