Specifications regarding production function are assumed

Assignment Help Business Economics
Reference no: EM131084786

Suppose this year the working population is 11 million and growing at 15% per year. The current capital stock is 300 million and depreciating at 8% per year. The necessary specifications regarding the production function are assumed. How much new investment do we need in order to have next year's labor productivity be greater than this year's? a. $24,000,000 b. $75,000,000 c. $69,000,000 d. $47,000,000

Reference no: EM131084786

Questions Cloud

Write the matlab program for the decoding process : Write the MATLAB program for the decoding process.
Determine the reaction curve for each of firm : Suppose a second firm enters the market, producing the same product. The total quantity supplied in the market is now the sum of the two producers, a Cournot Duopoly. Determine the equations for each firm’s Total Revenue, TR and for each firm’s Margi..
What are the advantages and disadvantages of proposed ideas : Discussion Prompt 1. Answer the following questions in your initial thread. Based on unit lessons and readings, describe some policies that have been proposed to deal with climate change. What are the advantages and disadvantages of the proposed idea..
Identify the comparative advantage of each country : Country A can produce either 10X and 0Y or 0x and 20Y. Country B can produce either 30X and 0Y or 0X and 40Y. Identify the opportunity cost of producing each good for each country. Identify the comparative advantage of each country
Specifications regarding production function are assumed : Suppose this year the working population is 11 million and growing at 15% per year. The current capital stock is 300 million and depreciating at 8% per year. The necessary specifications regarding the production function are assumed. How much new inv..
Discuss the benefits and drawbacks of each approach : A new government (the Atreides) takes over and wants to encourage the efficient quantity of water to be sold. Describe at least three options for the new government to deal with the inefficiency created by this monopoly. Discuss the benefits and draw..
Patented its invention the day before the legal change : A legal change is proposed to extend patents from 20 years to 23 years. If passed, this will affect future patents as well as patents granted earlier (i.e. it is retroactive). If a company has just patented its invention the day before the legal chan..
Write a paper on foreign policy and the president : Write a paper on foreign policy and the president. When it comes to foreign policy, most think the president is virtually omnipotent.
Generate the run-length codes for ac coefficients : Generate the run-length codes for AC coefficients.

Reviews

Write a Review

Business Economics Questions & Answers

  At the point at which individual maximizes her utility level

An individual utility function is given by U(c,h) = c.h, where c represents consumption during a typical day and h hours of leisure enjoyed during that day. The real hourly market wage rate the individual can earn is w = $20. This individual receives..

  Comparative advantage is one of the few ideas

Nobel laureate Paul Samuelson said that comparative advantage is one of the few ideas in economics that is both "true and not obvious." Since it's not obvious, we should practice with it a bit. In each of the cases below, who has the absolute advanta..

  Explain the economic effect of tariffs

Explain the economic effect of tariffs, nontariff barriers, and various forms of trade policies adopted by national governments.

  Protect the farmers entitlement with a liability rule

Consider a rancher-farmer economy. Assume that the rancher has no choice over how many cows to raise but either the farmer or the rancher (or both) can build a fence to eliminate the crop damage of $150. However, the costs of installing the fence are..

  Net income in the operating activities category

Why is depreciation added to net income in the Operating Activities category of the statement of cash flows when the indirect method is used? Depreciation provides cash and therefore must be added to net income. Depreciation reduced the book value of..

  Why u.s. companies are having issue with exporting

Discuss the five reasons that Crooks outlines in the article and finish your post by offering your opinion of whether The Economist's viewpoint or with The Industrialist's viewpoint is more agreeable.

  Then what would be the payment

There is a loan for 5,00 dollars with interest of 8 % annually. There is another way to repay the 5,000 dollar by making 4 annual payments of 1,000. Then what would the 5th payment be?

  Monopoly that faces a demand curve described

You are the manager of a monopoly that faces a demand curve described by P = 85 - 5Q. Your costs are C = 20 + 5Q. The profit-maximizing price is

  Unemployment benefits should effect the wage accepted

In a world of job-finding and search, unemployment benefits should effect the wage accepted, but not the length of time spent searching for a job. The number of monthly separations between workers and firms is about 200,000, equal to a decent month’s..

  Evaluate the impact of public policy on economic growth

Analyze and evaluate the impact of public policy on economic growth from an ethical and global position. Be sure to be specific as to which ethical posture you are taking. See this website for information on ethical postures.

  Explain what will the total decrease in aggregate demand

Explain what will the total decrease in aggregate demand be as a result of the initial $12 billion decrease.

  Qsouth korea can produce a maximum of 600 million toaster

q.south korea can produce a maximum of 600 million toaster ovens or 900 million tons of rice per year. the u.s. can

Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd