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White raven [17]
4 years ago
13

1. The production function above expresses output as a function of capital and labor (workers). Derive a function that expresses

output per worker as a function of capital per worker (i.e. find yt = f(kt)). 2. Write down the capital accumulation equation in terms of capital per worker (i.e. an equation with only kt+1, kt , δ, and s. 3. Solve for the steady state level of capital per worker as a function of δ and s. 4. Solve for the steady state level of output per worker as a function of δ and s. 5. What is the steady state growth rate of output per worker? 6. What is the steady state growth rate of output?
Business
1 answer:
DiKsa [7]4 years ago
4 0
Nice to do with the thing and the 2 for
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A learning rate of 0.9 means each __________ of the cumulative output reduces unit costs by __________.
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Answer:

b. 10% doubling

Explanation:

Options are <em>"a. tripling, b. 10% doubling, c. 90% tripling, d. 90% doubling, e. 10%"</em>

In this question, 90%(0.9) learning rate means that (1-0.9)10% unit of input is reduced each time the production is doubled. In a nutshell, the learning curve percentage represents the proportion by which the amount of an input per unit of output is reduced each time production is doubled.

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3 years ago
Suppose that the wage rate is $30 per hour, and the firm sells each unit of output for $6. Using the data from Table 7.3, how ma
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I found this data from Table 7.3
<span> <span> </span><span><span> Labor Input Output
</span> <span> 0                          0
</span> <span> 1                          40
</span> <span> 2                          70
</span> <span> 3                          90
</span> <span> 4                       100
</span> <span> 5                       105
</span> <span> 6                       108

Labor Cost = Labor Input x 30
Output Sales = Output x 6
Revenue = Sales - Cost

</span></span></span><span> <span> </span><span><span> Labor cost        Output Sales
</span> <span> 0                                    0
</span> <span> 30                                 240
</span> <span> 60                                 420
</span> <span> 90                                 540
</span> <span> 120                               600
</span> <span> 150                               630
</span> <span> 180                               648

</span></span></span><span> <span> </span><span><span> Labor Input     Output      Labor cost    Output Sales <span>   Revenue</span>
</span> <span> 0                         0                 0                      0                        0
</span> <span> 1                        40               30                    240                   210
</span> <span> 2                        70               60                    420                   360
</span> <span> 3                        90               90                    540                   450
</span> <span> 4                     100             120                    600                   480
</span> <span> 5                     105             150                    630                   480
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Labor Unit 4 and 5 both have a revenue of 480. It is the maximum revenue. I think the best option would be C. 4 UNITS.

Lesser cost to the company at a maximum revenue. </span></span></span>
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Answer:

Her sociological imagination.

Explanation:

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The number of opponents a canidate faces
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What is the primary purpose of most television commercials?
seraphim [82]

option C to persuade, just took the test

3 0
3 years ago
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