Answer:
125 birdhouses per month
Explanation:
Barney=150 birdhouses
Total product=150 birdhouses
If Barney hires Fred
Fred =125 birdhouses
Total product=150+125
=275 birdhouses
Marginal product can be defined as a change in output as a result of a change in variable inputs
It can be calculated as follows
Marginal product=change in total product/change in variable inputs
=275-150/1
=125/1
=125 birdhouses per month
Answer:A product that is not an object or something that is owned is called a non-economic good.
Explanation:
A product that is not an object or something that is owned is called a non-economic good.
Answer: A. increases with the number of H consumers.
Explanation: If all type H customers are currently purchasing the product, it means that its customer base is large and significant enough and as such the firm would prefer to sell all of its product to H, and also do to the fact that there is only so much supply that a firm can provide. But, fewer quantities of goods would remain for L if more and more goods are sold to H. Due to this lower quantity supplied to the L customer base, it then means that the firm can set the price higher for L. This is because at a higher price, quantity demanded reduces (which is expected for L) and it can therefore maintain supply to H which has more customers.
Winston Baker will put $25,000 into his sister's new spa. In six years, he will have tripled his investment. Winston has been promised a 20% rate of return.
<h3>What is meant by Rate of returns?</h3>
- The annual rate of return is the percentage change in an investment's value. For instance, if you assume a 10% annual rate of return, you are assuming that the value of your investment will rise by 10% each year.
- A rate of return (RoR) is the net gain or loss of an investment over a given time period expressed as a percentage of the initial cost of the investment.
- When you calculate the rate of return, you are calculating the percentage change from the beginning to the end of the period. ROI is calculated by subtracting the initial cost of the investment from the final value, dividing the result by the cost of the investment, and finally multiplying it by 100.
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Answer:
<u>Using the Harrod-Domar growth equation</u>
Growth rate = Saving rate / Capital output ratio
Growth rate = 0.01 / 3
Growth rate = 0.003
Growth rate = 0.3%
Thus, the value of growth rate is 0.3%
When the incremental capital-output ratio is 3, to achieve the 5% growth rate, the gross saving rate is 0.24 or 24%
Exogenous growth: When the labor supply is perfectly elastic, then the exogenous does not allow any factor to substitute
Endogenous growth: When the labor supply is perfectly elastic, theem the exogenous does not lead to address the savings decision or sources of productivity growth.
