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A firm has a current assets of $800,000, current liabilities of $600,000. The firm uses $200,000 of its cash balance to pay off a current liabilities. Calculate the current ratio before and after this transaction.

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    A firm currently uses 50,000 workers to produce 120,000 units of output per day. The daily wage per worker is $100, and the price of the firm's output is $48. The cost of other variable inputs is $400,000 per day.

    Assume that total fixed cost equals $900,000. Calculate the values for the following four formulas:
    •Total Variable Cost = (Number of Workers x Worker's Daily Wage) + Other Variable Costs
    •Average Variable Cost = Total Variable Cost / Units of Output per Day
    •Average Total Cost = (Total Variable Cost + Total Fixed Cost) / Units of Output per Day
    •Worker Productivity = Units of Output per Day / Number of Workers

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