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Igoryamba
4 years ago
15

In an economy with population growth at rate n, the change in capital stock per worker is given by the equation:_______.

Business
1 answer:
Natalija [7]4 years ago
6 0

Answer:

B. Δk = sf(k) – (δ + n)k.

Explanation:

The Solow Growth Model, developed by Robert Solow, a Nobel Prize winning economist. It was the first neoclassical growth model which was was built upon the Keynesian Harrod-Domar model. The modern theory of economic growth is given by the Solow Model.

The equation below gives us the change in capital stock per worker with population growth at rate n;

Δk = sf(k) – (δ + n)k.

Where k: capital stock per worker in period t

s: savings rate

δ: rate of depreciation of capital

n: labor or number of workers

sf(k): savings per capita multiplied by a fraction of income saved.

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3 years ago
You are asked to assess the current service model for a manufacturing line featuring 8 machines. Based on empirical data you hav
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Answer:

A) 14.72 hours

B)  An additional worker should be hired since the lost work time is 14.72 hours

Explanation:

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percentage of machine been down = 23%

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7 0
3 years ago
Sara wants to start her own business. She is not sure if she wants to be a sole proprietor or get a partner. She asks a financia
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Answer:

B) She has to share all of the profits with the partner.

Explanation:

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3 years ago
Read 2 more answers
when executives confront an unfulfilled business need, they normally turn to ________ prepared by potential b2b marketers.
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Executives turn to WHITEPAPERS prepared by potential b2b marketers to confront an unfulfilled business need.

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  • The whitepapers provide the executives the guide they require to understand and solve business needs.

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