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4 years ago

The primary difference between a denotative meaning and a connotative meaning is that

1 answer:

5 0

A denotation is the literal meaning of a word, the exact definition, and a connotation is the emotional input that is connected a certain word, the secondary meaning, e.g. when you think of a dove it implies peace and tranquility

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there are dozens of laptop manufacturers around the world. according to the idea of efficient production, there should only be o

jonny [76]

According to the idea of efficient production, option a. each firm independently decides how many laptops to produce, and the marginal cost of the last unit produced will be the same for all firms.

<h3>What do you mean by the term production?</h3>

Production is known to be a term that connote the act or the process of creating or making of goods, products or services from raw materials or other forms/components.

Note that In production is one that tends to make use of inputs and as well as uses them to make an output that is known to be fit for consumption and it is one that gives value to the end-user or customer.

Therefore, According to the idea of efficient production, option a. each firm independently decides how many laptops to produce, and the marginal cost of the last unit produced will be the same for all firms.

Learn more about production from

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There are dozens of laptop manufacturers around the world.

According to the idea of efficient production,

a. each firm independently decides how many laptops to produce, and the marginal cost of the last unit produced will be the same for all firms.

b. a competitive market will drive most manufacturers out of business, leaving just a few firms to produce at the lowest possible cost.

c. government regulation will ensure that every firm produces at the lowest marginal cost.

d. there should only be one laptop manufacturer, making laptops at the lowest marginal cost.

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2 years ago

You own an auto repair shop. When you recycle old car batteries, you receive a $25 refund from the manufacturer. When your custo

Firdavs [7]

Answer:

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Explanation:

Its really simple if you think about it your just multiplying

25x55 and if you meant add 25 to 10 then do

35x55

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3 years ago

Reserve requirements are regulations concerning

Levart [38]

B. Reserve requirements are based on the ratio of how many deposits are put into the bank. More deposits = higher reserve requirements. Less deposits = less reserve requirements

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4 years ago

The process by which the eye changes its focus, by making the lens thicker and thinner

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By changing its shape, the lens focuses light onto the retina. Through the action of small muscles (called the ciliary muscles), the lens becomes thicker to focus on nearby objects and thinner to focus on distant objects.

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4 years ago

Suppose that output (Y ) in an economy is given by the following aggregate production function: Yt = Kt + Nt where Kt is capital

shusha [124]

Answer:

Check the explanation

Explanation:

Yt = Kt + Nt

Taking output per worker, we divide by Nt

Yt/Nt = Kt/Nt + 1

yt = kt + 1

where yt is output per worker and kt is capital per worker.

a) With population being constant, savings rate s and depreciation rate δ.

ΔKt = It - δKt

dividing by Nt, we get

ΔKt/Nt = It/Nt - δKt/Nt ..... [1]

for kt = Kt/Nt, taking derivative

d(kt)/dt = d(Kt/Nt)/dt ... since Nt is a constant, we have

d(kt)/dt = d(Kt/Nt)/dt = (dKt/dt)/Nt = ΔKt/Nt = It/Nt - δKt/Nt = it - δkt

thus, Capital accumulation Δkt = i – δkt

In steady state, Δkt = 0

That is I – δkt = 0

S = I means that I = s.yt

Thus, s.yt – δkt = 0

Then kt* = s/δ(yt) = s(kt+1)/(δ )

kt*= skt/(δ) + s/(δ)

kt* - skt*/(δ) = s/(δ)

kt*(1- s/(δ) = s/(δ)

kt*((δ - s)/(δ) = s/(δ)

kt*(δ-s)) = s

kt* = s/(δ -s)

capital per worker is given by kt*

b) with population growth rate of n,

d(kt)/dt = d(Kt/Nt)/dt =

= $\frac{\frac{dKt}{dt}Nt - \frac{dNt}{dt}Kt}{N^{2}t}$

= $\frac{dKt/dt}{Nt} - \frac{dNt/dt}{Nt}.\frac{Kt}{Nt}$

= ΔKt/Nt - n.kt

because (dNt/dt)/Nt = growth rate of population = n and Kt/Nt = kt (capital per worker)

so, d(kt)/dt = ΔKt/Nt - n.kt

Δkt = ΔKt/Nt - n.kt = It/Nt - δKt/Nt - n.kt ......(from [1])

Δkt = it - δkt - n.kt

at steady state Δkt = it - δkt - n.kt = 0

s.yt - (δ + n)kt = 0........... since it = s.yt

kt* = s.yt/(δ + n) =s(kt+1)/(δ + n)

kt*= skt/(δ + n) + s/(δ + n)

kt* - skt*/(δ + n) = s/(δ + n)

kt*(1- s/(δ + n)) = s/(δ + n)

kt*((δ + n - s)/(δ + n)) = s/(δ + n)

kt*(δ + n -s)) = s

kt* = s/(δ + n -s)

.... is the steady state level of capital per worker with population growth rate of n.

3. a) capital per worker. in steady state Δkt = 0 therefore, growth rate of kt is zero

b) output per worker, yt = kt + 1

g(yt) = g(kt) = 0

since capital per worker is not growing, output per worker also does not grow.

c)capital.

kt* = s/(δ + n -s)

Kt*/Nt = s/(δ + n -s)

Kt* = sNt/(δ + n -s)

taking derivative with respect to t.

d(Kt*)/dt = s/(δ + n -s). dNt/dt

(dNt/dt)/N =n (population growth rate)

so dNt/dt = n.Nt

d(Kt*)/dt = s/(δ + n -s).n.Nt

dividing by Kt*

(d(Kt*)/dt)/Kt* = s/(δ + n -s).n.Nt/Kt* = sn/(δ + n -s). (Nt/Kt)

$\frac{sn}{\delta +n-s}.\frac{Nt}{Kt}$

using K/N = k

$\frac{s}{\delta +n-s}.\frac{n}{kt}$

plugging the value of kt*

$\frac{sn}{\delta +n-s}.\frac{(\delta + n -s)}{s}$

thus, Capital K grows at rate n

d) Yt = Kt + Nt

dYt/dt = dKt/dt + dNt/dt = s/(δ + n -s).n.Nt + n.Nt

using d(Kt*)/dt = s/(δ + n -s).n.Nt from previous part and that (dNt/dt)/N =n

dYt/dt = n.Nt(s/(δ + n -s) + 1) = n.Nt(s+ δ + n -s)/(δ + n -s) = n.Nt((δ + n)/(δ + n -s)

dYt/dt = n.Nt((δ + n)/(δ + n -s)

dividing by Yt

g(Yt) = n.(δ + n)/(δ + n -s).Nt/Yt

since Yt/Nt = yt

g(Yt) = n.(δ + n)/(δ + n -s) (1/yt)

at kt* = s/(δ + n -s), yt* = kt* + 1

so yt* = s/(δ + n -s) + 1 = (s + δ + n -s)/(δ + n -s) = (δ + n)/(δ + n -s)

thus, g(Yt) = n.(δ + n)/(δ + n -s) (1/yt) = n.(δ + n)/(δ + n -s) ((δ + n -s)/(δ + n)) = n

therefore, in steady state Yt grows at rate n.

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4 years ago