A company is currently producing 120 chairs per day. Assume the market currently tells us that the least-cost combination of resources to produce 120 chairs is the following: Labor 12 units $10 per unit Land 6 units $20 per unit Capital 5 units $20 per unit Entrepreneurial ability 3 units $10 per unit Now assume the company sells 120 chairs at $4 per unit, and then answer the following questions: Instructions: Enter your answers as whole numbers. a. What is the company's total revenue? $ b. What is the company's total cost? $

Why are there so many types of diversion programs for juveniles

Determine the hrm’s role in the performance management process and explain how to ensure the process aligns with the organization’s strategic plan.

This problem has been solved! see the answerwhich of the following statements is correct? the consumer price index is a measure of the overall level of prices, whereas the gdp deflator is not a measure of the overall level of prices. if, in the year 2011, the consumer price index has a value of 123.50, then the inflation rate for 2011 must be 23.50 percent. compared to the gdp deflator, the consumer price index is the more common gauge of inflation. the consumer price index and the gdp deflator reflect the goods and services bought by consumers equally well.