Consider an economy with a production function given by: economy prodn fn does the production exhibit increasing, decreasing, or constant returns to scale? justify your answer by showing algebraically what happens to output if capital stock (k) and effective labor (an) increase simultaneously by 100% (i. e., double). the capital accumulation process in this economy is described by: capital accumulation 2 assume that s, d, g solve for the steady-state values of per-effective labor capital stock (k/an) and output (y/an). c. in the steady-state what will be: (i) the growth rate of output per effective labor (y/an)? (ii) the growth rate of output per worker (y/n)? (iii) the growth rate of output (y)?
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Business, 21.06.2019 19:30
Henry crouch's law office has traditionally ordered ink refills 7070 units at a time. the firm estimates that carrying cost is 4545% of the $1212 unit cost and that annual demand is about 245245 units per year. the assumptions of the basic eoq model are thought to apply. for what value of ordering cost would its action be optimal? a) for what value of ordering cost would its action be optimal? its action would be optimal given an ordering cost of $nothing per order (round your response to two decimal place
Answers: 3
Business, 22.06.2019 00:40
Guardian inc. is trying to develop an asset-financing plan. the firm has $450,000 in temporary current assets and $350,000 in permanent current assets. guardian also has $550,000 in fixed assets. assume a tax rate of 40 percent. a. construct two alternative financing plans for guardian. one of the plans should be conservative, with 70 percent of assets financed by long-term sources, and the other should be aggressive, with only 56.25 percent of assets financed by long-term sources. the current interest rate is 12 percent on long-term funds and 7 percent on short-term financing. compute the annual interest payments under each plan.
Answers: 3
Business, 22.06.2019 12:40
Alarge tank is filled to capacity with 500 gallons of pure water. brine containing 2 pounds of salt per gallon is pumped into the tank at a rate of 5 gal/min. the well-mixed solution is pumped out at the same rate. find the number a(t) of pounds of salt in the tank at time t.
Answers: 3
Consider an economy with a production function given by: economy prodn fn does the production exhib...
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