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1. Consider an economy whose production can be characterized by the following production function: Yt = 2K^5 N^5
Suppose that individuals in this economy invest 30% (use .30 in the graph) of what they produce; the labor force in this economy grows at 5% (use .05) per year; and 10% (use .1) of the capital stock wears out each year.
a. Write the production function in per worker terms. Draw a graph of this production function. Introduce a curve that shows the level of investment in the economy for each value of k. Add a segment that shows the required rate of investment for a steady state capital labor ratio. What is the slope of this last line? Show the steady state equilibrium points. Label carefully.
Please be thorough in your analysis and provide relative subject matter from this course in detailing how the external, environmental, and internal organizational factors impact the structure and design of the organization. Conclude your report with ..
The following questions refer to the following graph of a consumer's indifference curve. What is the consumer's marginal rate of substitution between points A and C? What is the consumer's marginal rate of substitution between points C and B?
A computer is purchased for P=$86,919, has a service life of n=7 years, and a salvage value of $5,000. At an interest rate of 15%, determine the capital recovery amount for this project.
How can BIS Corporation validate model. What is impact of aggregating customers and products on model accuracy.
q1. you want to buy a car that costs 24999. you have 3000 to pay upfront as a down-payment as well as you are
Elucidate the evidence that supports these recommendations and how your recommendations might need to be modified for the alternative economic futures
If television sets are sold in a perfectly competitive market, calculate the annual number sold. Under what consiquences will the market equilibrium be efficient.
While you were visiting London, you purchased a Jaguar for £35,000, payable in three months. You have enough cash at your bank in New York City, which pays 0.35 percent interest per month, compounding monthly, to pay for the car.
Capital, K, has a price of $16 perunit and labor, L, has a price of $8 per-unit. In the short-run capital is fixed at 8 units. Find the choice for labor necessary to produce 40 units of output at minimum cost.
Diminishing marginal returns begins with which employee? Suppose a pot sells for $20 each. What is the marginal revenue product of labor of the second worker? If wages are $50 per day and pots sell for $20 each, how many potters will the firm hire?
The Townsville City Council is considering a proposal by the mayor to construct a recreational facility at a cost of $1.0 million. The facility is expected to have a useful life of 30 years during which operating costs are expected to average $100,00..
For both options, your interest rate is 6% compunded monthly. If the car has a value of S after the 36 months period, what is the value of S that would make both options A and B economically equivalent?
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