Which statement is most likely correct about retirement planning? most retirees don't need to worry about inflation. your living costs will remain constant once you retire. social security will cover most of your expenses. your employer's pension combined with your social security will cover your retirement expenses. your pension may remain constant even in an inflationary environment?

Suppose the production function in an economy is y = k0.5l0.5, where k is the amount of capital and l is the amount of labor. the economy begins with 64 units of capital and 16 units of labor. use a calculator and equations in the chapter to find a numerical answer to each of the following questions. what are the wage and the rental price of capital? the wage is equal to unit(s) of output and the rental price of capital is equal to unit(s) of output.