Labor is continuously compounded, Macroeconomics

Assignment Help:

Function given: Qt=A0Lt^6Kt^4, Lt=L0e^.03t, Kt=K0e^.02t

1. Growth of labor is continuously compounded at 3%

2. Growth of Capital is continuously compounded at 2%

Solve:

1. Derive a formula for the growth of output from year 0 to t?

2. Derive an expression for ln(Qt)

Related Discussions:- Labor is continuously compounded

Define the term- wages and income, Define the term- Wages and income R...

Define the term- Wages and income Remember that by wage we mainly mean what you receive for working one hour, whereas income is the total revenue from all sources over a longe

Unemployment rate for each country, The following Table B presents the 2010...

The following Table B presents the 2010 population, employment, and unemployment data among working age persons for several countries. a. Calculate the number of people in the lab

Oil revenue on agricultural productivity, please,how do i relate keynesian ...

please,how do i relate keynesian theories on fiscal policy to the topic"impact of oil revenue on agricultural productivity?

Profit maximizing firm, A profit maximizing firm has a production function ...

A profit maximizing firm has a production function such that: Y=K2L2 a) If P=10,rk=2,andWL=3 , what would be its optimum be? How can you show that it is a maximum? b) How

Neo-classical thinking on growth, Neo-classical thinking on growth: Neo...

Neo-classical thinking on growth: Neo-classical thinking on growth is owed to the Robert Solow whose exogenous growth models in the of the mid-20th century remained

Annualized cost of the investment, After a competitive bidding process, Fir...

After a competitive bidding process, Firm G wins a contract to collect and dispose of Firm H's hazardous waste for $1,000 per year. Firm G's labor costs are $200 per year, and beca

Var table, From estimating the aforementioned unrestricted VAR, a table of ...

From estimating the aforementioned unrestricted VAR, a table of coefficient and statistics will be produced. From this table, certain statistical information can be analysed, such

AS-AD model, evaluate the usefulness of the model in South Africa

evaluate the usefulness of the model in South Africa

Explain about quantity theory of money, Q. Explain about Quantity theory of...

Q. Explain about Quantity theory of money? One of the main elements of the classical model is quantity theory of money. Quantity theory of money connects three important variab

Engine performance in general are not adversely affected, Henry Ford's Mode...

Henry Ford's Model T was originally designed and built to be run on ethanol. Today, ethanol (190-proof alcohol) can be produced with domestic stills for about $0.75 per gallon. Whe

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages