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Schach [20]
3 years ago
10

Please explain the basic assumptions of Solow-Swan model of growth.

Business
1 answer:
g100num [7]3 years ago
6 0
<span>One composite commodity is produced.
</span><span>Output is regarded as net output after making allowance for the depreciation of capital.
</span><span>There are constant returns to scale. In other words, the production function is homogeneous of the first degree.
</span><span>The two factors of production, labor and capital, are paid according to their marginal physical productivities.
</span>
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Studies indicate that 20 percent to 25 percent of all business travelers engage in leisure activities during work-related trips.
fomenos
True. 20 to 25 percent of business travelers engage in leisure activities during work-related trips. This is because they usually spend too much time working hard at the office, therefore, leaving them with no time for pleasure at home. They, therefore, take advantage of these work-related trips to engage in leisure activities.
8 0
3 years ago
"If Jason receives his quarterly bonus of $3,000 and spends $2,100 on a computer and puts the rest in his savings account, what
snow_lady [41]

Answer: 0.70; 0.30

Explanation:

Marginal propensity to consume(MPC) is the additional spending by an economic agent due to a rise in income while the marginal propensity to save is the additional saving by someone due to rise in income.

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Increase in savings = $3,000 - $2,100 = $900

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= 0.70

MPS = $900/$3,000

= 0.30

7 0
3 years ago
True or false
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With a manual transmission, you "<span>use your right foot for the brake and accelerator and your left foot for the clutch". This is primarily to make sue that you don't press both the accelerator and the brake at the same time. </span>
5 0
3 years ago
Which 2 reasons that cause a large amount in the opening balance equity
son4ous [18]

Answer:

Which 3 reasons could be causing a large amount in the opening balance

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1-the client has added transactions in the banking center without assigning an account to them

2-opening balances for one or more product/service items were entered during the setup process

3-the client entered an opening balance when creating a new other current asset account

4-opening balance were included when importing customers,using the import data tool

Explanation:

7 0
3 years ago
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Ede4ka [16]

Answer:

Design competition

Explanation:

Competition is said to occur when there is rivalry between business organisations that offers the same product and services. This results in struggle for profit, market share growth as well as revenue achievement.

Design competition is employed by the organization who wants to have a cutting edge advantage over rival companies that produces the same product. This dine by changing production line, technology, product size and quality e.t.c.

However, various barriers hinders Design competition. For instance, large investment in old technology will make decisions to take up new technology a hard one to take.

3 0
3 years ago
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