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 about the expected inflation, Determine about the Expected inflat...

Determine about the Expected inflation Note that it is changes in prices during 2008 which matter for the high real interest rate (the time period when your deposit is earning

State the both -cyclical and classical unemployment, State the both -Cyclic...

State the both -Cyclical and Classical unemployment Cyclical unemployment Unemployment because of a recession. Classical unemployment Unemployment because of

Nation in which the volume of goods, Consider a nation in which the volume ...

Consider a nation in which the volume of goods and services is growing by 5 percent per year. If a country's economic size is growing faster than the rest of the world, then

Marginal cost curves, Marginal cost curves generally slope: a) downward ...

Marginal cost curves generally slope: a) downward because of decreasing opportunity cost b) upward because of decreasing opportunity cost c) downward because of increasing opp

Consumption, what is the impact of interest rate in consumption

what is the impact of interest rate in consumption

Quantitative data analysis and interpret , 1. To assess your ability to con...

1. To assess your ability to conduct quantitative data analysis and interpret the results of data analysis introduced inForecasting Trend. 2. To assess your ability to communicate

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd