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Naddika [18.5K]
3 years ago
7

If output equals a*(5k + 2l), what is output if a equals 2,000, capital equals 10, and labor equals 100?

Business
1 answer:
AleksandrR [38]3 years ago
5 0
We know that: a = 2,000,  c = 10,  l = 100
The formula is:  a * ( 5 c + 2l )
So when we charge the values:
2,000 * ( 5 * 10 + 2 * 100 ) =
= 2,000 * ( 50 + 200 ) =
= 2,000 * 250 = 500,000
Answer: The output is 500,000.
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Tim Company had sales of $30,000, increase in accounts payable of $5,000, decrease in accounts receivable of $1,000, increase in
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