Productivity is one of the most important factor in any economy. This can be as part of labor or other factors of production. Explain that how capital can enhance productivity in an economy

Q: 5. Suppose that the economy's production function is Y = √K√LA where K is capital, L is labor, and A…

A: Solow Growth Model is a concept in economics that focuses and studies long run economic growth rate…

Q: 4. Notice that the production function of this economy exhibited not diminishing returns, but rather…

A: A change in wealth due to investment is known as capital accumulation. When the wealth increases due…

Q: 2(a) In what sense is capital productive?   (b) Is interest earned?

A: 2(a) In what sense is capital productive? The amount of output divided by the volume of inputs is…

Q: When we speak of "capital" in economics we mean? a. financial instruments like stocks and bonds b.…

A: Answer: Correct option: (b) Explanation: In economics, capital is the term used for goods used to…

Q: What is productivity? Describe the factors of productivity.

A: Productivity is the ratio of output to input which are used in the process of production. It is the…

Q: Q2- Businesses use four factors of production i.e. Land, Labor, Capital and Entrepreneurship (some…

A: Pakistan has labor as the top factor of production and also Bangladesh has labor as top factor of…

Q: What is the relationship between savings, capital formation, and consumption?

A: The savings is the money that is not consumed or kept aside for the later use, the saving is the…

Q: Draw a correctly labeled graph of a productivity curve that illustrates diminishing returns to…

A: Since the question you have posted consists of multiple parts, we will answer the first three parts…

Q: Assume that you know that there are only two factors, capital and labour, and that aggregate capital…

A: Total output growth depends upon three important factors  Labour  Capital  Technological…

Q: What are the possible sources of capital

A: In an economy, there is huge differences in the activities of small businesses and large businesses…

Q: What are the possible sources of capital: Microeconomics business concept

A: Capital is defined as the financial asset, which helps in expanding the production level of the…

Q: 16 A model without population growth and technological change, show that the growth rate of…

A: Solow growth model: The Solow Growth Model can be defined as an exogenous economic growth model that…

Q: Assume that the total hours of work in Mexico are 200 in the year 2019 and the productivity is $8…

A: Given  Total hours of work in 2019 =200 Productivity =$8 Per hour worked. Total hours of work in…

Q: The COVID-19 pandemic has caused an unprecedented increase in savings in many countries around the…

A: As a negative effect of COVID -19 economies  have taken a hit on consumer sentiment which directly…

Q: Explain why the cycle of productive capital represents the constant renewal of capital-value, as…

A: Individual capital has always started its journey in monetary form. The entire movement is boosted…

Q: 1.Discuss how the factors of production lead to economic growth. Be sure to provide an example that…

A: Economic growth is defined as the process by which the economy's final goods and services rise. An…

Q: Which economist said that Capital consists of stored up labour and capital Irvin Fisher Bohm- Bawerk…

A: Answer is given below

Q: Define economic growth and explain what it means in terms of standards of living.   write neat…

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Q: 1. With the start of the campaign for presidential elections in 2020, candidates proposed a new…

A: With the presidential elections of the USA around the comer, the candidates have proposed different…

Q: Question 5: In economics, capital is referred to as a: human-made good used to produce other goods…

A: Although capital has different definitions in different contexts, considering the context of…

Q: Question 5 5.1 Suppose an economy's production function is Y = AK L'«. If the annual rate of…

A: Question 5:- Given; Production Function; Y=AKαL1-α Annual rate of economic growth= 4.5% Labor growth…

Q: 2. Describe what entrepreneurs do. 3. Define the three factors of production and the differences…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Explain why entrepreneur skills are important in our society and To our economy

A: Great skill entrepreneurs have the power to alter the manner we tend to live and work, on native and…

Q: 2. The table below shows the quantity of labor (measured in hours) and the productivity of labor…

A: Productivity of Labor = Real GDPQuantity of laborReal GDP = Productivity of Labor x Quantity of…

Q: Explain why a university degree can be treated as a form of capital.

A: Human Capital is a measure of education, skills, attributes and capacity of labour which affect the…

Q: Explain the need for technological innovations as a driver for economic development.

A: Note:  We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: Suppose an economy's real GDP is $5,000 billion. There are 125 million workers, each working an…

A: The information given in the question is as follows:- Economy's real GDP = $5000 Billion Total…

Q: Explain the opportunity cost of investing in capital. Is there any difference in the opportunity…

A: Human Capital:The term human capital refers to the people that have skill and knowledge. However,…

Q: What is the difference between the rates of return for a renewable and nonrenewable resource? How do…

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Q: n India, the availability of labor is comparatively more than the availability of capital. What…

A: The production method that should be used will depend upon the availability of capital or labor.