Business, 01.06.2021 21:30 malachijwilson5
This question requires that you use the law of motion of capital, the production function, and the national income accounts identity.
Suppose that a nation’s production function is Y_t = F(K_t, L_t) = K_t^{\alpha}L_t^{1-\alpha}
You have the following information:
The share of income paid to owners of capital \alpha = \frac{1}{3}
The rate of depreciation, \delta = 1
The savings rate s=.15
The initial capital stock K_0=1
The labor supply, for all t\geq 0 is L_t=5
Assuming that L_t is the number of workers, What is the long run level of output per worker?
Please give an exact answer. This question will accept any answer within .1 of the exact answer
Answers: 3
Business, 21.06.2019 19:20, rebeccathecatt
Nominal gross domestic producta. is a measure of the overall level of pricesb. measures the value of final goods and services produced within the borders of a given country during a given time period using current pricesc. measures the value of final goods and services produced within the borders of a given country during a given time period corrected for changing pricesd. only changes when the level of output changes
Answers: 2
Business, 21.06.2019 20:30, Scourge927
marketing strategies should be established before marketing objectives are decided. t/f
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Business, 22.06.2019 10:30, SuBzErO24
Which maxim is being neglected in the following conversation? eli: how did you do at the track meet? caleb: i came in second place! eli: congratulations! what was your time? caleb: six minutes, four seconds. the guy who won only beat me by three seconds. eli: really? katie said the winning time was under 6 minutes. caleb: oh, well, he might have beat me by five seconds. a)maxim of quantity b)maxim of quality c)maxim of relevance d)maxim of manner
Answers: 1
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