production function stuff, Macroeconomics

Assignment Help:

1. Given the following production function:

Y = K1/4 L3/4

Find the following:
a. Per worker production function.
b. Steady-state capital-labor ratio as a function of d and s.
c. Output per capita as a function of d and s.
d. Consumption per capita as a function of d and s.
e. Golden Rule consumption if d = 10%. (Hint: Find the s that maximizes consumption)

Related Discussions:- production function stuff

Determine the term - hot money, Determine the term - hot money A large ...

Determine the term - hot money A large 'hot money' inflow shifts the demand curve for currency to the right, leading to exchange rate rising and to an overvalued exchange rate

Define elasticity of supply, Define elasticity of supply. What factors infl...

Define elasticity of supply. What factors influence Elasticity of Supply? There is only one type of identifiable elasticity of supply measuring the responsiveness of market sup

#title. phillip curve, what does phillip curve signify? how do you reconcil...

what does phillip curve signify? how do you reconcile the difference in the shap of the curve in the short run and the long run?

Total public debt outstanding, What was the total public debt outstanding o...

What was the total public debt outstanding on the same day in 2000? What was it in 2008?

Explain about monetary base, Q. Explain about Monetary base? Monetary b...

Q. Explain about Monetary base? Monetary base is defined as the total value of all currency (coins andbanknotes) outside the central bank and commercial banks' (net) reserves w

Assignment help, Consider the economic data for Country A: Unemployment lev...

Consider the economic data for Country A: Unemployment level of 15% Natural Rate of Unemployment is 6%. Required Reserves is 25% C = 50 + 0.75Y; I = 600; G = 250 (note: T = 200 for

Data and methodology - macroeconomy analysis, In order to estimate the VAR,...

In order to estimate the VAR, I have firstly to specify the data which will be analysed. As it is my aim to observe the correlations between oil prices and key macroeconomic variab

Production possibilities table for consumer goods, To the right is a produc...

To the right is a production possibilities table for consumer goods (automobiles) and capital goods (forklifts): a. Show these data graphically. Upon what specific assumptions is t

Is household savings depend on gdp in the cross model, Q. Is Household savi...

Q. Is Household savings depend on GDP in the cross model? Household savings depends on Y since S H = Y - C - NT and C and NT both rely on Y. How it depends on Y can't be concl

For high school graduates increase the wage, Arrow up or down: An increase ...

Arrow up or down: An increase in the wage for high school graduates __________ the opportunity cost of college. A) arrow up B) Arrow down

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages