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!
Consider two competitive economies that have the same quantities of labor (L = 400) and capital (K = 400), and the same technology (A = 100). The economies of the countries are described by the following Cobb-Douglas production functions:
North Economy: Y = A L.3K.7
South Economy: Y = A L.7K.3
a. Which economy has the larger total production? Explain.
b. In which economy is the marginal product of labor larger? Explain.
c. In which economy is the real wage larger? Explain.
d. In which economy is labor's share of income larger? Explain.
Vera, a single individual, receives $18,000 of dividend income and $38,000 of interest income from tax-exempt bonds. Vera also receives Social Security benefits of $16,000. What is Vera's gross income?
Define the concept of "economic tiger." If you chose "feared," how does this impact other global economies and powers? If you chose '"tamed," how should other global powers tame them?
In the US, most workers are eligible for overtime pay if they work more than 40 hours a week. Should US laws be changed to require a shorter work week and longer vacation time?
Derive the expression for the steady state capital and output per capita from the 5 basice quations. - Suppose A = 10, α = 1/3, d = 0.1, s = 0.2, n = 10%. Compute the steady state level ofoutput and capital per capita.
Why the price of computers dropped as their power and features has have increased?
Discuss what has occurred to change the demand for, or the supply of, the good or service, and market prices of those products or services.
Which equation will you choose as a better estimation for quantity demanded? Which equation will you choose as a better estimation for elasticities?
It has been asserted that the main determinants of aggregate supply can be grouped into four: resource quantity (e.g., labor, capital, land, and entrepreneurship), resource quality or productivity, and resource price.
According to the U.S. Census Bureau, nominal income for the typical family of four in the United States was $23,618 in 1985, $34,076 in 1995, $46,326
Elaborate on three ways Ghana has improved economic conditions of the rural poor. View on YouTube: Ivory Coast's bittersweet cocoa industry (2:27 minutes). Why coca farmers are poor? How Ivory Coast government help reduce rural poverty?
What impact would the different predictions of income development, inflation rate development and tariff rate development have on the potential demand of Schmeckt Gut?
To what extent does the monopolistic competition model accurately reflect the taxi market in victoria?
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