Answer: The saving rate is 0.30
Explanation:
The Golden Rule savings rate is referred to as the rate of savings which maximizes steady state level or growth of consumption.
Let k be the capital/labour ratio (i.e., capital per capita), y be the resulting per capita output ( y = f(k) ), and s be the savings rate. The steady state is referred to as a situation in which per capita output is unchanging, which implies that k be constant. This requires that the amount of saved output be exactly what is needed to one quip any additional workers and two replace any worn out capital.
In a steady state, therefore: sf(k)=(n+d)k
Growth rate of output =3%
Depreciation rate= 4%
Capital output ratio is (K/Y)
= 2.5
Begin the steady state condition:
S= ( σ + n + g) (k/Y)
S= (0.03+0.04) (2.5)
S= 0.175
Golden rule steady state
MPK= (0.03+0.04)= 0.07
Capital output ratio=
K/Y= Capital share / MPK
K/Y= 0.3/0.07
K/Y= 4.29
In the golden state, the capital output ratio is equal to 4.29 in comparison to the current capital ratio 2.5.
The saving rate consistent with the steady growth rate
S= ( σ + n + g) (k/Y)
S= (0.03 +0.04) (4.29)
S= 0.30
The saving rate that is consistent with the steady growth rate is 0.30
In the integrated supply chain model, integrated enterprise is typically manufacturer.
<h3>What is
supply chain model?</h3>
Supply chain modeling can be described as the conscious attempt that is been utilized in the proclamation of order as regards the supply chain to have certain business objectives.
These could be lowest supply cost as well as , on-time delivery ,however In the integrated supply chain model, integrated enterprise is typically manufacturer.
Learn more about supply chain model at:
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Answer:
The answer is "Option C".
Explanation:
The Costs of production relate to the price of a company producing or producing a service, which can include the range of expenditures, like labor, manufactured goods, supplies of items, and expenses. It has mainly four steps that can be defined as follows:
- Complete the physical unit flow.
- Measure the production unit's equivalent.
- Compare the value per unit for output equivalent.
- Assign costs to finished units and manufactured units.
Answer:
A pay policy line <u>reflects the pay structure in the market, which always matches rates in the organization.</u>
Explanation:
A pay policy line is the salary level and organization chooses to pay its employees compared to the standard salary level in the market.
Organizations would prefer not to overpay or underpay their employees. Therefore they consider the standard pay structure of the market and match the amount they pay their employees to this structure.
