Dave operates a mid-sized company in the midwest. he is considering expansion and wants to know if his bank is likely to lend him additional funds. what financial statement will provide him with an indication of how much he is currently borrowing and how much of the firm's money he and other owners have contributed toward the business?

Suppose the production function in an economy is y = k0.5l0.5, where k is the amount of capital and l is the amount of labor. the economy begins with 64 units of capital and 16 units of labor. use a calculator and equations in the chapter to find a numerical answer to each of the following questions. what are the wage and the rental price of capital? the wage is equal to unit(s) of output and the rental price of capital is equal to unit(s) of output.