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 real rate of return on investment, A) Suppose Jean Splicer, a...

A) Suppose Jean Splicer, an investor, buys $300,000 of shares of stock in a diversified bundle of Bio-tech firms and exactly one year later sells those shares for $315,000. Assume

What is investment demand, Q. What is Investment demand? Investment de...

Q. What is Investment demand? Investment demand Investment I(r) is assumed to be negatively related to the real interest rate r Total dema

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

Grocery store buys milk, Suppose that a grocery store buys milk for $2.10 a...

Suppose that a grocery store buys milk for $2.10 and sells it for $2.60. If the milk gets old then the grocery store can sell their unsold milk back to their wholesaler for $0.60 (

Price of beer to increase by 10 percent, A recent article estimated that th...

A recent article estimated that the elasticity of the rate of gonorrhea with respect to the price of beer is about 0.8. If this estimate is correct, are unprotected sex and beer su

Cost reduction, Cost Reduction Positive measures to effect a lowering o...

Cost Reduction Positive measures to effect a lowering of costs include: reducing national insurance contributions (an ad valorem tax on employing labor);

Calculate rental price of capital, Let the real interest rate, i r , equal ...

Let the real interest rate, i r , equal 5 percent and the rate of depreciation, d, equal 10 percent. In this case, if the price of a piece of capital is P K = $10,000, what is th

Important points about the classic model, Q. Important points about the cla...

Q. Important points about the classic model? The most important points about the classic model are as following: Monetary and fiscal policy can't affect the GDP or unem

Advantage and disadvantage of outsourcing, What are the pros and cons of ou...

What are the pros and cons of outsourcing in order to keep prices down?

Two-way anova., A scientist has been studying the organisms colonising the ...

A scientist has been studying the organisms colonising the pilings underneath a wharf in Sydney Harbour. He postulates two factors might make these communities of sponges, worms, a

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages