Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Microeconomics Expert

Assume that total output is determined by the formula: number of workers × productivity = total output (output per worker) If an economy's productivity increases by 5 percent but the number of workers declines by 3 percent a year, how will the output change per year? (Round to hundredth percent)

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M9467470
  • Price:- $12

Guranteed 24 Hours Delivery, In Price:- $12

Have any Question?


Related Questions in Microeconomics

Question - under the principle of insurance the

Question - Under the principle of insurance, the compensation that is provided is for the losses resulted from the risk existed previously. In some circumstances, for example natural disaster, not all losses could be cla ...

Question identify two key strategic decisions made by your

Question: Identify two key strategic decisions made by your current team, department, or organization. How could those decisions have been enhanced by optimization models? Support your rationale with evidence from readin ...

Question phillips curve a if the equation for a countrys

Question: Phillips Curve: a) If the equation for a country's Phillips curve is p = 0.03 - 0.25(u - 0.05), where p is the rate of inflation and u is the unemployment rate, what is the short-run inflation rate when unemplo ...

Question the head of the accounting department at a major

Question: The head of the accounting department at a major software manufacturer has asked you to put together a pro forma statement of the company's value under several possible growth scenarios and the assumption that ...

Question - you just found out that you have 83886 in a

Question - You just found out that you have $838.86 in a savings account. Your uncle opened the account in your name exactly 6 years ago, and deposited $X in the account. Then he put in another $85 three years after open ...

Question suppose the value of the japanese yen rises 20 but

Question: Suppose the value of the Japanese yen rises 20%, but in order to maintain market share in the US, major Japanese companies decide not to raise the prices. As a result, their imports do not change, but profits o ...

Question 1 what is the expenditures approach to measuring

Question: 1. What is the expenditures approach to measuring GDP? Give the equation and tell me what each symbol stands for. Give an example and a determinant for each. 2. Draw a Production Possibilities (PPC/PPF) graph a ...

Question suppose the quantity demanded of ski boats falls

Question: Suppose the quantity demanded of ski boats falls from 4.0 million to 3.0 million. What is the percentage change in quantity demanded using the midpoint formula? The response must be typed, single spaced, must b ...

Question a daily production function for yo-yos is q i2l12

Question: A daily production function for yo-yo's is Q = I2L^1/2 + 8K^1/2. Show all your work for the following questions. (Use calculus for this problem where relevant: delta Q/delta L^-1/2 and delta Q/delta K = 4K^-1/2 ...

Question describe the main goals of the federal reserve

Question: Describe the main goals of the Federal Reserve. What happens when these goals come into conflict? Explain how the Fed would decide if lower inflation is more important than lower unemployment? Would this decisi ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As