Suppose a small business knows its production function output = A × f(L, K, H, N) = A × (L + K + H + N). The president of the company is wondering if having a new technology would help increase the total output. Previously, the company had a total output of 120, where L = 20, H = 20, K = 30, and N = 50. After the firm uses the new technology, where A = 2.5, its output rises to 300. Which of these statements is NOT true about this firm's production function?

answer; ( prices are sticky);

lbc corporation makes and sells a product called product wz. each unit of product wz requires 4.1 hours of direct labor at the rate of $20.00 per direct labor-hour. management would like you to prepare a direct labor budget for june. the company plans to sell 28,000 units of product wz in june. the finished goods inventories o

answer; complain or request hazard correction from your employer;

answer; comparing the additional benefits and costs;