All categories

3 years ago

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]3 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.

You might be interested in

Tax preparation software can help prepare and file your

madreJ [45]

Tax preparation software can help prepare and file your taxes by " posing questions to collect the necessary information."

This is because Tax preparation software is designed to give step-by-step, question and answer format to gather the necessary information to prepare your income taxes.

There are various types of tax preparation software, some of which include the following:

TurboTax

H&R Block

TaxAct

E-file

FreeTaxUSA

Hence, in this case, it is concluded that the correct answer is option B. "posing questions to collect the necessary information."

Learn more here: brainly.com/question/6779776

3 0

3 years ago

J&R Renovation, Inc., is trying to determine its cost of debt. The firm has a debt issue outstanding with 16 years to maturi

g100num [7]

Answer:

After tax cost of debt = 5.44*(1-0.35)% = 3.54%

Explanation:

PV = 106

PMT = 6/2 =-3

N = 16*2 = 32 semi annual

FV = -100

Semi annual yield = 2.72%

Annual cost of debt = 2.72%*2 = 5.44%

After tax cost of debt = 5.44*(1-0.35)% = 3.54%

Using Rate function in Excel or Financial calculator

6 0

3 years ago

In the traditional labor model, the amount that an additional worker hired adds to the revenues of the firm is called the _____

Aloiza [94]

Answer:

The correct answer is marginal product.

Explanation:

The marginal product of labor is the change in the output or total product because of hiring an additional unit of labor. In other words, the amount that an additional worker adds to the revenue is its marginal product.

It can be expressed as,

$MP_{L} \ =\ \frac{\Delta Y}{\Delta L}$

The marginal product of labor depends on the quantity of capital and labor already employed.

5 0

3 years ago

Keisha owns a house worth $275,000 with a mortgage of $195,000. She owns a car worth $12,000 and has $7,500 in car loans. She ha

avanturin [10]

House is worth 275- 195= 80k equity. Car is 12k-7500= 4.5k equity plus 3k investments plus 2700 in the bank minues 1500 credit card debit= 88,700

8 0

3 years ago

Read 2 more answers

Quiz - Motivational Theory

lozanna [386]

Answer:

Self-Actualization and Esteem

Explanation:

According to Herzberg's theory, motivators result in personal satisfaction. Motivators come from the intrinsic conditions of the job an employee performs, e.g. recognition (employee of the month), personal growth (a promotion).

Herzberg's motivators relate to the higher levels of Maslow's pyramid, which basically deal with developing the full potential of individuals.

On the other hand, Herzberg's hygiene are related to the lower levels of Maslow's pyramid.

7 0

3 years ago