An economy has a production given by y k025n075a what king

Assignment Help Econometrics

Reference no: EM13378875

An economy has a production given by Y = K^0.25*N^0.75.

a. What king of returns to scale does the production function represent?

b. Find an expression for outpur per worker

c. What are the shares of labor and capital in the total output

d. Find and expression for capital per worker at the steady state

e. Solve for the steady-state output per worker when d = 0.08 and the savings rate = 0.25

f. plot the steady state capital per worker as the savings rate goes from 0.05 to 0.50 in 0.05 increments.

g. plot the growth rate of capital per worker for part e above

Reference no: EM13378875

Questions Cloud

Traditionally the role of management accountants has : traditionally the role of management accountants has predominantly been viewed as lsquobean counters by providing

Let us say that an economy has a consumption function given : let us say that an economy has a consumption function given by c 900 0.9yd where yd is the disposable income. there

1 in the case study vandivier found his professional code : 1. in the case study vandivier found his professional code of conduct moral standards and legal standards came into

1 employees at foxconn factories described in the : 1. employees at foxconn factories described in the e-activity worked more hours than allowed under chinese labor laws.

An economy has a production given by y k025n075a what king : an economy has a production given by y k0.25n0.75.a. what king of returns to scale does the production function

Gillettes shareholders chairman and ceo james kilts : gillettes shareholders chairman and ceo james kilts indicated despite several new product launches gillettes

It is now april 2012 and your client mrs k has come to you : it is now april 2012 and your client mrs. k has come to you for tax advice. mrs. k is 60 years old is married and has

The manager of a local monopoly estimates that the : the manager of a local monopoly estimates that the elasticity of demand for its product is constant and equal to -2.

This week you will be starting work on your final project : this week you will be starting work on your final project for this module. the purpose of the final project is to apply

User Account

All Pages