Answer:
a. Rate of 17.5
b. 0.12
c. 0.07
d.4.29
e. 0.3
Explanation:
a. A Cobb-Douglas function has the form y =
, where a is capital's share of income. The question tell us that a=0.3, so, we know the production function is y =
.
- In the steady state we know that the growth rate of output equals 3%, so we know that (n+g)=0.03.
- The depreciation rate d=0.04.
- The capital-output ratio K/Y = 2.5. Because k/y= K*(L*A)/Y*(L*A)=K/Y.
Begin with the steady state condition sy=(d+n+g)k. Rewriting this equation leads to a formula for saving in the steady state:
s=(0.04+0.03)(2.5)=0.175
The initial rate is 17.5
b.
MPK=a/(K/Y)
MPK=0.3/2.5=0.12
c. MPK=(n+g+d)
MPK=(0.03+0.04)=0.07
In the Golden Rule Steady State, the capital-output ratio equals 4.29. Compared to the current capital ratio of 2.5
d. K/Y=a/MPK
K/Y=0.3/0.07=4.29
e.
s=(n+g+d)(k/y)
s=(n+g+d)(K/Y)
s=(0.04+0.03)(4.9)=0.175
s=0.3
To reach the Golden Rule Steady State, the saving rate must rise from 17.5 to 30 percent.
Answer:
$7,473
Explanation:
Calculation to determine the amount of gross margin that results from these transactions
First step is to calculate COGS
COGS=$16,100-($16,100 * 0.03)+$610
COGS=$16,100-$483+$610
COGS=$16,227
Now let calculate the Gross margin
Using this formula
Gross margin = Sales revenue - COGS
Let plug in the formula
Gross margin=$23,700 - $16,227
Gross margin =$7,473
Therefore the amount of gross margin that results from these transactions is $7,473
Answer: 28.20%
Explanation:
To compute the annual interest rate implicit in the sales discount for thus:
Firstly, we have to calculate the difference that exist between the payment date and the due date and then divide by 365 days which has been given in the question. This will be:
= 60 days - 20 days = 40 days
= 365days/40days
= 9.125%
Secondly, we will then subtract the percentage discount from 100% and then divide the result. Since discount percentage is 3%, this will be:
= 3%/(100% - 3%)
= 3%/97%
= 0.03/0.97
= 0.0309278351
= 3.09%
Lastly, we then multiply the result of the calculations above together in order to get the annualized interest rate. This will be:
= 9.125% × 3.09%
= 28.19625%
= 28.20%
Annualized interest rate. =28.20%
Option C
the family size of the firm's target market would be part of the sociocultural forces in a firm's external environment
<u>Explanation:</u>
To achieve and grow, organizations must modify, utilize, and agree with the authorities in their external environments. Sociocultural environmental forces cover opinions, views, customs and traditions, practices, and lifestyles. Social factors involve reference groups, family, position, and status in the community.
Family is a particular reference group and can execute the most crucial role in shaping the purchasing decisions of themselves. Staying aware of and obtaining the major reference groups, persons or family formations in a community and construction marketing on them can improve small businesses achieve victory.
Checking account makes one's money available when and where you need it while also keeping it safe.
Let first understand that Checking account is an account that facilitates easy withdrawal and deposit at any period of time while Saving account is an account used primarily for savings.
- Usually, a saving account does not allow withdrawal until maturity period, but the Checking account is opposite because its an account that is made ready for withdrawal of money therein.
In conclusion, a debit card are issued with the Checking account to ensure your money is available when and where you need it.
Learn more about Checking account here
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