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ANEK [815]
2 years ago
10

Suppose physical capital per worker increased to $60,000 between 1990 and 2000, and output per worker increased by $45,000 over

the same time period. What percentage of productivity growth can be attributed to growth in total factor productivity
Business
1 answer:
Aloiza [94]2 years ago
4 0

Answer:

66.67%

Explanation:

We are told that the initial capital per worker is $30,000. Also, that the capital per worker eventually rises to $60,000. From both, we can calculate the change in capital per worker to be

(60,000 – 30,000). = $30,000

The change in output per worker is given to be $45,000. This then means that it's productivity growth attributed to growth in total factor productivity is will be follows:

Growth Rate = (Change in Input) / (Change in Output) x 100%

Growth Rate = 30,000 / 45,000 x 100

Growth Rate = 66.67%

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The decision-making process followed by consumers to maximize utility assumes that the consumer has a limited income, the consumer is able to rank their preferences, the consumer behaves rationally.
The term utility used by the economist as a measure of satisfaction, happiness, a joy of a person.

5 0
3 years ago
Bramble Corp. reported the following year-end information: beginning work in process inventory, $270000; cost of goods manufactu
docker41 [41]

Answer:

The correct answer is: Cost of goods sold=$844000

Explanation:

The cost of goods sold refers to the direct costs attributable to the production of the goods sold in a company. This amount includes the cost of the materials used in creating the goods along with the direct labor costs used to produce the goods. It excludes indirect expenses, such as distribution costs and sales force costs.

COGS=Beginning Inventory+Production during period−Ending Inventory

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8 0
3 years ago
How much would $100, growing at 5% per year, be worth after 75 years?a. $3,689.11b. $3,883.27c. $4,077.43d. $4,281.30e. $4,495.3
Radda [10]

Answer:

The correct answer is B.

Explanation:

Giving the following information:

How much would $100, growing at 5% per year, be worth after 75 years?

We need to use the following formula to calculate the final value.

FV= PV*(1+i)^n

FV= 100*(1+0.05)^75

FV= $3,883.27

6 0
3 years ago
Accounting professors earn more than English professors at most universities. Explain this with a supply and demand graph.
GenaCL600 [577]
I will assume here (since I don't have more information) that each school needs one English and one Accounting professor, but that more people are ready to teach English than accounting (this assumption might be wrong, but it's what  think)

therefore the supply is bigger for the English professors than for the Accounting professors -this means that the accounting professors can ask for bigger salary (the bigger the supply, the smaller the prize)

3 0
3 years ago
How did the invention of money as a medium of exchange affect the barter system?
sergiy2304 [10]

The barter system is a form of trading in which goods are exchanged directly for other goods without the use of money or as an intermediary, without a medium of exchange. The invention of money supplemented the barter system by providing a nonperishable medium of exchange.

4 0
3 years ago
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