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A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question...
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A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for y...
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- Suppose a bakery has 20 employees to be designed as bread bakers (B) and cake bakers (C), so that B+C=20.asap thanksIn ‘standing on shoulder’ effect in the production of ideas existing technology can be productive in the production of new technology just as it is in the production of final goods. True or FalseAre ‘the butcher, the brewer and the baker’ just the product of Adam Smith’s prolific imagination? Rather, are they real agents of economic history? Enumerate and discuss in detail 2 arguments?
- How would the long run total cost curve change if the price of capitalincrease? Explain your answer intuitively and graphically.There are 2 commodities X and Y. Total amount of labour required by X and Y = 400 units. Labour is made up of present labour (Pr) and past labour (P). The ratio for X Pr.P= 1:3 an for Y Pr:P-3:1. By utilising all the labour we can produce 100 units of both the commodities. It is also given that to produce 100 units of X we need uniform rate of capital accumulation for 4 years and to produce 100 units of Y we need accumulation for 2 years. The economy is divided into 2 periods. Period 1: where wages - $1 and Profits- 50%. Period 2: where wages -$ 2 and profits -10%. Show how profits and prices behave over the period of time. What is the solution given by Ricardo to remove Gluts from the society? Where will the economic progress halt?TRUE or FALSE 17. Investment in human capital is beneficial in the short run but investment in physical capital is beneficial in the long run. 18. Centralized urbanization leads to underdeveloped peripheral economies. 19. Improving hard infrastructures rather than soft infrastructures is absolutely a better choice in urbanization
- How would the long run total cost curve change if the price of capital increase? Please explain your answer intuitively and graphically. Not copy pasteReturns to scale in production: Do the following production functions exhibitincreasing, constant, or decreasing returns to scale in K and L? (Assume Ais some fxed positive number.)(a) Y = K1/2L1/2(b) Y = K2/3L2/3(c) Y = K1/3L1/2(d) Y = K + L(e) Y = K + K1/3L1/3 (f ) Y = K 1/3L2/3 + A (g) Y = K 1/3L2/3 − AQuestion 2 If the slope of the total productivity line is decreasing as output increases, what does that say about marginal productivity a. increasing b. decreasing c. constant d. cannot be deter Full explain this question and text typing work only thanks
- N6 Productivity increases when input decreases while output remains the same. true or false?Consider the production function Y=K1/2 N1/2 a. Compute output when K=37 and N=80 b. If both capital and labour double, what happens to output? c. Is this production function characterized by constant returns to scale? Explain. d. Are there decreasing returns to capital? Explain. e. Are there decreasing returns to labour? Explain. f. Write this production function as a relationship between output per worker and capital per worker. Show all your work. g. Let capital per worker be 6. What is output per worker? Now, double capital per worker to 12. Does output per worker more or less than double? h. Does the relation between output per worker and capital per worker exhibit constant returns to scale? Explain/show your workBlank 1 answer choices: no change, an increase, a decrease Blank 2 answer choices: no change in level output, more output, less output