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In an economy production is characterized by the neoclassical function =K^.5*N^.5. Suppose it has a saving rate of .1, a population growth rate of .02, and an average depreciation rate of .03. a. Write this production function in per capita form and find the steady-state values of k and y. b. At the steady-state value of k, is there more or less capital than at the golden-rule level? c. Determine what saving rate would yield the golden-rule level of capital in this model. d. In the context of this neoclassical growth model, can a country have too much saving?
Consider a couple's decision about how many children to have. Assume that over a lifetime a couple has 200,000 hours of time to either work or raise children.
Doe the company rely primarily on a customer intimacy, operational excellence, or product leadership customer value proposition. Illustrate what evidence supports your conclusion.
Consider the market for corn in the United States. Suppose that the mandated percentage of ethanol in gasoline is increased and at the same time a corn blight destroys a significant portion of the corn crop. Using a supply and demand diagram, show wh..
A 2,000 square foot house in New Jersey costs $1,725 each winter to heat with its existing oil-burning furnace. For an investment of $5,000, a natural gas furnace can be installed, and the winer heating bill is estimated to be $1,000. If the homeowne..
Create a mind map to illustrate the ways that human behavior has influenced the formation and implementation of the policy. You may complete one of the provided templates or create your own. All maps must include a minimum of 7 influential factors.
A university in a metropolitan area wishes to increase its evening-school offerings of business-related courses such as marketing, accounting, finance, and management. Who are the target market customers (students) for these courses?
the abc co. is considering a new consumer product. they believe there is a probability of 0.4 that the xyz co. will
As a professional tennis player, an individual earns $300,000 per year. If employed as a model, the next-best option, this person would earn $120,000 per year. What is this tennis player's economic rent (profit)?
Imagine a simple economy of Fredonia that uses gold as its currency (only gold, not gold backed paper). Suppose that Fredonia finds itself deeply in debt and that its creditors who all live in the country of Sylvania demand the repayment of debt in g..
q.you are thinking of investing in a field which may have commercial oil amounts. depend on the existing data of the
q.in 2009-2010 when the economy was in a deep slump the fed had taken interest rates to zero increase in money supply
In the competitive market for welding services in Tucson, assume the demand is. calculate: (i) the quantity traded; (ii) the surplus generated by that trade; (iii) the division of that surplus between buyers’ and sellers’ surplus;
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