Answer:
0.76%
Explanation:
Firstly we write out the production function to be
Y = K^0.34L^0.42.
So if we have inputs that are increased by 1%, we will now have a new production function which is
Y = (K + 0.01 of K)^0.34 (L + 0.01 of L)^0.42
We write this in terms of growth rate
The Growth rate of Y = 0.34 x the growth rate of K + 0.42 x the growth rate of L
This gives us the Growth rate of Y = 0.34 x 1% + 0.42 x 1%
= 0.34+0.42
= 0.76%
Answer:
- yes
- Because the state lottery provides for administrative hearings
Explanation:
The plaintiffs must exhaust their administrative remedies before a court of law would grant them the opportunity to pursue a legal action against the lottery board because it might a breach in communication or administration from the lottery board or the lottery director and the plaintiffs should seek to resolve the issues without having to seek a legal action but through administrative remedies and procedures which more swift in resolving such issues
Answer:
The company could pay up to 866,965.89 dollars today to solve the current heat exchanger situation
Explanation:
We have to determinate the present value of 7 year annuity which increase at a rate of 7% when the cost of capital is 15% being the first quota 175,000 dollars
grow rate 0.07
required return 0.15
Cuota 175,000
n 7
PV = 866,965.89
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