Business, 20.02.2020 07:22 marioagundis0998

5. Suppose the production function in medieval Europe is Y=K 0.5 L 0.5 , 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? d. If a plague kills half the population, what is the new level of output? e. What are the new wage and rental price of land? f. What share of output does labor receive now?

Answers: 3

Show answers

Another question on Business

Business, 21.06.2019 14:20

What is the proper adjusted cash balance per bank? (round answers to 2 decimal places, e.g. 52.75.) the proper adjusted cash balance per bank $enter a dollar amount rounded to 2 decimal places (b) what is the proper adjusted cash balance per books? (round answers to 2 decimal places, e.g. 52.75.) the proper adjusted cash balance per books

Answers: 3

Answer

Business, 22.06.2019 21:20

White truffles are a very prized and rare edible fungus that grow naturally in the countryside near alba, italy. suppose that it costs $200 per day to search for white truffles. on an average day, the total number of white truffles (t) found in alba is t = 20x − x 2 , where x is the number of people searching for white truffles on that day. white truffles can be sold for $100 each. if there is no regulation, how many more people will be searching for white truffles than the socially optimal number?

Answers: 1

Answer

Business, 23.06.2019 01:30

Determine allison's december 31, 2018, investment in mathias balance.

Answers: 2

Answer

Business, 23.06.2019 02:50

Three years ago, stock tek purchased some five-year macrs property for $82,600. today, it is selling this property for $31,500. how much tax will the company owe on this sale if the tax rate is 34 percent? the macrs allowance percentages are as follows, commencing with year 1: 20.00, 32.00, 19.20, 11.52, 11.52, and 5.76 percent.

Answers: 1

Answer

You know the right answer?

5. Suppose the production function in medieval Europe is Y=K 0.5 L 0.5 , where K is the amount of la...

Questions