Answer:
Part A
1) Total amount of oats allowed = 960000*16 = 15360000 ounce
2) Total amount of labor hours allowed
= 960000*.04 = 38400 Hours
Part B :
1) Total amount of oats allowed = 750000*17 = 12750000 ounce
2) Total amount of labor hours allowed
= 750000*.04 = 30000 Hours
Explanation:
Answer and Explanation:
Different things being constant, a slowdown in population growth will lead to an increase in the availability of capital per worker and output per worker.
At the steady state, output per worker will grow at the rate of g while. Thus, steady state per person output growth will be same, however total output will increase at the rate n+g.
In case of transition between steady states, during the transition phase, output per worker will grow at a rate greater than g. Overtime in the long run with a fall in population growth, total output will fall while output per worker will increase.
Brenda, who was planning a small dinner party and she found at the store a buy-one-get-one-free deal and a free gift with the purchase of a particular dessert, altered the menu as a result of the in-store promotion and ended up spending less than she'd planned. This shows that shopping situations can influence purchases, In this case, promotions in stores can influence purchase decisions.
one could be food im not really