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Assume a country is described by the basic Solow model, with a production function of y = 5k1/3. Suppose that the steady-state amount of physical capital is 31.6. Determine the physical capital depreciation rate if fraction of output invested is 10%.
Manufacturing: Sales revenue: = 360 Payments to labor: = 140 Payments to capital: = 200 Agriculture: Sales revenue: = 150
What was the salary for 1973 equivalent to in 2008 dollars if you adjusted for inflation using the CPI?
Trying to work this problem, suppose output is given by the production function Y= F (K,L) = AK ?L? what happen when you double L, leaving K fixed?
Calculate the price elasticity of demand using the arc method.
Suppose this firm is using capital and labour such that the MP Subscript Upper K is equal to 90 and the MP Subscript Upper L is equal to 180.
What are the economic stats of women in the workforce in 1940? explain yourself and make sure to cite your sources.
Decreasing returns to scale imply that. When average cost is falling, marginal cost is ____________ and when average cost is rising, marginal cost is _________________. If the price of an input changes, there will be a new expansion path. As long a..
Calculate the elasticity for each variable at that point and briefly comment on what information this gives you for each variable.
What factors do you need to consider if you expand your business regionally? Nationally? Globally? What do you need to consider in order to expand into each market? Does the nature of a business (the services provided) impact the location of the expa..
What are the consequences of not looking at various perspectives and the interests of other people involved, while making a responsible ethical decision?
When you travel to South America, you encounter countries that have a vast amount of natural resources, and very large labor forces. However, despite an abundance of these resources, you also see a lot of poverty.
You can choose an article from a current newspaper, journal or magazine, and analyze its economic content and implication.
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