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!
In the United States, the capital share of GDP is about 3 percent, the average growth in output is about 3 percent per year, the depreciation rate is about 4 percent per year, and the capital-output ratio is about 2.5. Suppose that the production function is Cobb-Douglas, so that the capital share in output is constant, and that the United States has been in a steady state.
a. What must the saving rate be in the initial steady state?
b. What is the marginal product of capital in the initial steady state?
c. Suppose that public policy raises the saving rate so that the economy reaches the Golden Rule level of capital. What will the marginal product of capital be at the Golden Rule steady state? Compare the marginal product at the Golden Rule steady state to the marginal productin the initial steady state. Explain.
d. What will the capital-output ratio be at the Golden Rule steady state?
e. What must the saving rate be to reach the Golden Rule steady state?
A needy family of a mother and three children currently receives cash benefits that average $12 per day. The mother of this family is allowed to earn an average of $4 per day before her benefits begin to decline. After that, for each dollar earned..
Answer the next three questions on the basis of the following production possibilies data for Francia and Galacia. All data are in tons.
Illustrate what are three key macro-economic indicators that you could use to assess conditions that apply to your reference organization.
How much will this consumer be willing to pay for the product if the firm offering the reliable product includes warranty that will protect the consumer? Explain.
What fiscal policies do you think caused the crisis and what were the effects of the fiscal policies implemented in reaction to the crisis?
Illustrate what is the size of the labor force. What is the official unemployment rate.
Arrow now sells 100,000 silk shirts at $100 each. The material per shirt expense $40 and labor costs are $50 a shirt. The company has $1.2m. In fixed costs.
In 1990s, Chrysler Company placed nearly all decisions about the development of a new vehicle in the hands of a single, cross functional product team.
Economists also businesses almost always compare costs and benefits in their decision making.
Elucidate whether the following statements are true, false, or uncertain. Utilize specific models to support your answer where possible. .
Assume that the total cost function for a single firm in a purely competitive industry is given by following equation:
Is it not ethical to use employee as a puppet to make money with out their consent? What are your thoughts on Adam Smith's principle of the Invisible Hand?
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