A farmer uses L units of labor and K units of capital to produce Q units of corn using a production function F(K, L). A production plan that uses K' = L' = 10 to produce Q' units of corn where

Q' < F(10, 10) is said to be

A) technically feasible and efficient.

B) technically unfeasible and efficient.

C) technically feasible and inefficient.

D) technically unfeasible and inefficient.

E) none of the above

WHY??

Consider the country of morrow which is currently operating at full employment. suppose there is a decrease in investment

Selected transactions of the carolina company are listed below. classify each transaction as either an operating activity, an investing activity, a financing activity, or a noncash activity. 1. common stock is sold for cash above par value. 2. bonds payable are issued for cash at a discount

Suppose that two firms produce differentiated products and compete in prices. as in class, the two firms are located at two ends of a line one mile apart. consumers are evenly distributed along the line. the firms have identical marginal cost, $60. firm b produces a product with value $110 to consumers.firm a (located at 0 on the unit line) produces a higher quality product with value $120 to consumers. the cost of travel are directly related to the distance a consumer travels to purchase a good. if a consumerhas to travel a mile to purchase a good, the incur a cost of $20. if they have to travel x fraction of a mile, they incur a cost of $20x. (a) write down the expressions for how much a consumer at location d would value the products sold by firms a and b, if they set prices p_{a} and p_{b} ? (b) based on your expressions in (a), how much will be demanded from each firm if prices p_{a} and p_{b} are set? (c) what are the nash equilibrium prices?