The following are types of rework except:_______

Question 6 you are part of a group making a decision about whether it is appropriate to discontinue research on a new drug. this

Mila [183]

Such a person would be making an intuitive decision.

8 0

3 years ago

You are asked to make comparisons of two pairs of countries. The first pair are the Latin American countries of Chile and Argent

aleksklad [387]

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:

Part a:

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

$y=k^{\alpha}=f(k)$

Also the steady state path is given as

$sf(k)=(s+n)k\\\frac{s}{s+n}=\frac{k^*}{f(k^*)}\\\frac{s}{s+n}=\frac{k^*^{\alpha-1}}{k^*}\\\frac{s}{s+n}={k^*^{\alpha-2}}$

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.

Part b:

In Simple Solow Model, the steady state per Capita GDP, $y^*$ is the function of the steady state per capita capital stock given as $k^*$

Now this indicates that

$y^*=f(k^*)$

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.

6 0

3 years ago

Read 2 more answers

Rocky Mountain Corporation makes two types of hiking boots—Xactive and Pathbreaker. Data concerning these two product lines appe

insens350 [35]

Answer:

Results are below.

Explanation:

First, we need to calculate the predetermined overhead rate:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 1,634,000 / 86,000

Predetermined manufacturing overhead rate= $19 per direct labor hour

Now, we can allocate overhead to each unitary product:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Xactive= 19*1.4= $26.6

Pathbreaker= 19*1= $19

Finally, the unitary cost of each product:

Xactive= 63.8 + 17.2 + 26.6= $107.6

Pathbreaker= 50 + 12 + 19= $81

6 0

3 years ago

Venus Company sold goods, with a selling price of $ 14,221, for cash. The state sales tax rate is 8%. What amount is credited

Verdich [7]

Answer:

$ 14,221

Explanation:

Data provided in the question :

Selling price of the good = $ 14,221

State sales tax rate = 8 %

now,

the sales tax on the goods sold = 8% of $ 14,221

or

the sales tax on the goods sold = 0.08 × $ 14,221 = $ 1,137.68

therefore,

The total cash received = Selling price + sales tax on the

or

The total cash received = $ 14,221 + $ 1,137.68 = $ 15,358.68

now the received tax goes to the state i.e $ 1,137.68

Therefore,

the net sales revenue credited to the account

= total cash received - sales tax on the goods sold

or

the net sales revenue credited to the account = $ 15,358.68 - $ 1,137.68

or

the net sales revenue credited to the account = $ 14,221

3 0

3 years ago

On january 1, 2016, mr. bravo formed a new corporate (bravo unlimited) by investing $12,000 cash in capital stock. prepare the g

dusya [7]

The general journal entry of Mr. bravo that formed a new corporate that he names it Bravo Unlimited,
On january 1, 2016
Debit Cash for 12,000 and credit capital stock for 12,000
And it will balance for the amount of 12,000 on january 1, 2016
1/1/16 Cash 12,000
Capital Stock 12,000

7 0

3 years ago

The following are types of rework except:________