Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
1) Consider an economy described by the production function: Y = F (K, L ) = K1/2L1/2 where the depreciation rate is δ and the population growth rate is n.
a) Find the per worker production function.
b) Find the steady-state capital stock per worker as a function of the savings (s), depreciation rate (δ) and population growth rate (n)
c) Now assume the depreciation rate is 4% a year, population growth (n) is 2% a year and the savings rate is 24%. Find the steady-state level of capital per worker and the corresponding levels of output per worker and consumption per worker.
d) If the populatin growth rate were to increase what would happen to total output (Y) in the steady state? How about output per worker (y) in the steady state?
Ethical relativism is best described as what type of a theory?
Elucidate why is presidential power "conditional"-that is, why it affected so substantially by circumstance, the makeup of Congress, and popular support.
You are the manager of a small U. S. firm that sells nails in a competitive U. S. market (the nails you sell are a standardized commodity; stores view your nails as identical to those available from hundreds of other firms). Should you plan to increa..
Net income=5,000, depreciation=2,500, increase in deferred tax liabilities=500, decrease in accounts receivables=2,000, increase in inventories=9,000, decrease in accounts payable=5,000, increase in liabilities=1,000, increase in property & equipment..
Consider the following sequential game between firm 1 and firm 2. First, firm 1 decides to adopt either technology A or technology B. Firm 2 observes firm 1's decision and then also decides between technology A or technology B. Using the principle `l..
A Systems Model of Politics and Policy in Birkland, assess the strengths and weaknesses of systems models. For every weakness that you identify, recommend how policy makers can overcome the weakness.
A perfectly competitive firm will shut down immediately when the market price falls below
Assume that the firms act independently as in the Cournot model i.e., each firm assumes that the other firm's output will not change.
In the long run, the greater burden of a specific tax will usually be absorbed by
A large wood products company is negotiating a contract to sell plywood overseas. The fixed cost that can be allocated to the production of the plywood is $800,000 per month. The variable cost per thousand board feet is $155.50. For this situation, d..
Jaynet spends $25,000 per year on painting supplies and storage space. She recently received two job offers from a famous marketing firm – one offer was for $105,000 per year, and the other was for $85,000. What are her accounting profits? What are h..
Consider the consumption-savings problem in a two-period model without government. Suppose the lifetime utility function is given by U(c,c')=In(c)+bIn(c'), where 0
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd