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Andre45 [30]
3 years ago
13

Consider an economy that is in steady state according to the Solow model. Now suppose that a temporary foreign aid program build

s a new road between two major cities. This change will:
a. Increase capital per worker permanently, followed by temporary positive growth.
b. Increase capital per worker permanently, followed by temporary negative growth.
c. Increase capital per worker temporarily, followed by temporary positive growth
d. Increase capital per worker temporarily, followed by temporary negative growth
Business
2 answers:
AveGali [126]3 years ago
6 0

Answer:

B

Explanation:

Increase capital per worker permanently, followed by temporary negative growth.

Meaning the capital per worker will increase but may be followed by a temporary decrease in the GDP

skelet666 [1.2K]3 years ago
3 0

Answer:B

Explanation:

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Worldwide annual sales of a product in 2013–2017 were projected to be approximately q = −10p + 4,700 million units at a selling
OlgaM077 [116]

The revenue function is given by R = -10p² + 4700p

Revenue is the total amount of money made from selling a particular unit of products while cost is the amount of money spent in production.

Given an annual sales (q) as:

q = (−10p + 4,700) million units.

The selling price is $p per unit. Hence:

Revenue = per unit price * annual sales

Revenue = p * (−10p + 4,700)

Revenue (R) = -10p² + 4700p

The revenue function is given by R = -10p² + 4700p

Find out more on Revenue at: brainly.com/question/16232387

8 0
2 years ago
At year-end (December 31), Chan Company estimates its bad debts as 0.50% of its annual credit sales of $823,000. Chan records it
Rudiy27

Explanation:

The journal entries are as follows

On December 31

Bad debt expense Dr  $4,115        ($823,000 × 0.50%)

       To Allowance for doubtful debts  $4,115

(Being the bad debt expense is recorded)      

On Feb 01

Allowance for doubtful debts Dr $412

      To Account receivable $412

(Being the uncollectible amount is recorded)

On June 5

Account receivable $412

          To Allowance for doubtful debts Dr $412

(Being the  uncollectible amount is recorded)

On June 5

Cash Dr $412

   To Account receivable $412

(Being the cash received is recorded)

5 0
3 years ago
A central bank acts as a lender of last resort especially in times of financial crisis. What is the purpose of this function
mr_godi [17]

Answer:

The purpose of the function is to lend the people indeed.

Explanation:

a central bank help to keep our money and give a loan

7 0
3 years ago
At the beginning of 2020, Concord Company acquired a mine for $3,251,600. Of this amount, $124,000 was ascribed to the land valu
Sav [38]

Answer:

A. $737,520

B. $530,320

Explanation:

a. Computation for the total amount of depletion for 2020.

First step is to calculate the Depletion Rate

Depletion Rate = ($3,251,600 - $124,000 + $49,600 + $210,800)/12,100,000

Depletion Rate= $3,388,000/ 12,100,000

Depletion Rate= 0.28

Now let calculate the total amount of depletion for 2020.

2020 Total amount of depletion= 0.28 × $2,634,000

2020 Total amount of depletion= $737,520

Therefore the total amount of depletion for 2020 is $737,520

B. Computation for the amount that is charged as an expense for 2014 for the cost of the minerals sold during 2020.

Expense amount charged= ($737,520/$2,634,000)* 1,894,000

Expense amount charged=0.28 *1,894,000

Expense amount charged=$530,320

Therefore the amount that is charged as an expense for 2014 for the cost of the minerals sold during 2020 is $530,320

7 0
2 years ago
Leh Inc. recently borrowed $275,000 from its bank at a simple interest rate of 9 percent. The loan is for nine months and, accor
Andreyy89

Answer:

Monthly payment =$32,618.05

Explanation:

<em>To arrive at the monthly installment, we would calculate the total interest due on the loan for nine months, add it to the principal and then divided the sum by 9 months</em>

<em>The monthly installment</em>

= (Principal + total interest for 9 months)/ number of months

<em>Interest for 9 months </em>

= 9%× 9/12 × 275,000

= $18,562.5

<em>Monthly installment</em>

= (275,000 + $18,562.5)/9

=32,618.05 per month

3 0
3 years ago
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