What is a the marginal product of capital for this economy

Assignment Help Business Economics

Reference no: EM13155328

An economy has a capital out ratio of 2, a deprecitation rate of 8%, a savings rate of 30%, and a population growth rate of 2%. Capital income is about 35% percent of output. Assume the economy has a Cobb-Douglas production and is in a steady state.

1) Calculate the technology growth rate for this economy

2) What is a the marginal product of capital for this economy

Reference no: EM13155328

Questions Cloud

How to apply a hypothesis test using chi square : Provide an example of how you could/would apply a hypothesis test using Chi Square. State the null and alternate hypotheses. You do not need to complete the entire five step process using actual numbers.

What is the composition of the mixture in mole fractions : A 6.2L sample of N2 at 738Torr is mixed (at constant temperature) with 15.2L of O2 at 325Torr. The gaseous mixture is placed in a 12.0L container. (a) What is the pressure of the mixture? (b) What is the composition of the mixture in mole fraction..

Determine the value of the standard potential : Using the equation E0cell = E0cathode - E0anode, and the reference value of E0 for Cu(II)/Cu(s) for the role that copper plays in this overall cell reaction, determine the value of the standard potential for the half-reaction Zn2+(aq) + 2e- -> Zn(..

What is the highest temperature : A cylinder with a movable piston is filled at 24oC with a gas that occupies 36.2cm3. If the maximum capacity of the cylinder is 65.2cm3, what is the highest temperature to which the cylinder can be heated at constant pressure without having the pi..

What is a the marginal product of capital for this economy : Assume the economy has a Cobb-Douglas production and is in a steady state. Calculate the technology growth rate for this economy. What is a the marginal product of capital for this economy

Rate of return built into the annuity : Your girlfriend just won the Florida lottery. She has the choice of $16,600,000 today or a 20-year annuity of $1,050,000, with the first payment coming one year from today. What rate of return is built into the annuity?

Analysis of accounts receivable aging schedule : Roskoff subsequently paid this balance. At December 31, 2009, an analysis of the accounts receivable aging schedule indicated the need for an allowance for uncollectible accounts of $14,900.

Find measure of the central tendency of the heights : Which of the numbers you calculated is a better measure of the central tendency of the heights given? Give a specific statistical reason for your conclusion.

Explain what is the volume of the capillary tube : what is the volume of the capillary tube and its associated error? What measurement must be made to a higher precision to decrease the error in the volume?

User Account

All Pages