Ts marginal product functions are: MP Subscript Upper LMPLequals=2KL and MP Subscript Upper KMPKequals=Upper L squaredL2. The price of capital, r, is $3030 and the price of labor, w, is $2020. What combination of labor and capital minimizes the cost of producing any given output? The capital-to-labor ratio should be nothing to minimize the cost of producing any given output.

Which value describes the desire to be one’s own boss? a. autonomy b. status c. security d. entrepreneurship

Which maxim is being neglected in the following conversation? eli: how did you do at the track meet? caleb: i came in second place! eli: congratulations! what was your time? caleb: six minutes, four seconds. the guy who won only beat me by three seconds. eli: really? katie said the winning time was under 6 minutes. caleb: oh, well, he might have beat me by five seconds. a)maxim of quantity b)maxim of quality c)maxim of relevance d)maxim of manner

Robert black, regional manager for ford in texas and oklahoma, faced a dilemma. the ford f-150 pickup truck was the best-selling pickup ever, yet ford's headquarters in detroit had decided to introduce a completely redesigned f-150. how could mr. black sell both trucks at the same time? he still had "old" f-150s in stock. in his advertising, mr. black referred to the new f-150s as follows: "not a better f-150. just the only truck good enough to be the next f-150." this statement represents ford's of the new f-150.