Suppose that a firm's production function is given by q = kl(mpk = l and mpl = k), where q is the quantity of output, k is units of capital, and l is units of labor. the price per unit of labor and capital are $30 and $20, respectively.(a) how many units of labor and capital should the firm use if it wants to minimize the cost of producing 600 units of output? (b) suppose that the firm experiences a technological change, transforming its production function to q = 1.23kl (mpk = l and mpl = k). what is the minimum cost of producing 600 units of output?

When paul o’neill joined alcoa as ceo, he set a , that there would be zero workplace accidents. a lot of people in the organization thought this was impossible given how dangerous some aluminum-manufacturing jobs are, but alcoa’s safety record improved tremendously. as the board of governors of the american red cross considers planning, one option is to make strategic plans and then direct managers to align tactical and operational plans accordingly. another option is to have planning specialists managers across the organization make their own plans. why might this organization’s executives opt for the latter approach? check all that apply. (a) the environment is a dynamic one, and department and frontline managers can come up with more responsive plans than can central leadership. (b)resources will be better coordinated across the organization in support of the overall strategy.(c) senior leadership will have more control over the organization’s direction. (d)when managers come up with their own plans, they are likely to be more committed to following through on them.