Business, 04.10.2019 20:20 lowemadison047

Y= f(k, l) = a k1/2l1/2 the data for this economy is a=10, k0=200 and the initial population is l0=200. we will assume that everyone in this country works so that population equals employment and per-person gdp equals per-worker gdp. note that each worker starts off with one unit of capital to work with. we will analyze the short-run effects of an inflow of immigrants into the economy. it is short-run effects because we will keep the stock of capital fixed at its initial value. suppose that in 2018 the economy receives a large inflow of immigration that increases the labor force by 10% to l1=220. to answer the following questions, draw diagrams on paper for the labor market and for the capital market. make sure you label your axes and curves carefully. label the initial equilibrium as point a. now shift the appropriate curves and draw the short-run equilibrium and label it as point b. in the labor market the supply shifts to the ; and the demand shifts to the

Answers: 1

Show answers

Other questions on the subject: Business

Business, 22.06.2019 12:30, cheyannehatton

Suppose that two firms produce differentiated products and compete in prices. as in class, the two firms are located at two ends of a line one mile apart. consumers are evenly distributed along the line. the firms have identical marginal cost, $60. firm b produces a product with value $110 to consumers. firm a (located at 0 on the unit line) produces a higher quality product with value $120 to consumers. the cost of travel are directly related to the distance a consumer travels to purchase a good. if a consumerhas to travel a mile to purchase a good, the incur a cost of $20. if they have to travel x fraction of a mile, they incur a cost of $20x. (a) write down the expressions for how much a consumer at location d would value the products sold by firms a and b, if they set prices p_{a} and p_{b} ? (b) based on your expressions in (a), how much will be demanded from each firm if prices p_{a} and p_{b} are set? (c) what are the nash equilibrium prices?

Answers: 3

continue

Business, 22.06.2019 19:50, alexdziob01

Right medical introduced a new implant that carries a five-year warranty against manufacturer’s defects. based on industry experience with similar product introductions, warranty costs are expected to approximate 2% of sales. sales were $8 million and actual warranty expenditures were $42,750 for the first year of selling the product. what amount (if any) should right report as a liability at the end of the year?

Answers: 2

continue

Business, 22.06.2019 21:30, sarahelisabeth444

China white was the black market selling of ivory, in which the profit was redistributed back into the trafficking of heroin.

Answers: 3

continue

Business, 23.06.2019 00:50, aaronlikly

On december 31 of the current year, the unadjusted trial balance of a company using the percent of receivables method to estimate bad debt included the following: accounts receivable, debit balance of $97,900; allowance for doubtful accounts, credit balance of $1,031. what amount should be debited to bad debts expense, assuming 6% of outstanding accounts receivable at the end of the current year are estimated to be uncollectible?

Answers: 1

continue

You know the right answer?

Y= f(k, l) = a k1/2l1/2 the data for this economy is a=10, k0=200 and the initial population is l0=2...