Business, 23.03.2021 03:00 keananashville

Suppose that an economy can be described by the following set of variables: Output per effective worker: Savings rate (s) = 0.12 Depreciation rate (δ) = 0.05 Population growth rate (n) = 0.03 Rate of technological progress (g) = 0.03 (a) Find the steady-state value of capital per effective worker. (b) Find the steady-state value of output per effective worker. (c) Find the steady-state value of consumption per effective worker. (d) Find the growth rate of output per effective worker at steady-state. (e) Find the growth rate of output per worker at steady-state. (f) Find the growth rate of total output at steady-state (g) Calculate the Golden-Rule level of capital per effective worker for this economy. (h) What is the level of consumption per effective worker at the Golden-Rule level of capital per effective worker? [Hint: The savings rate necessary to reach the Golden Rule level will

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 13:30

On january 2, well co. purchased 10% of rea, inc.’s outstanding common shares for $400,000, which equaled the carrying amount and the fair value of the interest purchased in rea’s net assets. well did not elect the fair value option. because well is the largest single shareholder in rea, and well’s officers are a majority on rea’s board of directors, well exercises significant influence over rea. rea reported net income of $500,000 for the year and paid dividends of $150,000. in its december 31 balance sheet, what amount should well report as investment in rea?

Answers: 3

Answer

Business, 22.06.2019 23:40

Elite coffee and bakery, a café that offers a relaxing environment to enjoy quality coffees, teas, soups, and other menu items, has a poster in the front of its restaurants that reads, "we will always provide a quality product to our customers better meet the challenges of their day and always take the time to offer caring service one person at a time." this statement is elite's

Answers: 2

Answer

Business, 23.06.2019 00:10

You are to receive five gold coins from your great uncle as an incentive to study hard. the coins were originally purchased in 1982. your great uncle will deliver the coins the week after finals (assuming your grades are "acceptable"). the amount your great uncle paid for the coins is a(n): indirect cost.overhead cost.opportunity cost.sunk cost.

Answers: 1

Answer

Business, 23.06.2019 00:40

Mesa company produces wooden rocking chairs. the company has two production departments, cutting and assembly. the wood is cut and sanded in cutting and then transferred to assembly to be assembled and painted. from assembly, the chairs are transferred to finished goods inventory and then are sold.mesa has compiled the following information for the month of february: cutting department assemblydepartmentdirect materials $ 73,000 $ 13,000direct labor 73,000 108,000applied manufacturing overhead 159,000 171,000cost of goods completed and transferred out 233,000 255,000required: 1, 2, 3, & 4. prepare journal entries for the transactions in the cutting and assembly departments of mesa company. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)

Answers: 3

Answer

You know the right answer?

Suppose that an economy can be described by the following set of variables: Output per effective wor...

Questions