What is the steady-state value of capital labor ratio, Cost Accounting

Assignment Help:

1. A country has the per-worker production function  yt = 6 kt 0.5 

where yt is output per worker and kt is the capital-labor ratio. The depreciation rate is 0.1 and the population growth rate is 0.1. The saving function is  St = 0.1 Yt,

where St is total national saving and Yt is total output.

(a) What is the steady-state value of capital-labor ratio?

 

 


Related Discussions:- What is the steady-state value of capital labor ratio

Cost volume profit analysis, Cost Volume Profit Analysis 1. Post Publish...

Cost Volume Profit Analysis 1. Post Publishers has collected the following data for recent months: Month                 Issues published              Total cost May

Cost and budget, #questionFrame-it Ltd is a manufacturer of metal picture f...

#questionFrame-it Ltd is a manufacturer of metal picture frames. The firm''s two product lines are designate S (small frames: 12 x18 cm) and L (large frames: 20 x 25 cm). The prima

Find the predetermined overhead rate, Forbes Company uses a predetermined o...

Forbes Company uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. At the beginning of the period, the company estimated manufac

Calculate cost of direct manufacturing labour, Dixon Corporation was establ...

Dixon Corporation was established on January 1, Year 1.  The firm has 2 divisions, Division A and Division B.  Division A manufactures standard carpets, and Division B manufactures

Accounting records - nature and purpose of cost accounting, Accounting Reco...

Accounting Records - Nature and Purpose of Cost Accounting The quantitative information employed in the management and cost accounting systems can be obtained from with two ac

Student, i asking for start up

i asking for start up

Marginal cost, contribution per unit 8 fixed cost=800.find B.E.P?

contribution per unit 8 fixed cost=800.find B.E.P?

Labour cost, labour cost related case study with solution

labour cost related case study with solution

Irrelevant cost., what is irrelevant cost and give example

what is irrelevant cost and give example

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