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An economy has the per-worker production function f(k) = 10k0.4. The depreciation rate is d = 0.05 and the labor force growth rate is n = 0.01. The saving function, in aggregate form, is St = 0.3Yt . Find the steady-state capital-labor ratio, the steady-state value of output per worker, and the steady-state value of consumption per worker.
The demand for watermelons is highest during summer and lowest during winter. Yet watermelon values are normally not bigger in summer than in winter.
Illustrate what happens to the supply of new homes. What happens to the demand for new homes.
Someone prepare the claim that immigration must always be good for the economy because the increased supply of labor will result in a higher GDP.
Sam arrived on campus at the beginning of the academic year with $480 to spend on textbooks and CDs. The price of a textbook is uniformly $80 and the price of a CD is always $20. Her parents made a deal with her - after Sam spends $240 of her own ..
What are the relationships between the economic concern you selected and that specific country's economy? What trends do you see in the data sets?
Evaluate the following statement: "I am a manager in a governmental agency. I have no control over compensation policy. All workers are paid the same salary (everyone is paid according to a set schedule and their remuneration cannot be adjusted by..
The after-tax cost is 6.5%, the cost of preferred stock is 10%, cost of common equity (in the form of retained earnings) is 13.5%. Compute Global technology's weighted average cost of capital.
Describe (with appropriate figure) short run and the long run impact of immigration on native labour market when the immigrants and natives are complements.
Describe the point elasticity of demand with respect to advertisement
Explain how have these policies affected the employment rates for the housing industry.
Explain how does the economist's use of the term rent differ from everyday usage.
Consider the Bertrand model with no product differentiated in which each firm has a positive and fixed sunk cost F and zero marginal cost. What are the equilibrium prices and profits? Illustrate your result on a proper diagram.
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