Explain to the CEO of MBO limited a company in Ghana which wants to buy large granulated sugar from Tiffany Anderson group limited a company in Brazil. Why the LC is the most acceptable method to both the exporter and importer in a transaction such as he is about to undertake

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.