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!
The Golden Rule:
Consider an economy with the following production function Y = K^1/3 L^2/3
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?
Explain the difference between a person's nominal income and their real income. Why is real income more important to that person.
A licensing agreement is an arrangement whereby a licensor grants the rights to intangible property to another entity (the licensee) for a specific period, and in return, the licensor receives a royalty fee from the licensee. Remember that technologi..
q1. can someone find three articles that are relate to subaru atv all terrain vehicles co-opetition or value net? and
Describe how a developing - emerging economy can benefit from trade with a wealthy country even if it has no absolute advantages.
Illustrate what change in the economic enviJorgement led to this new equilibrium.
Small minimum efficient scale in assembly operations indicate high or low entry threat in the PC business
Compute the equilibrium level of income. Illustrate what is the level of consumption at the equilibrium level of income.
Elucidate the cost of producing an additional washing machine when 50 cars are being produced. when 150 cars are being produced.
Explain how do you calculate the cost index using the nominal GDP to get the real GDP in billions
Calculate total economic surplus under monopoly also competition. The difference is the social cost of monopoly
Suppose the dollar exchange rates of the euro and the yen are equally variable. Which currency, the euro or the yen, would you consider riskier.
Illustrate what happens to official measure of GDP when air quality improves significantly in united states but there are no effects on aggregate production or on market prices of final goods and services.
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