Without specifics, a goal isn't very_____. motivating accurate needed useful

Suppose the production function in an economy is Y = K0.5L0.5, where K is the amount of capital and L is the amount of labor. Th

maw [93]

Answer:

Therefore new level of output = (64x0.5)*(64.0.5) = 1,024

Explanation:

Suppose the production function in an economy is Y = K0.5L0.5,

where K is the amount of capital and

L is the amount of labor.

The economy begins with 64 units of capital and 16 units of labor.

If a sudden immigration quadruples the size of the population, while the capital stock is unchanged, what is the new level of output?

K remains 64 and L= 16 x 4 = 64

Therefore new level of output = (64x0.5)*(64.0.5) = 1,024

What is the new wage and rental price of capital?

The rental price for capital is expected to remain unchanged because there is no change in the quantity of capital But the wage level is expected to drop because of excess supply due to the immigration boom.

What share of output does labor receive now?

The function remains unchanged in proportion which is 0.5 but in absolute figures it will receive 0.5*1,024 = 512

5 0

3 years ago

Jay received the following fair market value amounts during the current year: Interest on Montgomery County bonds (used to build

UNO [17]

Answer:

$300

Explanation:

Given that :

Jay received the following fair market value amounts during the current year:

Interest on Montgomery County bonds

(used to build a bridge) $100

Interest on U.S. Treasury notes $200

Gain on sale of Montgomery County bonds $300

Common stock dividend in IBM Corporation

- common stock (no cash option) $400

From the above amounts that Jay received during the current year;

The following are free from an obligation and liability imposed as a result of tax.

1. Interest on Montgomery County bonds (used to build a bridge)

2. Interest on U.S. Treasury notes

3. Common stock dividend in IBM Corporation common stock (no cash option)

So; we can say they are not taxable

BUT only Gain on sale of Montgomery County bonds which is $300 only taxable

Thus, The amount of taxable income Jay should report from the above amounts is $300

6 0

3 years ago

Does the richest person in the world face the problem of scarcity?

Morgarella [4.7K]

Answer:Yes, because even if you have money you will never be able to satisfy all of your wants and must therefore make choices.

Explanation:

Economists say our "want " exceeds our "have" nomatter what the state of economy we find ourselves in but what we want always exceed what we have.

We may accumulate the greatest riches of this world but still we may even desire and want to buy another planet hypothetically speaking.

We are always craving for more than what we have no matter how large or huge what we have is but still our hearts yearns for more than that.

The more wealth we accumulate the more our desires increase because we keep wanting the next thing that is better than what we already have.

4 0

3 years ago

MalChop Inc., an air transport service company, announced that its new project would be delayed due to technical problems at var

masya89 [10]

Answer:

using headings

Explanation:

Headings can be used to emphasize key points in written communication such as in memos. In busy organisations where staff might not have time to read the entire text, headings can be used to indicate key points which members will easily pick up as they quickly scan through the text . Such a written communication strategy can be adopted by Daren at MalChop Inc.

7 0

2 years ago

Read 2 more answers

A) You have just moved into a new apartment and are trying to arrange your bedroom. You would like to move your dresser of weigh

notsponge [240]

Answer:

A. W = 0joule

B.W = d * w * cos (90 -ø)

Explanation:

work done is force multiplied by distance since the distance covered by the dresser is zero so automatically work done in moving the dresser is 0 (zero)

B. The component of weight of box along the inclined plane = w * cos ( 90 - ø )

Where ø is the angle of inclination to the horizontal

W = weight of body due to gravity.

Since the distance traveled by box due to gravity = d

So therefore:

W = d * w * cos (90 -ø)

W = work done

N.b

See attached sketch for comprehension

4 0

3 years ago