Answer:
oh I didn't even know it was lol but thanks for them
<u>Answer:
</u>
Out of the following positions, the position of the factory supervisor would have a salary or wage that is classified as a factory overhead cost by a baking company.
<u>Explanation:
</u>
- For a baking factory, professionals like a baker, a salesman, or the president of the company are mandatory to have.
- The need for a factory supervisor arises only if it is devised or felt that the employees would not work properly if they are not monitored.
- If such a need is not felt anymore, the salary of the factory supervisor would be considered as an overhead cost by the company.
Answer:
Part a: According to Solow model higher per capita real GDP will be in Chile because of its highest saving rate.
Part b: The per capita capital stock or the labour ratio is the primary factor for these differences in the simple Solow model.
Explanation:
<em>Part a:</em>
According to Solow model higher per capita real GDP will be in Chile because of its highest saving rate.
In Solow model the GDP per capita is defined as

Also the steady state path is given as

As all other parameters are same thus the country with higher value of s will have a higher per capita GDP.
According to the Solow model, higher saving rate means larger capital stock and high level of output at the steady state.
Higher saving rate leads to faster growth in Solow model. So there is higher per capita real GDP for the country that has higher saving rate.
<em>Part b:</em>
In Simple Solow Model, the steady state per Capita GDP,
is the function of the steady state per capita capital stock given as 
Now this indicates that

where f is an increasing concave function i.e. f'>0 and f''<0
Thus the sole dependence of per capita GDP is on per capita capital stock.
Thus the per capita capital stock or the labour ratio is the primary factor for these differences in the simple Solow model.