Technological improvement existed in economy

Assignment Help Business Economics
Reference no: EM133268679

Question

Assume that technological improvement existed in the economy during 1990s, holding capital per worker (K/L) constant. What will happen to the output per worker (Y/L) and the LRAS? (Hint: use the labor market and the production function to determine potential GDP)

Reference no: EM133268679

Questions Cloud

Analyze the effects of temporary decrease : analyze the effects of an temporary decrease in the US money supply on the dollar / euro exchange rate in the short run.
Describe utilization by long-term nursing home residents : Describe utilization by long-term nursing home residents under an accountable care organization (ACO). Are there policy solutions to these themes
Assume domestic supply and demand : Assume the domestic supply (Qs) and demand (Qd) for MP3 players in the United States are given by the following equations:
What value or ethical dilemma in the case study stood out : What value or ethical dilemma IN THE CASE STUDY stood out for you? Thinking about this, can you connect to an ethical dilemma
Technological improvement existed in economy : Assume that technological improvement existed in the economy during 1990s, holding capital per worker (K/L) constant.
Perform a vrin analysis on mcdonalds technology : Perform a VRIN analysis on McDonalds technology development, infrastructure, procurement and Human Resources.
Divulge all details of compensation : Are CEOs entitled to increases in compensation when their company's financial situation worsens, because their job becomes more challenging?
Perform a transaction log backup of the retailsales : Perform a transaction log backup of the RetailSales database and Create a dynamic display mask that hides the Customer Phone Numbers in the Customers
What is the importance of gerontological nurses association : What is the importance of Gerontological nurses' association? What is the importance of networking and networking opportunities in geriatric nursing

Reviews

Write a Review

Business Economics Questions & Answers

  Economies of united states and european union

The U.S / Euro exchange rate and the relationship between the economies of the United States and the European Union.

  Theoretical model to describe networking

What are the advantages and disadvantages of using a theoretical model to describe networking? Provide examples to support your thoughts.

  Overestimated or underestimated the inflation rate

In this exercise you are asked to compute the inflation rate according to the Consumer Price Index. Imagine that a country produce four goods: Apples, Oranges,

  Requirement in secondary market for gasoline falls

Illustrate that there are any extra costs or benefits due to this shift.

  Variable costs are relatively high compared to fixed costs

Firm incurs two types of costs of production: fixed costs and variable costs. Can you name an industry where the fixed costs are relatively high compared to the variable costs? Can you name another where the variable costs are relatively high compare..

  Firms labor demand and labor supply equations

A firm’s labor demand and labor supply equations are shown below. The equilibrium wage is $? and the equilibrium quantity of labor employed is ? people.

  Monopolistically competitive and perfectly competitive firms

If, in the short run, a perfectly competitive firm is producing at a point where total cost is greater than total revenue, then the firm should.

  Point estimate for the population mean annual income

A certain population of the annual incomes of unskilled laborers has a standard deviation of $1200. A random sample of 36 such incomes results in a sample mean

  Difference between positive and normative economics

What is the difference between positive and normative economics? And please give an example.

  Describe and explain the meaning of the invisible hand

Describe and explain the meaning of the “Invisible Hand”. Describe what it does, how it works and benefits.

  Monopolist demand curve and curve are separate

A monopolist demand curve and MR curve are separate. There are two different customers with two different elasticities but you still want to maximize profit (with MR=MC for each customer separately). A price discriminating defence monopolist manufact..

  Present value of the interest tax shields from debt

Suppose the marginal corporate rate is 40% and that the interest tax shields have the same risk as the loan.

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