Consider the following production function: q equals 9 LK plus 4 Upper L squared minus (one third )Upper L cubed . Given the fo
llowing expressions for the marginal productivity of each input: MP Subscript Upper L Baseline equals 9 Upper K plus 8 Upper L minus Upper L squared and MP Subscript Upper K Baseline equals 9 Upper L Assuming capital is plotted on the vertical axis and labor is plotted on the horizointal axis, determine the value of the marginal rate of technical substitution when K = 25 and L = 10. (Round your answer up to two decimal places and include the proper sign.) MRTS = nothing.
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Answer:
reported as income for all three years is $7,000
Explanation:
given data
cost of the ending inventory = $181,000
market value inventory = $160,000
to find out
Shondee Corporation must add income
solution
we get here Income per year that is
Income per year = (Value under FIFO Method - Value Under Cost Method ) ÷ Number of year ..............................1
put here value we get
Income per year =
Income per year =
Income per year = $7000
so reported as income for all three years is $7,000