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1. In the sources-of-growth equation, suppose that capital is growing at 9% and labor is growing at 3% and there is no growth in total factor productivity. If the capital share is 1/3 and the labor share is 2/3, how fast is total output growing?
2. In the sources-of-growth equation, suppose that capital is growing at 6% and labor is growing at 3% and total factor productivity is growing at 2%. If the capital share is 1/3 and the labor share is 2/3, how fast is total output growing?
3. In the sources-of-growth equation, suppose capital is growing at 12%, labor is not growing at all, and total output is growing at 7%. If the capital share is 1/3 and the labor share in 2/3, what is the rate of growth of total factor productivity?
After college, you worked for an advertising agency creating television commercials for a brand of home living room furniture. Now you've moved to the advertising department of a company that markets furniture designed for hotels and offices. Which o..
The USPS operates a network of more than 31,000 post offices. The majority of these post offices do not generate revenues sufficiently high in relation to costs to justify keeping them in operation. If the USPS were truly a private firm, many of thes..
Elucidate how a 20% decline in the cost of business travel would impact this company's budget if the price of business travel was initially $1,000 per trip and the price of electronic media was $500 per hour.
Using the figures above, answer the following questions: a. On the Demand panel: ¦ Show an increase in demand and label it D1.
Estimate the cost of expanding a planned new clinic by 20,000 ft2. The appropriate capacity exponent is 0.66, and the budget estimate for 200,000 ft2 was $15 mi
Also, in deciding whether to drive from New York to Pittsburgh(about 1,000 miles round trip) to visit a friend, which costs would you consider and why?
Netflix has been disruptive to more than one market. Select the market in which you think it has been least disruptive.
Plot (using a spreadsheet or other graphical tool) the following scenarios for per-capita GDP on a ratio scale. Assume that per capita GDP in the year 2000 is $10,000. Use the Rule of 70 to estimate the value of per capita GDP on the graph for the ye..
Select from one of the three topics provided and write a topic paper based on the criteria provided below. Each student may select a topic of his or her own choosing, but the topic must be pre-approved by the course instructor. Each topic paper sho..
How do adjustments in domestic interest rates help affect international investment flows? Are such adjustments effective in the long-run? Explain and cite your work (and replies).?
Consider a monoply that faces a market deman function D(p)=100-p, where p is the price that the monoply changes and q is the quantity. The monopoly has MC=q. Suppose the monoply can do project 1st degree price discrimnation. What is the maximal profi..
Mary has two possible career paths. She can become either a biologist or a concert pianist. Mary lives for 2 periods. In the first period she gets the appropriate education for her career. In the second period, she works in the labor market. Suppose ..
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