Pedro is considering whether to invest in a startup. Before investing, Pedro sends a technical and industry expert to meet with the entrepreneur and take a close look at the technology. He also talks with potential customers to gauge the potential market size. Pedro has engaged in:

a. A private placementb. A fundamental transactionc. Due diligenced. None of these are correct

Suppose that a paving company produces paved parking spaces (q) using a fixed quantity of land (t) and variable quantities of cement (c) and labor (l). the firm is currently paving 1,000 parking spaces. the firm's cost of cement is $3 comma 600.003,600.00 per acre covered (c) and its cost of labor is $35.0035.00/hour (w). for the quantities of c and l that the firm has chosen, mp subscript upper c baseline equals 60mpc=60 and mp subscript upper l baseline equals 7mpl=7. is this firm minimizing its cost of producing parking spaces?