Business, 08.11.2019 05:31 Looneytunness1806
Suppose the production function in medieval europe is y 5 k 0.5l0.5, where k is the amount of land and l is the amount of labor. the economy begins with 100 units of land and 100 units of labor. use a calculator and equations in the chapter to find a numerical answer to each of the following questions. a. how much output does the economy produce? b. what are the wage and the rental price of land? c. what share of output does labor receive?
Answers: 1
Business, 21.06.2019 13:50
Abarbecue sauce producer sells their product in a 20-ounce bottle. their historical process mean has been 20 ounces with a standard deviation of 0.25 ounces. if their tolerance limits are set at 20 ounces plus or minus 1 ounce, what is the process capability ratio of the bottle filling process? (5 points)
Answers: 1
Business, 21.06.2019 16:20
Match each of the terms below with an example that fits the term. a. fungibility the production of gasoline b. inelasticity the switch from coffee to tea c. non-excludability the provision of national defense d. substitution the demand for cigarettes
Answers: 3
Business, 22.06.2019 10:00
Cynthia is a hospitality worker in the lodging industry who prefers to cater to small groups of people. she might want to open a
Answers: 3
Business, 22.06.2019 21:00
You are given the following information about aggregate demand at the existing price level for an economy: (1) consumption = $400 billion, (2) investment = $40 billion, (3) government purchases = $90 billion, and (4) net export = $25 billion. if the full-employment level of gdp for this economy is $600 billion, then what combination of actions would be most consistent with closing the gdp gap here?
Answers: 3
Suppose the production function in medieval europe is y 5 k 0.5l0.5, where k is the amount of land a...
Mathematics, 26.12.2019 19:31