Reference no: EM131536665
1. In an economy with production function Y = 1.5 ×K^0.3*L^0.7, K = 343, and L = 512. If factor markets are in equilibrium, then the rental price of capital is (approximately) __0.6______, and the real wage is (approximately) ___0.9_____.
2. An economy's total labor income is $2 trillion, and total capital income is $1 trillion. In the Cobb-Douglas production function, the exponent on capital is ___1/3_____.
3. In a steady-state economy with no population growth, output per worker is 33, the saving rate is 20 percent, and the depreciation rate is 11 percent. The level of capital per worker is __60______.
4. In a steady-state economy with 4 percent population growth, capital per worker is 90, the saving rate is 25 percent, and the depreciation rate is 11 percent. The level of output per worker is ___54 or 38 or 195_____.
5. If output per worker in a steady state is $30,000, depreciation is 13%, the population growth rate is two percent, and the saving rate is 20%, what is the steady state capital-labor ratio? $40000
6. Output per worker is 50, the saving rate is 15 percent, the population is growing at one percent, depreciation is 9 percent, and the capital-labor ratio is 80. What happens to the capital labor raiot? (Increase or decrease) Increasing.
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Record these transactions in the books of the company
: On 1st January, 1960, Cabinet Construction Ltd. offered 100,000 £1 Ordinary Shares to the public at a price of 25/-. The amount per share was payable.
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If the labor market is perfectly competitive
: If the labor market is perfectly competitive and the market wage is $20, what are the total opportunity costs of taking on this project?
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What you have attempted to achieve by means of your essay
: End your argumentative essay with a paragraph of closing remarks. Provide some reflections of what you have attempted to achieve by means of your essay.
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Develop a risk mitigation plan
: Develop a risk mitigation plan to address the previously identified risks associated with the introduction of the new product
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What happens to the capital labor raiot
: What happens to the capital labor raiot? (Increase or decrease) Increasing.
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Show the ledger accounts closing the firms books
: The Rotar Company Limited was formed to purchase the business of Roberts and Taring, who share profits, two-thirds and one-third respectively.
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The balance of the consideration being payable in cash
: Enterprise Ltd. agreed to purchase as at 30th June, 1959, the business of Day and Night whose Balance Sheet at that date was summarised as follows.
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Describe the problem your innovation targets
: Describe the problem your innovation targets. What is the scope of the problem and which stakeholders, both within the organization and without, does it impact?
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What to the slave is the fourth of july
: "What to the Slave is the Fourth of July?" What logic does he use to make his point? His speech contains a lot of emotion, including anger
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