Calculate the steady-state level of consumption per unit

Assignment Help Econometrics

Reference no: EM131209236

If the production function is given by y_t = log(k_t), n = 0:05, and d = 0:1, and savings is a fixed fraction of output, calculate the steady-state level of consumption per unit of labor. Plot the steady-state level of consumption per unit of labor as a function of s. Show that it is maximized when 1 k = 0:15.

Reference no: EM131209236

Questions Cloud

Identify factors that contributed to accounting information : Identify three to five factors that contributed to the accounting information system failure within the business that you have identified. Indicate the impact to the business. Provide support for your rationale.

Considering setting up a software development business : You are an expert at working with PCs and are considering setting up a software development business. To set up the enterprise, you anticipate that you will need to acquire computer hardware costing $ 100000 (The lifetime of this hardware is five ..

What is the amount of interest earned : In June 2010, John pays $9,800 for a one- year T-bill that can be redeemed for $10,000. - What is the amount of interest earned? What is the yield?

Classified balanced sheet for weismuller publishing : Prepare a classified balanced sheet for Weismuller Publishing Company at december 31, 2016.

Calculate the steady-state level of consumption per unit : Plot the steady-state level of consumption per unit of labor as a function of s. Show that it is maximized when 1 k = 0:15.

Define the concepts of compounding and discounting : Define the concepts of compounding and discounting. - Use future values and present values to explain how these concepts are related.

Do you believe the earth has been visited by aliens : PHYS-BIOL 3510H Assignment 1: Take an informal poll of ten people you know (friends, family, etc.) and ask them Do you believe the Earth has been visited by aliens - Do you think there is life elsewhere in the universe?

Write about stem cells and cloning : Write about stem cells and cloning and provide critical analysis of (i) the ethical issues for society, (ii) the ethical issues for a Christian healthcare professional, and (iii) whether or not a Christian should participate in such efforts, and h..

Can the solow growth model account for the persistence : Can the Solow growth model account for the persistence in income inequality across countries due to persistent difference in population growth rates? Explain and discuss.

User Account

All Pages