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!
1- Consider and economy with the following production technology: Y = 9K1/3 L2/3 , where the aggregate capital stock is K=100, and aggregate labor is L=100. The price of output is 1. a) Compute the equilibrium wage and capital return. b) Compute total payments to labor and capital. c) Show Euler's Theorem holds, i.e. show that total payments to capital and labor equal the value of output. d) What share of output goes to labor and capital? e) Suppose there is an increase in L, what would be impact on wages and capital returns?
2- Consider an economy with the following production function Y = K1/3 L2/3 a) Write down the function of production per unit of labor. b) Determine the steady state level of capital, income and consumption (all per unit of labor) as a function of the savings rate and the depreciation rate. c) Suppose that the depreciation rates is 10% per year. Compute consumption per unit of labor for a savings rate of 0%, 10%, 20%, 30%, 40%, 50%, etc. What is the savings rate that maximizes consumption per unit of labor? d) Compute the net rate of return on capital in the steady state for all the savings rates of part (c). What is the relationship between the real rate of return on capital and consumption per unit of labor?
Discuss how you would use regression to help you with your task—specifically, explain how you would go about evaluating the goodness-of-fit and the predictive efficacy of your model.
Compute the elasticity of demand when the price of a deluxe cheeseburger raises $2.50 to $3.00 which causes sales to fall from 175 deluxe cheeseburgers each day to 125 deluxe cheeseburgers each day.
Explain how do acts of intellectual piracy hurt American companies.
The government decreases current taxes, while holding government spending in the present and the future constant.
These options also sell for $3 each. Strategy C is to establish a zero-cost collar by writing the January calls and buying the January puts.
Caught up in broad social and economic disaster that swept the Mediterranean basin during the twelfth century BCE, what seems to have happened to the civilization of people.
biolyses is a biotech division of alphacon pharmaceuticals. in its 8 years of survival biolyses has had only one drug
q1. consider how the components of gross domestic product gdp fit with the circular flow model. what does gdp measure?
q1. how was de beers able to control the world price of diamonds over the past several decades even though it produced
Ajax Cleaning Products is a medium-sized firm operating in an industry dominated by one very large firm Tile King.
q. define the values for following parametersa1b2c10graph f and g as a function of d over the interval 010.when you try
In 2010, 500 radios were produced and 100 computers were produced. price of radio was 100 and computer was 1,000. In 2015, 550 radios were produced and 900 computers were produced and price of radio was 150 and price of computer was 400 Compute the p..
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