Tasty Inn and Out incurred the following costs related to its purchase of equipment. Cost of the equipment $ 10,000 Sales tax (7%) 700 Annual property insurance 500 Shipping 200 Initial safety testing 1,000 Total costs $ 12,400 What is the recorded cost of the equipment? Multiple Choice $10,000 $10,700 $11,900 $12,400

Suppose that a paving company produces paved parking spaces (q) using a fixed quantity of land (t) and variable quantities of cement (c) and labor (l). the firm is currently paving 1,000 parking spaces. the firm's cost of cement is $3 comma 600.003,600.00 per acre covered (c) and its cost of labor is $35.0035.00/hour (w). for the quantities of c and l that the firm has chosen, mp subscript upper c baseline equals 60mpc=60 and mp subscript upper l baseline equals 7mpl=7. is this firm minimizing its cost of producing parking spaces?