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Question: If the per worker production function is given by y=k1/2, the population growth rate is n= .04, and the depreciation is .01.
a. The golden rule level of capital and output per worker is.
b. What is the saving rate necessary to obtain the golden rule level of output?
From the case study, propose key methods for using technology to evolve the store-based strategy mix in order to reach out to your customers and potential customers in China.
Why does GDP accounting only include the final value of goods and services produced? What would be the problem if intermediate products were included?
Make use of the tools you have gained in this course to write an essay that analyzes a piece of your own creative writing. The creative piece should be no longer than 3 pages.
Suppose that the MPS in an economy is 0.4, and the government would like to decrease aggregate demand by $50 billion. How could the government accomplish this by increasing or decreasing government expenditures? How could the government accomplish th..
Assuming that input prices do not vary with the level of output, does this production function display economies of scale? b.The firm is producing in the short run with capital fixed at 9 units. The fixed costs of the firm are $1000 in the short ru..
What is the relationship between the average variable cost and marginal cost and relation between average product and average variable cost?
Using a demand curve diagram, explain why Thomson cut its prices for Millennium holidays in November 1999.
In your opinion, what is the role of accrediting bodies? When should governments manage accreditation standards and functions and when should other entities manage accreditation standards and functions?
Explain why the incentives of a share agreement might lead a landlord to buy high-quality seeds and fertilizer for the farmer rather than leaving the decision.
the externalities of educationwrite a paper in which you1.identify and discuss three externalities positive or negative
Assume you're in charge of the toll bridge that essentially cost free. The demand for bridge crossings Q is given by P = 60 - 2Q. Draw a demand curve for bridge crossings
Thomas Malthus’s gloomy predictions for the future of humanity led ‘economies’ to be called a ‘dismal science’. Show either through the mathematics of production functions or intuitively.
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