Leupold & stevens, inc., makes leupold scopes for rifles and has introduced a new scope that has the quality and performance for which leupold & stevens is famous but at a price much lower than it (or any other competitor) has ever sold a rifle scope for. in terms of new product pricing strategies, which pricing strategy is leupold & stevens using? a. price skimming b. status quo pricing c. penetration pricing d. unbundling e. cost sharing

Suppose the production function in an economy is y = k0.5l0.5, where k is the amount of capital and l is the amount of labor. the economy begins with 64 units of capital and 16 units of labor. use a calculator and equations in the chapter to find a numerical answer to each of the following questions. what are the wage and the rental price of capital? the wage is equal to unit(s) of output and the rental price of capital is equal to unit(s) of output.