If the per-worker production function is given by y = k2, the saving rate (s) is...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
If the per-worker production function is given by y = k¹2, the saving rate (s) is 0.2, and the depreciation rate is 0.1, then the steady-state ratio of capital to labor is: A) 9. B) 4. C) 1. D) 2. If the per-worker production function is given by y = k¹2, the saving rate (s) is 0.2, and the depreciation rate is 0.1, then the steady-state ratio of capital to labor is: A) 9. B) 4. C) 1. D) 2.
Expert Answer:
Related Book For
Posted Date:
Students also viewed these economics questions
-
Bobek Inc. has recently reported steadily increasing income. The company reported income of $20,000 in 2011, $25,000 in 2012, and $30,000 in 2013. A number of market analysts have recommended that...
-
As part of your answer to problem 2, you computed the price of the bond [column (4)]. This is the same as the PV of cash flows in column (4). a. Recompute the price of a bond based on a 11 percent...
-
Consider two individuals, a rich individual and a poor individual) and two types of goods: public goods and private goods. a) Explain the effects of proportional taxation assuming that the income...
-
1. Suppose that a stoichiometric mixture of isooctane (C8H18) and air is burned in an engine and then the fuel is changed to 10% (by liquid volume) ethanol and 90% by liquid volume isooctane. If the...
-
Esta Company, an IFRS reporter, has opted to revalue land. The land originally cost 2,000,000 on January 1. At the end of the year, the land is appraised at 1,800,000. Determine the amount of gain...
-
Fabric Wholesalers Ltd operates three departments. The accessories department has not been performing very well and has shown a loss for the past 3 years according to the companys income statement....
-
Journalize the following transactions for Amazing Audio, Inc., that occurred during the month of November. Amazing Audios cost of inventory is 65% of the sales price. Nov 3 Sold $1,600 of merchandise...
-
Refer to Problem 8.3. If the final destination is New Delhi, India, and there is a 30% import tax, which firm should you choose? In Problem 8.3, you have been asked to analyze the bids for 200...
-
Lukow Products is investigating the purchase of automated equipment that will save $110,000 each year in direct labor and inventory carrying costs. This equipment costs $700,000 and is expected to...
-
In this exercise you will be assuming the role of an Account Manager working within our Personal Care Appliances category during Amazon Black Friday. You act as a general manager responsible for...
-
The evaluation process of an auditor involves 4 main steps. Lists the various evaluation methods that can be applied and documented for auditors
-
After liquidating noncash assets and paying creditors, account balances in the Pharoah Co. are Cash $18,100; A, Capital (Cr.) $8,500; B, Capital (Cr.) $6,400; and C, Capital (Cr.) $3,200. The...
-
The downward distance d that an object falls in a time interval t if starting at rest is dat. On the Moon, a rock falls 10.0 m in 3.50 s. What time interval t is needed for it to fall 15.0 m,...
-
Kiwidale Dairy is considering purchasing a new ice-cream maker. Two models, Smoothie and Creamy, are available and their information is given below. Answer parts (a) and (b) below. First cost Service...
-
You decide to open a pizza parlor. The ingredients require that you charge $4.50 for a 7.0-in.-diameter pizza. How large should you make a pizza whose price is $10.00, assuming the cost is based...
-
Organize an easter event, Reflect and describe an example of when you sought to share and seek information with colleagues or a supervisor. How did this help to maximize cooperation? How did this...
-
give the Definitions/description of the following specialization structural engineering geotechnical engineering construction engineering transportation engineering water resources engineering
-
Provide an example of an aggressive accounting practice. Why is this practice aggressive?
-
On January 1, 2012, Hampton, Inc. issues $3 million of 5-year, 10% bonds with interest payable on July 1 and January 1. Hampton prepares financial statements on December 31 and amortizes any discount...
-
A company with 2,000,000 outstanding shares of stock declared a $0.10 per share dividend on July 10. The dividend is payable on July 31 to stockholders of record on July 17. Required Prepare the...
-
Do accounting transactions have to affect both sides of the fundamental accounting equation? Explain.
-
The equations of motion of a two-degree-of-freedom system are given by where \(F_{1}(t)\) denotes a rectangular pulse of magnitude 5 acting over \(0 \leq t \leq 2\). Find the solution of the...
-
Find the response of a simple pendulum numerically by solving the linearized equation: \[\ddot{\theta}+\frac{g}{l} \theta=0\] with \(\frac{g}{l}=0.01\) and plot the response, \(\theta(t)\), for \(0...
-
Find the response of a simple pendulum numerically by solving the exact equation: \[\ddot{\theta}+\frac{g}{l} \sin \theta=0\] with \(\frac{g}{l}=0.01\) and plot the response, \(\theta(t)\), for \(0...
Study smarter with the SolutionInn App