A firm that only employs labor (L) has the following production function Let the price of output is p and the price of labor (relative to output price) is w. a. Write out the profit function for this firm as a function of labor, L. b. What is the necessary first-order condition for the firm to maximize profit when L>0

Biochemical corp. requires $600,000 in financing over the next three years. the firm can borrow the funds for three years at 10.80 percent interest per year. the ceo decides to do a forecast and predicts that if she utilizes short-term financing instead, she will pay 7.50 percent interest in the first year, 12.15 percent interest in the second year, and 8.25 percent interest in the third year. assume interest is paid in full at the end of each year. a)determine the total interest cost under each plan. a) long term fixed rate: b) short term fixed rate: b) which plan is less costly? a) long term fixed rate plan b) short term variable rate plan

If an investment has 35 percent more nondiversifiable risk than the market portfolio, its beta will be:

An arithmetic progression involves the addition of the same quantity to each number.which might represent the arithmetic growth of agricultural production