Please no written by hand Yt = 3Kt saving rate= 0.24 depreciation ratre=0.03 but savings rate, depreciation rate, and population remain the same. (d) What is the per-worker production function, yt = f(kt)? Define yt = Yt Lt. (e) Find the equation for the evolution of capital per worker in terms of kt and kt+1
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Please no written by hand
Yt = 3Kt
saving rate= 0.24
but savings rate, depreciation rate, and population remain the same.
(d) What is the per-worker production function, yt = f(kt)? Define yt = Yt
Lt.
(e) Find the equation for the evolution of capital per worker in terms of kt
and kt+1
Step by step
Solved in 3 steps
- If K/N = 27 this year, and K/N = 30 last year, then saving is __ depreciation this year. greater than less than equal to twiceNight Shades. Incorporated, manufactures biotech sunglasses. The variable materials cost is $12.14 per unit, and the variable labor cost is $6.89 per unit. a. What is the variable cost per unit? b. Suppose the company incurs fixed costs of $845,000 during a year in which total production is 210,000 units. What are the total costs for the year? c. If the selling price is $49.99 per unit, does the company break even on a cash basis? If depreciation is $450.000 per year, what is the accounting break-even point? Pls don't copy answeri will 10 upvotes urgent. Which of the following statement correctly describes 'depreciation' ? (a) It is a monthly allowance for wear and tear of a capital good. (b) It is based on the demand and supply of consumer goods in market. (c) It is calculated as the cost of good divided by number of years of its useful life. (d) It accounts for sudden destruction of capital caused due to natural calamities.
- . You wish to determine the dynamically efficient rate of extraction of a non-renewable resource of two time periods, t1and t2. The demand function for the resource is known to remain constant over time, and is given by the inverse demand function: Pt = 700 – 0.25*Xt Marginal extraction costs for the resource are constant at 200 (MEC = 200). All of your work (equations, calculations, etc.) must be shown. In addition, you must draw graphs to help you illustrate and explain your solution. You will receive full credit only if you fully explain and illustrate your answers. a) The total available stock, S, is 2500 units and the discount rate is r = 0.05 (5%). What are the dynamically efficient quantities of resource extraction in the two periods? Please call these extraction rates x1 and x2. Also, determine the market price for the resource in each period, P1 and P2. Next, determine the marginal user cost in each period. Finally estimate total welfare (CS and PS) for the…i will 10 upvotes do not use chatgpt urgent Which of the following statement correctly describes 'depreciation' ? (a) It is a monthly allowance for wear and tear of a capital good. (b) It is based on the demand and supply of consumer goods in market. (c) It is calculated as the cost of good divided by number of years of its useful life. (d) It accounts for sudden destruction of capital caused due to natural calamities.Q5) A firm is planning to manufacture a new product. The sales department estimates that the quantity that can be sold depends on the selling price. As the selling price is increased, the quantity that can be sold decreases. Numerically they estimate: P = $35.00 - 0.02Q where P =selling price per unit Q = quantity sold per year On the other hand, the management estimates that the average cost of manufacturing and selling the product will decrease as the quantity sold increases. They estimate C = $4.00Q + $8000 where C = cost to produce and sell Q per year The firm's management wishes to produce and sell the product at the rate that will maximize profit, that is, where income minus cost will be a maximum. What quantity should the decision makers plan to produce and sell each year?
- The term which denotes decrease in the value of a resource due to economic downturns or wear and tear is called ____. a. Deformation b. Degradation c. Demarcation d. DepreciationDefine the term the economic evaluation of investment projects?If the depreciation rate increases from 5% to 10%, it will ___ in the long run. decrease the level of output increase the growth rate of output decrease the growth rate of output not change the level of output