Use the Solow-Swan diagram to show the impact of an increase in human capital on GDP, both in the long-run as well as in the transition to the long-run. Explain your result briefly.
Q: John is maximizing utility when consuming two goods, French fries and hot dogs. If the marginal…
A: Utility Maximization is the situation where a consumer spend his all income on goods that maximise…
Q: A firm in a perfectly competitive labor market is employing labor where the marginal revenue product…
A: "A firm in a perfectly competitive labor market hire labor upto a point where the marginal revenue…
Q: What is an appropriate role for city government in creating affordable housing in cities like…
A: The most immediate way the state government could assuage lodging cost troubles on low-pay families…
Q: Economics 2. give two curvilinear equations of three sector economy: IS, where Y = 2000 – 5000r ISz…
A:
Q: 2. Assume equations 1 and 2 below were estimated from the data gathered that will represent the…
A: Given information Qdx=65000-11.25Px+15Py-3.75I+7.5A--(1) Qsx=7500+14.25Px-15Pz-3.75C---(2) equation…
Q: Economics Supposes Monopharm wants to maximize profit, what quantity does it sell, what price does…
A:
Q: 3. The price-supply and price-demand equations of a certain product are given by p = S(x) = 15 +…
A:
Q: Given the target reserve ratios, amounts of reserves and deposits shown in the table below, complete…
A: In this case we have been given with the values of target reserve ratio, reserves and the deposits…
Q: Briefly describe how Nike failed to promote a healthy intercultural and diverse communication…
A: Cultural environment refers to human activities as well as their relationships and interactions with…
Q: Which of the following characterizes a perfectly competitive industry? Select one: a. The industry…
A:
Q: Q.2 Given the Equilibrium relative price Nation 1 Pa Pa 1 Nation 2 G' 60 PA 4 Pr 2 50 40 30 P! 20 PA…
A: Offer curve represents the country's terms of trade or reciprocal demand which snows countries…
Q: What are the characteristics of a monopoly market . Please explain in detail.
A: A market structure defined by a single vendor offering a market-exclusive product.The seller in a…
Q: The principle that explains the downward slopping behavior of the Indifference Curve is the O .…
A: Answer - Indifference Curve:- It is combination of two goods and these goods shows the…
Q: What would be the socially optimal Q* and P* (round to 1 decimal place if needed
A:
Q: Vhich functions of money could each item fulfill? nstructions: Choose an answer for each item in…
A: Medium of exchange function of money depicts that money is used for the buying and selling of goods.…
Q: Do you feel that this near zero interest was necessary one, or may not work to save declining…
A: Important Takeaways A central bank's target short-term interest rate is set at or near zero percent…
Q: The Production Function shows the relationship between O a. Input and Cost O b. Products and Cost c.…
A: The process of combination of inputs some being material and others non material for making a…
Q: What are the similarities between African and feminist Ethics.
A: similarities between African and feminist Ethics African Ethics African ethics is seen as hereditary…
Q: Autarky is a situation in which a country is economically O developed O dependent on a single firm O…
A: A country is said to be in a state of autarky if it does not engage in international trade, i.e., it…
Q: Describe some of the trade-offs faced by each of the following: d. a professor deciding how much to…
A: A trade-off occurs when one must forego a certain number of goods or services in exchange for…
Q: 19. Odette has a base monthly salary of SI,500 and earns a 5% commission on all sales she makes at…
A: Any employee in firm will be getting the basic pay. Also, many firms may provide various allowances…
Q: How much would the excess burden of this $12 tax be if the equation of the original supply curve had…
A: Excess Burden:It is the loss of economic welfare for society. It occurs due to market distortion…
Q: Your Utility function of U = |5, where I is income. You receive an income of 1600 each week from…
A: The information is:- Utility function = i0.5 income = $1600 There is 50% chance of an accident that…
Q: a) The owners of firms in the real world would generally expect (in the long run at least) to have…
A: Let's first learn about economic profit. The difference between the revenue earned by the firm and…
Q: ART A Which of the following statements is true? A. In a finitely repeated prisoner’s dilemma,…
A: Answer - "Thank you for submitting the questions.But, we are authorized to solve one question at a…
Q: True or false? Basic economic concepts can be used to understand the pricing of products.
A: Economics refers to the social science that studies the production, distribution, and consumption of…
Q: 1) Based on the graph, which of the following factors can cause the market labor supply curve for…
A: The given graph shows the quantity of labour on the horizontal axis and the wage rate on the…
Q: The demand for a monopolist’s output is 6,000/(p + 4)2, where p is the price it charges. At a price…
A: the elasticity of demand is one in which the adjustment of the quantity demanded because of an…
Q: Explain the Reinforcement Theory of Motivation and its significance to Compensation and Benefits. In…
A: The law of effect underpins the reinforcement theory of motivation, which ignores the individual's…
Q: If you invest $7,000 at 10% per year, compounded continuously, how much would it be worth in five…
A:
Q: What are the weaknesses of Alibaba Group: The Rise of a Platform Giant?
A: Alibaba Group Holding Limited, more often referred to simply as Alibaba, is a Chinese multinational…
Q: Rand's remarkable resilience inflicts pain on its doubters The rand seems to no longer follow the…
A: Exchange rate: The exchange rate of an economy is the rate at which the local currency's value is…
Q: I. What is the equilibrium quantity in this market? J. What is the price range that will result to a…
A: We have given that Qxd=65000-11.25Px+15Py-3.75I+7.5A .... (1) Qxs=7500+14.25Px-15Pz-3.75C…
Q: Assume that sales are predicted to be $3,300, the expected contribution margin is $1,155, and a net…
A: To calculate the break-even point of a organization, the annual constant value is split by the…
Q: (b) Using a diagram to help your explanation, illustrate and explain the point at which a monopolist…
A: A monopoly is a market system in which only one seller sells to a large number of customers.The…
Q: when monopolist faces a downward slope demand curve it can increase its revenue by?
A: First let's understand what characteristics we find in a monopoly market structure. The most…
Q: For each question below, draw supply and demand curves for the corn market. Show in which direction…
A: Note:- Since we can only answer up to three subparts, we'll answer first three. Please repost the…
Q: 3. A linking machine is purchased for #20,000. It is estimated to have a useful life of 10 years…
A: Sum-of-the- years-digit Method (SYD). This technique takes the asset's expected life and adds…
Q: What is the difference between the rates of return for a renewable and nonrenewable resource? How do…
A:
Q: Is it true, as many people claim, that taxes assessed on producers are passed along to consumers?…
A: Individuals must make mandatory contributions to the government, which are known as taxes. These…
Q: A natural monopolist has the total cost function C(q) = 900 + 25q, where q is its output. The…
A: Given; Total cost function; C(q)=900+25qDemand function; p=90-p According to government regulation,…
Q: f patients receive more medical care in areas with greater medical care supply (holding medical care…
A: The doctor-patient connection is critical to the practice of medicine and is essential to providing…
Q: The principle of diminishing marginal utility says that people don't enjoy consuming more of a good.…
A: We will answer the first question since the exact one was not specified. Please submit a new…
Q: escribe the prisoner's dilemma and provide an example. ( make sure your example is related to…
A: A paradox in decision analysis known as the prisoner's dilemma occurs when two people acting in…
Q: A. The value of the coupon payment. B. The rumber of parments receivedl by kolders of this security…
A: Present value (PV) is the current price of a future amount of cash or flow of coins flows given a…
Q: * 25 20 15 LRAC 10 5 10 15 20 25 30 Quantity (units per hour) Cost (dollars per unit)
A: Economies of scale occurs when LRAC decreases as quantity increases Diseconomies of scale occur when…
Q: The nominal GDP will increase by 6% when O real GDP decreases by 10% and GDP deflator increases by…
A: "Nominal GDP growth rate is computed by adding growth rate in real GDP and inflation rate (which is…
Q: Since the supply curve intersects the horizontal axis, all of the points along the supply curve…
A: The elasticity of supply measures the responsiveness of change in quantity supply to change in…
Q: Elasticity Analysis: Answer the questions and show your solutions by illustrating a graph supporting…
A:
Q: (1) Use the graph to answer the question. The graph illustrates that A-the firm's fixed costs are…
A: Dear student, you have asked multiple questions in a single post. In such a case, I will be…
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 1 images
- Per capita GDP in the long run: Suppose an economy begins in steady state.By what proportion does per capita GDP change in the long run in responseto each of the following changes?(a) Te investment rate doubles.(b) Te depreciation rate falls by 10%.(c) Te productivity level rises by 10%.(d) An earthquake destroys 75% of the capital stock.(e) A more generous immigration policy leads the population to double.Classify each of the following as a movement along or a shift of the production function and provide a justification for your choice. (1)An increase in the number of machines used in production (2) An increase in the population growth rate (3) A new technological innovationUse a Solow Model diagram to show what will happen to the country's standard of living in a steady-state if this country has a permanent increase in the rate of immigration. (Use the words and graphics to analyze the change of a long-run level of output and capital) Please do fast ASAP fast
- The aggregate production function is y=3KL. If they are 30 units of capital and 40 units of labor, what is aggregate output? What is labor productivity? What is capital productivity?Consider a standard Solow-Swan model. A permanent increase in the level of total factor productivity will lead to an increase in investment per worker in the short run and in the long run will increase investment as a share of GDP.True or False? Explain.fGive typing answer with explanation and conclusion The production function is given by Y=AK, where K is the capital stock and A denotes the level of technology and equals 1.2 (the rate of technological progress equals 0). The rate of population growth is 2% and people save 15% of their incomes. The capital stock is 12000 and consumption of fixed capital is equal to 120 (and it always represents this percentage of the capital stock). Calculate the rate of growth of output per worker.
- Suppose an economy begins in steady state. By what proportion does per capita GDP change in the long run in response to each of the following changes? (a) The investment rate doubles (b) the depreciation rate falls by 10% (c) The productivity level rises by 10% (d) an earthquake destroys 75% of the capital stock (e) A more generous immigration policy leads the population to double.In macroeconomics, the connection from inputs to outputs for the entire economy is called _______________. Question options: a) physical capital b) a production function c) human capital d) an aggregate production functionPlease no written by hand and graph Consider a small world that consists of two different countries, a developed and a developing country. In both countries, assume that the production function takes the following form: Y = F (K, LE) = K¹/4 (LE) 3/4, where Y is output, K is capital stock, L is total employment and E is labour augmenting technology. (a) Does this production function exhibit constant returns to scale in K and L? Explain. (b) Express the above production function in its intensive form (i.e., output per-effective worker y as a function of capital per effective worker k). (c) Solve for the steady-state value of y as a function of saving rate s, population growth rate n, technological progress g, and capital depreciation rate 6. (d) The developed country has a savings rate of 30% and a population growth rate of 2% per year. Meanwhile, the developing country has a savings rate of 15% and population growth rate of 5% a year. Technology evolves at the rate of 8% and 2% in…
- The COVID-19 pandemic has caused an unprecedented increase in savings in many countries around the world. In the EU, the savings rate of households has jumped from 12.5% to 17%. In 2008-2009, it had moved from 12.5% to 14% (Dossche and Zlatanos 2020). Even if the source of 2020 surge in savings is different from the one of 2008, it is obvious that this increase does not result in more investment and growth. QUESTION: 1. With reference to the paradox of thrift discuss the appropriate approach by the government to get the economy out of economic downturn swiftlyClassify each of the following as a movement along or a shift of the production function and provide a justification for your choice. An increase in the number of machines used in production, an increase in the population growth rate, a new technological innovation,the government invests in a new entrepreneurship training program, the government implements major reforms to make it easier to transact businessMany countries, including Pakistan, import substantial amounts of goods and services from other countries. However, economists claim that a country can enjoy a high standard of living only if it can produce a large quantity of goods and services itself. Can you reconcile these two facts? (Maximum 100 words). Given the production function Y= AF (L, K, H, N), explain the determinants of productivity. ( Maximum100 words). Population growth has a variety of effects on productivity. Explain this statement and justify your answer. (Maximum 200 words).
