Answer:
What is the steady-state value of the capital-labor ratio, k?
k = 16
Explanation:
Suppose that an economy has the per-worker production function given as follows:
yt = 5kt^0.5
where y = output per worker
k = capital per worker
k = sy - (n+d)×k
0 = s(5k^0.5) - (0.10+0.15)×k
0 = 0.20(5k^0.5) - 0.25k
0.25k = k^0.5
k^0.5 = 1/0.25
k^0.5 = 4
k^1/2 = 4
Taking square of both of the sides:
(k^1/2)² = (4)²
k = 16
Answer:
The direct labor rate variance is negative 16,500
Explanation:
8,000 units at 2hours per unit = 16,000 hours x <em>$12 per hour</em> = $192,000 standart cost for the job
actual 15,000 hours and $196,200 total labor cost
labor cost per hour = 196,200/15,000 = <em>13.1 actual rate per hour</em>
( standar rate - actual rate ) x actual hours = rate variance
(12 - 13.1) x 15,000 = -1.1 x 15,000 = -16,500
Answer:
Answer = B
Explanation:
If nit many people want a product the seller would lower the price to make it seem like a bargain or make it more affordable
<span>The action in 2008 in which milk prices increased and one milk consumer stated that the reason he cut down on milk consumption is so that he could drive his car represents </span>movement along the demand curve for milk.
<span>Movement along the demand curve usually occurs when the manufacturer raises or lowers the price of the product.</span>
Answer:
Direct
Explanation:
In the era of globalization one can do business in any part of world. when one person does business by making investment in any country and belong to another country and control business from their country of origin it is called foreign direct investment.
