Sam are currently remodeling 200 square feet each week. That is, their capital stock is fixed at the level that corresponds to the cost minimizing input combination for remodeling 200 square feet each week. And capital stock cannot be changed in short run while labor is completely variable. What is their short-runand long-run cost function?

The distinction between a normal and an inferior good is

Pam is a low-risk careful driver and fran is a high-risk aggressive driver. to reveal their driver types, an auto-insurance company a. refuses to insure high-risk drivers b. charges a higher premium to owners of newer cars than to owners of older cars c. offers policies that enable drivers to reveal their private information d. uses a pooling equilibrium e. requires drivers to categorize themselves as high-risk or low-risk on the application form

Right medical introduced a new implant that carries a five-year warranty against manufacturer’s defects. based on industry experience with similar product introductions, warranty costs are expected to approximate 2% of sales. sales were $8 million and actual warranty expenditures were $42,750 for the first year of selling the product. what amount (if any) should right report as a liability at the end of the year?