Q: . If output is described by the production function Y = AK0.2L0.8, then the production function has:…
A: This is the cobb Douglas production function - In order to depict the technological link between…
Q: Using the relocation transition curve to analyse in essay format: the stages you have experienced…
A: Stage 1 - The excitement - It was a dream came true when i got placed as a financial analyst at…
Q: f(k) (п + d) s'y sy k" Capital per head
A: Steady state is the situation where growth of population , Growth of income and growth of capital…
Q: If the marginal product of capital is lower than the cost of capital, then a. the value of q is…
A: The increase in total production when there is an additional labor unit being added and all other…
Q: Why can the Sunk costs-past costs not be changed by any future investment?
A: Sunk costs are those costs which cannot be recovered after paying.
Q: QI (True or False) In an economy with technological progress, the saving rate is irrelevant in the…
A: In the steady state even though capital and output growth rate is not dependent on saving rate , but…
Q: Some studies have found that saving is not very sensitive to the rate of return on saving. a.true…
A: Saving is a part of money income that is saved. Saving = disposable income - consumption
Q: In india the credit for LPG model is given to a) Narendra modi b) Atal bihari C) Manmohan…
A: LPG stands for L = Liberalization P = Privitization G = Globalisation
Q: State the relationship between the LAC curve and the LMC in economics!
A: According to the given question LMC curve stand for long run marginal cost curve is that type of the…
Q: Given the equation of Q = min(4K,8L), how much output is produced when 2units of labor and 5 units…
A: Given: Q=min(4K,8L) Labor=2 units Capital=5 units
Q: The aggregate production function exhibits diminishing constant increasing negative returns to…
A: Aggregate production function shows the relationship between the total physical productivity depend…
Q: Consider the two-period Neoclassical growth model seen in class. Suppose that income is measured in…
A: Given information 2 period consumption model U=log(C) Income in period 1=$50000 Income in period 2 =…
Q: Movement of Labor and Capital Between Countries In the short-run specific-factors model, consider a…
A: GIVEN Movement of Labor and Capital Between Countries In the short-run specific-factors model,…
Q: Describe nonsimple investment?
A: Non simple investment is a type of investment where more than one sign change occurs in the net cash…
Q: Calculate business investment for the following data: Y = 55,000 C = 40,000 G= 5,000 NX= - 2000…
A: Aggregate expenditure is the sum of consumption, investment, government spending, and net exports.…
Q: Which macroeconomic indicators make a projection in a project decision
A: Macroeconomics indicators are the static data that reflect the economic condition in near future.…
Q: You are given the following information about an economy. Y = C + I Y = F(K, L) The aggregate…
A: Production function shows the relationship between the input and output of the production.
Q: Illustrate the Process of Computing the NPW?
A: The NPW is the Net Present Worth is the present value of a series of payments or stream of payments.…
Q: Using the NPV as key indicator for the success of a major organisational change project in a company…
A: The total of the Present Values of all future Cash Inflows minus the sum of the Present Values of…
Q: 58. The IC curve approach assumes
A: The answer is given below
Q: Hello can you help me to answer the statement with it depends: - Human capital is a predictor of…
A: HRM practices are activities within an organization aimed at managing a talent pool and assuring…
Q: Suppose you are given the aggregate production function for an economy and the amount of available…
A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: What is short-term momentum? What are long-term reversals?
A: The term ‘momentum’ indicates the speed or velocity of a factor. In stock market, the momentum…
Q: Which of the following is an example of technology as the responsible determinant of productivity in…
A: Productivity of labor is the output that is obtained by per unit use of labor. Every nation focused…
Q: 2. If we assume a Cobb-Douglas production function where the share of labour is and the share of…
A: Q2. Given: Cobb Douglas Production Function : Y=AK38L58 Share of capital is 3/8 Share of labor is…
Q: What is the value of autonomous consumption?
A: Consumption function: C = c + MPC * Y Where C is consumption c is autonomous consumption. It is the…
Q: Assume that we have a Cobb-Douglas type aggregate production function in the form: Y = Ka.Lb a.…
A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…
Q: what is the steady state of equilibrium for capital labor (K) if the national savings rate is 0.14…
A: We know that at the equilibrium , Savings = Investment steady state of equilibrium for…
Q: Which of the four costs relevant to aggregate production planning is the most difi cult to…
A: There are four costs which are related to the aggregate production planning. These can be described…
Q: When does the optimal investment schedule shift?
A: The ideal hazardous investment mix is regardless of wealth, non-capital income, age, and eagerness…
Q: What is the difference between short-run and long-run in economics?
A: The long-run and the short-run time period is different for different industries. Such as, for a…
Q: When do we reach equilibrium output?
A: Demand can be defined as the quantity of a good that the customers are able and willing to buy at a…
Q: If AD=$1,000 + 0.75YD, and the current level of output is $5,000, then the value of AD =
A: Aggregate demand is an economic measurement of the total amount of demand for all finished goods and…
Q: If an economy described by the production functionY= K has 30% of output invested in new capital and…
A: At steady state capital remain constant, that is rate of change in capital stock is zero. This…
Q: What is one way society can financially incentivize innovation?. What school of thought believes…
A: The society or the government provides several ways in which they incentive the innovation in an…
Q: Explain why the AVC curve is "U shaped"?
A: Step-1 Marginal Cost(MC) is the increment in the total cost(TC) due to a unit increment in the…
Q: Consider now the two-period model in general equilibrium, so that prices, investment and labour…
A: TFP (Total Factor Production): The ratio of aggregate output (e.g., GDP) to aggregate inputs is…
Q: What is an aggregate production function? A change in what factor or factors cause a movement along…
A: Production is the process of merging numerous material and immaterial inputs (plans, know-how) to…
Q: Suppose the economy's production function is Y = AK0.3N0.7. If K = 2000, N = 100 and A=1 then Y =…
A: When the value of K = 2000 , N = 100 and A = 1, then the value of Y = 246
Q: In which ways the product-cycle model inconsistent with the Heckscher-Ohlin model? In which ways are…
A: Answer: A product life cycle is the period of time between when a product is first introduced to…
Q: At some point, if all factors of production are being used, it becomes impossible to generate…
A:
What does a positive NPW mean?
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 6 images
- Hello I need help to find the answer for my econ 101 hw for a question as follows: Assume that the production function for a country is given by ?=√K and annual investment is given by the function ?=?×? where γ=0.270, and that the yearly depreciation rate is 4.50%. Suppose that this year, the output in the country is 1, and a neighbor country's output is 50% higher. Calculate the time it would take for the country's output to catch up with its neighbor's output. Assume the neighbor country's economy is neither growing nor shrinking. I will be also attaching the original problem for your reference as I just need to find the time that it would take the country's output to catch up with its neighbor's output. Thank You and please refer to the image to further assist with the question that I want answered.Why is it important to keep potential output (Yn) steadily increasing over time?When do we reach equilibrium output?
- i am having trouble with this macro econ question 1State the relationship between the LAC curve and the LMC in economics!Refer to the figure above. The country of Kemper is on its aggregate production function at point W in the above figure. If the population increases with no change in capital or technology, what will happen to the economy? Explain your answer.