Question a firms total expenditure e on inputs is, Ask an Expert

Finance

Question: A firm's total expenditure E on inputs is determined by the formula

E = PKK + PLL

where K is the amount of input K used, L is the amount of input L used, PK is the price per unit of K and PL is the price per unit of L. Is one unique value for E determined by any given set of values for K, L, PK and PL? Does this mean that any one particular value for E must always correspond to the same set of values for K, L, PK and PL?

View complete question

Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M92290508

Have any Question?Write your Review or question?

Related Questions in Basic Finance

1 during the year a company had sales of 800000 expenses of

1. During the year, a company had sales of $800,000 expenses of $300,000 and it declared and paid dividends of $250,000. The company began the year with retained earnings of $150,000. a. What was the company's net income ...

A project has an initial outlay of 4623 it has a single

A project has an initial outlay of $4,623. It has a single payoff at the end of year 3 of $8,869. What is the net present value (NPV) of the project if the company's cost of capital is 12.43 percent?

Friendlys shoe store has earnings before interest and taxes

Friendly's Shoe Store has earnings before interest and taxes of $20290 and net income of $10000. The tax rate is 34 percent. What is the times interest earned ratio? Round your answer to the nearest hundredth.

What are the advantages of purchasing an existing business

What are the advantages of purchasing an existing business opposed to opening a new venture?

The stock of company tyk pays dividends annually with next

The stock of company TYK pays dividends annually, with next year's dividend expected to be $1 a share. For the next seven years, dividends are expected to grow at a rate of 6% a year. Thereafter, dividends are expected t ...

Why might a firm announcing it will borrow more be taken as

Why might a firm announcing it will borrow more be taken as a good news signal?

Yrb corporation has 400 million outstanding shares yrbs

YRB Corporation has 400 million outstanding shares. YRB's expected cash distributions (per share) next year are $5.00, comprised of $3.00 of dividends and $2.00 of share repurchases. This mix of dividends to total distri ...

Assignment - based on walgreens boots alliance wba

Assignment - Based on Walgreens Boots Alliance (WBA) Pharmacy: This paper will utilize the calculations for the pro forma financial model and identify the necessary financial artifacts needed to formulate an informed mod ...

One year ago you bought common stock for 20 per share today

One year ago, you bought common stock for $20 per share. Today the stock is selling for $19 per share. During the year, you received four dividend payments, each in the amount of $0.20 per share. (a) What was your rate o ...

What factors are involved in cash flow management as they

What factors are involved in cash flow management as they relate to various payment methods and What kinds of payment terms might the business venture have with its vendor to help manage its cash flow?

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Basic Finance Expert