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Use the following information to answer the questions below:
(1) the rate of depreciation is 8% per year,
(2) the population growth rate is 1% per year, and
(3) the growth rate of technology is 2% per year.
a. Refer to the information above. Which of the following represents the steady state growth rate of output in this economy?
A) 1%.
B) 2%.
C) 3%.
D) 13%
b. Refer to the information above. Which of the following represents the steady state growth rate of output per worker in this economy?
Suppose a production function is given by f(K;L) = KL 2 What combination of labour and capital minimizes the cost of producing any given output?
If the local car wash changes its price for a supreme wash from $13 to $16 and the number of customers change per day from 50 to 40, what is the price elasticity of deman for this service? Is the demand for this service relatively elastic or rela..
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Measured as the long-term growth of potential GDP, how has economic growth in the United States changed over the decades since 1962? There was a slowdown in growth-when was it and what is it called?What is the difference between real GDP and nominal ..
Advanced technology digalized theEDG read out and the demand for the old style machine dropped. The drop in demand resulted in a demand resulted in a demand curve of P=3900-.15Q. What waas XYZ's optimal output and priving policy given this change in ..
Elucidate why the Aggregate Supply curve becomes increasingly steeply sloped at levels of RGDP.
Recession general consequences from academic articles or books and recession consequences from academic articles, books or UAE related official websites such as newspapers or journals
Describe the maximum and minimum amounts that can be produced
In late June the Fed lowered its federal funds rate target from 1.25 percent to 1 percent. However between mid June and early August the yield on longer term 10 year Treasury notes rose from 3.1% to over 4.3%.
if the table shows the demand faced by a monopoly company then what is that firms marginal revenues as it increases output from 100 units to 300 units.
Write an article critique on labor relations (attached) with the following guidelines and questions. There is a minimum requirement of 750 words for the article critique.
During March 2001 and March 2002, measured RGDP in the economy actually increased by about 2.5 percent, even though total employment in terms of hours worked declined through 1.8 percent and the unemployment rate increased sharply from 4.3 percent to..
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