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:
The answer would be B
Explanation:
The effective federal funds rate is the interest rate banks charge each other for overnight loans to meet their reserve requirements. Also known as the federal funds rate, the effective federal funds rate is set by the Federal Open Market Committee, or FOMC.
Answer: $18
Explanation:
Based on the information,
Sales revenue = $65 × 225 = $14625
Cost of goods sold = (45 × $20) + (1125 × $4) + (225 × $14) + (225 × $9)
= $900 + $4500 + $3150 + $2025
= $10575
Gross profit = Sales revenue - Cost
= $14625 - $10575
= $4050
The gross profit for one chainsaw will be:
= $4050/225
= $18
Answer:
A tariff has a postive impact when it comes to safeguarding and having an income
Explanation:
A tariff is a tax put on imported or exported goods to protect the goods and earn money. This can be used as a source of income as many states in the US do so.
Answer:
The most likely problem to arise due to a shift from socialism to capitalism is unequal distribution of wealth.
Explanation:
In a socialist system the businesses and properties are owned by the government. The government ensures equal distribution of income and wealth in the society.
However, in a capitalist system the business and properties are owned by private individuals. People earn income on the basis of their contributions. The government does not interfere in the economy, it's the market forces control the economy.
In a socialist system income redistribution takes place from rich to poor. Such things do not happen in capitalism. So people are mostly to face the problem of unequal distribution of wealth through this shift.
