Country A and Country B both have the production function:
Y = F(K, L) = K^(1/3)L^(2/3)...
Business, 16.03.2020 19:24, gracekerleyy
Country A and Country B both have the production function:
Y = F(K, L) = K^(1/3)L^(2/3).
a) Does this production function have constant returns to scale? Explain.
b) What is the per-worker production function, y = f(k)
c) Assume that neither country experiences population growth or technological progress and that 20-percent of capital depreciates each year. Assume further that country A saves 10% of output each year and country B saves 30% of output each year. Using your answer from part (b) and the steady-state condition that investment equals depreciation, find the steady-state level of capital per worker for each country. Then find the stead-state levels of income per worker and consumption per worker.
d) Suppose that both countries start off with a capital stock per worker of 1. What are the levels of income per worker and consumption per worker?
Answers: 1
Business, 22.06.2019 02:30, kseniyayakimno
Luc do purchased stocks for $6,000. he paid $4,000 in cash and borrowed $2,000 from the brokerage firm. he bought 100 shares at $60.00 per share ($6,000 total). the loan has an annual interest rate of 8 percent. six months later, luc do sold the stock for $65 per share. he paid a commission of $120 and repaid the loan. his net profit was how much? pls
Answers: 3
Business, 22.06.2019 12:20, kayleewoodard
Alarge university wanted to study the relationship between completing an internship during college and students' future earning potential. prom the same graduating class, they selected a random sample of 80 students who completed an internship and 100 students who did not complete an internship and examined their salaries five years after graduation. they found that there was a statistically higher mean salary for the internship group than for the noninternship group. which of the following interpretations is the most appropriate? a. there could be a confounding variable, such as student major, that explains the difference in mean salary between the internship and no internship groups. b. we cannot infer anything from these data since the distribution of salaries is likely right skewed. c. you cannot draw any valid conclusions because the sample sizes are different. d. more students should complete internships because having an internship produces a higher salary.
Answers: 1
Mathematics, 01.01.2021 04:30
English, 01.01.2021 04:30
Business, 01.01.2021 04:40
Arts, 01.01.2021 04:40