A Firm Estimates Its Long-Run Production Function to Be $Q = - 0.0075 K ^ { 3 } L ^ { 3 } + 12 K ^ { 2 } L ^ { 2 }$

question 25

Multiple Choice

A firm estimates its long-run production function to be $Q = - 0.0075 K ^ { 3 } L ^ { 3 } + 12 K ^ { 2 } L ^ { 2 }$ Suppose the firm employs 12 units of capital.The product curve(s) in the short-run are

• A)TP = -12.96 L³ + 1,728L².
• B)AP = -12.96 L³ + 1,728L².
• C)MP = -38.88 L² + 3,456L.
• D)both a and b
• E)both a and c

Recognize the requirements and tax implications of forming a corporation, including the tax-free exchange provision.

Acquire knowledge about the specific tax forms and schedules relevant to corporate taxation.

Understand the key concepts of Adjusted Gross Income calculations and tax implications for corporations.

Comprehend the purpose and function of Schedule M-1 in reconciling taxable income to book income.