Holding technology and human capital fixed in techland, increasing physical capital per worker from $25,000 to $100,000 would have led to a doubling of real gdp per worker, from $40,000 to $80,000 during the 1980 to 2010 period. however, not only did physical capital per worker increase from $25,000 to $100,000, but technological progress shifted the productivity curve upward so that the actual increase in real gdp per worker during the 1980 to 2010 period was from $40,000 to $320,000.according to the scenario: technological progress and productivity growth in techland, what was the growth rate of real gdp per capita in techland during the 1980 to 2010 period?

a. 2.0 percent
b. 4.5 percent
c. 6 percent
d. 17.5 percent

Speedy auto repairs uses a job-order costing system. the company’s direct materials consist of replacement parts installed in customer vehicles, and its direct labor consists of the mechanics’ hourly wages. speedy’s overhead costs include various items, such as the shop manager’s salary, depreciation of equipment, utilities, insurance, and magazine subscriptions and refreshments for the waiting room. the company applies all of its overhead costs to jobs based on direct labor-hours. at the beginning of the year, it made the following estimates: direct labor-hours required to support estimated output 20,000 fixed overhead cost $ 350,000 variable overhead cost per direct labor-hour $ 1.00 required: 1. compute the predetermined overhead rate. 2. during the year, mr. wilkes brought in his vehicle to replace his brakes, spark plugs, and tires. the following information was available with respect to his job: direct materials $ 590 direct labor cost $ 109 direct labor-hours used 6