Consider the following statement about the Solow model, y = Ak , and parameters 0 < a <1,0< y< 1, and 0 < 8 < 1: If the productivity parameter doubles in size, then long-run output per capita will also double in size. Show that this statement is false.
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A:
Q: :This part considers a modified version of the Solow growth model. Suppose the production function…
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A: δ = 0.0175I = 0.0192KY = 0.384K K = level of capital Y = level of output δ = rate of depreciation
Q: Use the Solow model below to answer the question. K₂ K3 Y = Af(K,H) - dk K Suppose that Y₁ is 1,436,…
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A: The steady-state depends on savings rate, depreciation rate, population growth rate in the economy.
Q: Use the Solow model below to answer the question. Y3 Y₂ K₁ K₂ K3 Y = Af (K,H) dk SY K
A: *Hi there , as you have posted multiple question we will only solve the first one following our…
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Q: Consider the following numerical example of the Solow Growth Model: s=0.25 z=1 F(K,N)=K0.3N0.7…
A: Introduction Y = K0.3 N0.7 Here it has given that capital per worker is 1 and n is 0. So income will…
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A: Total factor productivity is considered to be one of the primary indicators of competitiveness.
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- What would each scenario be following the lemiux model? Do 10. 8. 6Consider a model of revolutions. Society is made up of N > 1 people. Simultaneously, each person chooses whether or not to participate. If n people participate, the probability the revolution succeeds is n/N. If the revolution succeeds, each member of society receives the benefits of a public good worth B. In addition, each person who participated in the revolution receives a benefit R if the revolution succeeds. (This extra benefit called a club good, might represent special access to government jobs for people who helped unseat the government once the new government is formed, or it might just represent an expressive benefit of participating in a victorious revolution.) The cost of participating is c > 0. Assume that R > cand that B + R < N × c. a. Suppose a player believes n other people will participate. What is her expected utility from participating? b. Suppose a player believes n other people will participate. What is her expected utility from not participating? (c)…Consider a model of revolutions. Society is made up of N > 1 people. Simultaneously, each person chooses whether or not to participate. If n people participate, the probability the revolution succeeds is n/N. If the revolution succeeds, each member of society receives the benefits of a public good worth B. In addition, each person who participated in the revolution receives a benefit R if the revolution succeeds. (This extra benefit called a club good, might represent special access to government jobs for people who helped unseat the government once the new government is formed, or it might just represent an expressive benefit of participating in a victorious revolution.) The cost of participating is c > 0. Assume that R > c and that B + R < N × c. (a) Write down a player’s best response correspondence. (b) Identify all of the pure strategy Nash equilibria of this game. (c) Calculate the utilitarian payoff associated with each equilibrium. (d) Does this game…
- Suppose the market demand curve for a non-renewable resource is given by: Q=2000-40P. Consider a finite-period model. Which of the following are true? Suppose the marginal cost of extraction is constantly at 40. Suppose the risk-free interest rate is 10% Select all correct answers. a. When there is plenty of this resource, the marginal user cost can be zero in all periods on the optimal extraction path. b. If marginal user cost is 2 in a given period on the optimal path, the marginal user cost should be 2.2 in the previous period c. The dynamically efficient extraction quantity is 400 per period until the resource is exhausted. d. When 200 units are exhausted in a given period, the marginal user cost is 5.What would each scenario be following the model. Answer 4-6!!Finding a solution to this problem is hard because I’m not exactly sure how to generalize the cournot model. Could I have help please.
- Please do not rely too much on chatgpt, because its answer may be wrong. Please consider it carefully and give your own answer. You can borrow ideas from gpt, but please do not believe its answer.Very very grateful!Please do not rely too much on chatgpt, because its answer may be wrong. Please consider it carefully and give your own answer.You can borrowideas from gpt, but please do not believe its answer.Very very grateful!MODIFIED TRUE OR FALSE Harrod- Domar Model emphasizes the need to have increasing capital output-ratio.Identify the false statement. a. The productivity increases in manufacturing sector in the USA during the industrial era can be attributed to automation, technology advances, and business process reengineering (BPR). b. In a single-queue, single-server queuing system, if the value of Mu (µ) exceeds the value of lambda (λ), then no queue will form. c. For a single-queue, single-server queuing system, the value of lambda (λ) may exceed that of Mu (µ). d. The SERVQUAL model can be used to assess customer satisfaction based on service quality gaps.
- The ongoing COVID-19 pandemic has disrupted both the education and health system in most, if not all, nations in the world. The scarring effects of the pandemic are predicted to be long-lasting, some of which are the fear of learning-loss and lower future earnings for the current students. Provide evidence(s) that support and/or contradict this statement! If such scarring is expected to occur, would the scarring effects would be worse for the developing countries than the developed ones, and whether the effects would be worse for certain groups such as the poor, women, children, etc.!QUESTION 6 Which one of the following statements about the modified Stackleberg model is correct? A. None of the other statements is correct. B. Entry accomodation is always more profitable than entry deterrence. C. Whether entry deterrence is more profitable than entry accomodation can depend on the size of the fixed cost. D. Entry deterrence is always more profitable than entry accomodation.Explain the Mundell fleming model with assumptions also what are the imlication of this model