Suppose the current capital-labor ratio in south korea is greater than the current capital-labor ratio in china. moreover, assume that productivity is constant (i. e. it doesn't grow over time), but it needn't be the same in the two countries. lastly, the two countries have the same population growth and depreciation rates and the same labor income share. if gdp per capita grows at the same rate in china and south korea, it must be the case that

(a) steady-state output per person is higher in china, provided they have the same investment rate.
(b) china and south korea have the same steady state
(c) neither of the two countries has reached its respective steady state yet.
(d) it is higher in south korea than in china.

How do primary and secondary industries differ

Asmartphone manufacturing company uses social media to achieve different business objectives. match each social media activity of the company to the objective it the company achieve.

Fanning company is considering the addition of a new product to its cosmetics line. the company has three distinctly different options: a skin cream, a bath oil, or a hair coloring gel. relevant information and budgeted annual income statements for each of the products follow. skin cream bath oil color gel budgeted sales in units (a) 110,000 190,000 70,000 expected sales price (b) $8 $4 $11 variable costs per unit (c) $2 $2 $7 income statements sales revenue (a × b) $880,000 $760,000 $770,000 variable costs (a × c) (220,000) (380,000) (490,000) contribution margin 660,000 380,000 280,000 fixed costs (432,000) (240,000) (76,000) net income $228,000 $140,000 $204,000 required: (a) determine the margin of safety as a percentage for each product. (b) prepare revised income statements for each product, assuming a 20 percent increase in the budgeted sales volume. (c) for each product, determine the percentage change in net income that results from the 20 percent increase in sales. (d) assuming that management is pessimistic and risk averse, which product should the company add to its cosmetics line? (e) assuming that management is optimistic and risk aggressive, which product should the company add to its cosmetics line?