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Rufina [12.5K]
3 years ago
12

Consider a numerical example using the Solow growth model. Suppose that F(K,N) = K^ 0.5N^ 0.5, with d = 0.1, s = 0.2, n = 0.01,

and z = 1, and take a period to be a year.
(a) Determine capital per worker, income per capita, and consumption per capita in the steady state.
(b) Now, suppose that the economy is initially in the steady state that you calculated in part (a). Then, s increases to 0.4.
i. Determine capital per worker, income per capita, and consumption per capita in each of the 10 years following the increase in the savings rate.
ii. Determine capital per worker, income per capita, and consumption per capita in the new steady state.
iii. Discuss your results; in particular comment on the speed of adjustment to the new steady state after the change in the savings rate, and the paths followed by capital per worker, income per capita, and consumption per capita.

Business
1 answer:
Sliva [168]3 years ago
4 0

Find the solution in the attachments

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Pool Corporation, Inc., is the world's largest wholesale distributor of swimming pool supplies and equipment.
Ad libitum [116K]

The journal entries are shown below:

Bad debt expense A/c Dr  $3,378

 To Allowance for doubtful debts A/c  $3,378

(Being bad debt expense is recorded)

Allowance for doubtful debts A/c  Dr $4,510

     To Account receivable A/c $4,510

(Being written off amount is recorded)

2. The computation of the net sales is shown below:

= Gross sales - sales discount - sales return - credit card fees

= $140,756 - $1,344 - $996 - $2,129

= $136.287

A journal entry is the act of preserving or making facts of any transactions either monetary or non-monetary. Transactions are indexed in an accounting magazine that shows a organization's debit and credit score balances. The magazine entry can include numerous recordings, every of which is both a debit or a credit.

A journal entry is used to record a commercial enterprise transaction in the accounting information of a commercial enterprise. A magazine entry is commonly recorded in the trendy ledger; as a substitute, it can be recorded in a subsidiary ledger that is then summarized and rolled ahead into the general ledger.

Learn more about  journal entries here brainly.com/question/14279491

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6 0
2 years ago
Q 4.13: salaries and wages expense should have been accrued on december 31st, but the entry was not made. the result of this ove
Shkiper50 [21]
The answer to the given situation is "the result of this oversight is that the liabilities are understated".
We can define understated as if someone say to you that your account is understated, it means that either the amount is incorrect or the amount is too small or it is less than the actual or true amount. In the given case the entry was not made due the understatement of liabilities.
6 0
3 years ago
Bridgeport Architects incorporated as licensed architects on April 1, 2022. During the first month of the operation of the busin
Goryan [66]
Ok thanks so much for your i i for a while and i is going there for the rest of
5 0
3 years ago
A company has employed two workers A and B whose productivities are 20units and 15units respectively. The wage for A is k12 whil
Leni [432]

Answer:

no

Explanation:

In order to achieve optimal employment level, the ratio of productivity between employees must be equal to the ratio between their wages, e.g. an employee who is 25% more productive, should earn 25% more.

In this case, the productive ratio is 15:20 or 3:4, while the wage ratio is 8:12 or 2:3. Since the wage ratio is lower than the productivity ratio (2:3 < 3:4), the two employees are not optimally employed.

3 0
3 years ago
Suppose the local market for legal services has an upward sloping supply curve, PL = 150 +0.0001QL where PL is the price of lega
Margaret [11]

Answer:

C) $50,000,000

Explanation:

The aggregate rent is the surplus earned by the lawyers for operating over their cost at this market equilibrium.

In the picture attached, the rent is showed graphically.

At PL=$250 per hour, the amount of demanded hours is QL=1,000,000.

The oportunity cost at a zero hours level is PL(0)=$150.

The rent can be calculated as:

Rent=\frac{QL_{equil} x (PL_{equil}-PL_0)}{2}\\\\\\Rent=\frac{1,000,000*(250-150)}{2}= \frac{1,000,000*(100)}{2}=50,000,000

The aggregate rent is $50,000,000.

8 0
3 years ago
Read 2 more answers
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