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Alexeev081 [22]
3 years ago
15

Alter the Solow growth model so that the production technology is given by Y = zK, where Y is output, K is capital, and z is tot

al factor productivity. Thus, output is produced only with capital.
a. Show that it is possible for income per person to grow indefinitely.
c. Also show that an increase in the savings rate increases the growth rate in per capita income.
c. From parts (a) and (b), what are the differences between this model and the basic Solow growth model? Account for these differences and discuss.

Business
1 answer:
Veronika [31]3 years ago
4 0

Answer:

Explanation:

kindly check the below for this explanation

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When a firm operates under conditions of monopoly its price is:?
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Havent you played monoply?
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4 years ago
As a store manager, Liandra has to play the role of negotiator, such as purchasing products at a fair price for her company. As
swat32

Answer:

As a store manager, Liandra has to play the role of negotiator, such as purchasing products at a fair price for her company. As she handles this responsibility, Liandra is playing the decisional role.

Explanation:

A manager is someone who supervises, controls and administers an organization or company. There are different types of managers in an organization. An example is a store manager whose major role is to maintain the overall image of the store. There are different roles that a manager can play in an organization, namely; decisional, disseminator, and leadership. These roles are further explained below;

1. Decisional role

As the name suggests, this is a role where the manager has to make a choice on multiple alternatives. As she handles the responsibility of purchasing products at a fair price, she makes decisions on which products are of quality and which ones have a good price on behalf of her company.

2. Disseminator

A disseminator is a manager in the field of communication charged with the responsibility of passing information about an organization to the employees.

3. Leadership

Leadership can be defined as the role of taking charge in directing people and resources in a certain direction. The role of leadership can be taken by different people as various levels of management.

8 0
3 years ago
Mason bought a rotisserie in preparation for a party he was planning. When he put a chicken on the rotisserie, it would not rota
Olegator [25]

Answer:

Yes Mason has recourse

Explanation:

In this scenario Mason bought a rotisserie that did not work as expected. That is it did not rotate as it should thereby causing burning of the chicken.

Even is the seller of the rotisserie did not give a warranty to cover the product, there is an implied warranty that covers the use of goods.

Implied warranty is the minimum requirement expected from the use of a product. For example a.television is expected to come on when in use..

So Mason has a recourse because he is covered by implied warranty.

6 0
4 years ago
What were the most important factors that led to the midwest becoming known as the rust belt?
ICE Princess25 [194]
The Rust Belt became an industrial hub due to its proximity to the Great Lakes, canals, and rivers, which allowed companies to access raw materials and ship out finished products. These were the most important factors.
5 0
2 years ago
Fenton has a food truck in which he sells mainly burgers and fries. He decided to expand his product line to begin serving grill
marusya05 [52]

Answer:

e. cannibalization

Explanation:

Based on the information provided within the question it can be said that this is most likely due to cannibalization. In business terms, this refers to a decline in sales due to the fact that the company introduces a new product with the hope of increasing sales, but instead that product takes the spotlight and causes the sales for other products that provide more profit to actually decline. Which is what the grilled chicken is doing to the burger products in this scenario, causing Fenton's overall sales revenue to decline.

5 0
4 years ago
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