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Question: Assume that a country's production function is: Y = AL^0.7*K^0.3
(a) The ratio of capital to output is 3. The growth rate of output is three percent. The depreciation rate is four percent. What is the marginal product of capital in this situation? Hint: Use calculus to differentiate the production function with respect to K.
(b) If the economy is in a steady state, what must be the savings rate? Explain.
When could a tort claim impact the employer/employee relationship? Discuss the scenario, what tort action is the basis of the claim, the parties involved?
analyze and discuss the roles of physical capital human capital technology and natural resources in influencing
Consider again an economy like the one described in except that in this case all individuals face the risk of a negative shock at the end of period 2.
Discuss the alternative concepts that can be employed when setting the discounting rate for economic analysis in the public sector.
The only deposit was 50 years ago, when Ima's grandfather deposited $2500. How much money is now in the accounting actual dollars
How Arts Funding Is Done Elsewhere When Rick van der Ploege became Holland's secretary of culture in 1998, he launched an arts-funding revolution.
In countries where the monetary system has broken dow, what are some of the alternatives to which people haveresorted to carry out exchange?
He attempts to stock whatever remains but cannot stock more than 40 units-units in excess of 40 are discarded at no additional cost and with no salvage value. How many units should the retailer order each month?
Describe some healthcare situations in which an agent has taken advantage of a principal. Now describe some healthcare transactions that have not taken place because of fears about asymmetric information. What are some strategies for reducing adve..
consider a monopolistically competitive market with n firms. each firms business opportunities are described by the
When the economy is at full employment, are all workers employed? Briefly explain.
Why have rules for monetary policy based on money growth been unsuccessful in recent years? Why don't policy makers want to adapt rules for monetary policy?
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