Answer:
the country is above the steady state
Explanation:
An economy has the per-worker production function <em>y = 
</em>
Here,
<em>y </em>is the output per worker and <em>k </em>is the capital-labor ratio
depreciation rate <em>d = 0.5.</em>
Population growth rate is <em>n = 0%</em>
a. At steady state
<em>Δk = 0</em>
<em>sy-k(d+n) = 0 </em>
<em>sy = k(d+n)</em>
<em>0.5 ( ) = k (0.05 + 0)</em>
<em>0.5 
= 0.05k</em>
then resolve for <em>k</em>, and obtain <em>k=100. </em>The capital in steady state.
If the k=400, then the output
<em>y = </em>
<em> =
</em>
<em> =20</em>
Thus, the country is above the steady state
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<span>a.price floor
Where the government fixes the minimum retail price</span>
Answer:
Volatility
Explanation:
Volatility of industrial demand is the uncertainty in demand for product or parts by consumers. Companies need to adequately prepare for these changes in demand by the consumer so as to adequately provide the inventory or product to the customer.
In the given scenario Toyota is manufacturing product for all demands in the market place so as to capture all market shares.
They are producing both traditionally furled cars and the Mirai (a car that uses electricity). By this move they are appealing to both demand for normal fuel cars and those that want to use alternative energy sources
