Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Business Economics Expert

Computing the steady state values of the capital-labor ratio output for every employee also consumption for every employee.

An economy has the per worker production function

yt = 3Ki0.5

Here yt is out per worker and kt is the capital-labour ratio. The depreciation rate is 0.1.

Savings is given by

St = 0.3Yt

Where St is total national savings and Yt is total output.

a.What are the steady state values of the capital-labor ratio, output per worker and consumption per worker?

b. Repeat part (a) for a saving rate .4. Discuss the institutes for your findings about the effect of the higher savings rate.

c. Repeat part (a) for a production yt = 4Ki5. Discuss the initiation for your results.

 

 

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M921331

Have any Question? 


Related Questions in Business Economics

What is the nature of oligopolies what is the nature of

What is the nature of oligopolies? What is the nature of monopolies? What is the nature of monopolistic? What is the nature of pure competition? 600 Words................

Your job is to find out as much as possible about how or

Your job is to find out as much as possible about how (or could) Disney or other theme park’s prices their theme park tickets, options and discounts, i.e., what pricing models do they use? (Timesaver: Disney is not going ...

Should employers continue to carry the burden of providing

Should employers continue to carry the burden of providing healthcare benefits to employees or should the government institute a form of national health insurance instead? What difference might this make for the ability ...

The following is spending information for a given year in a

The following is spending information for a given year in a given country: Businesses spent $2800 on factories and equipment used in production Households spent $1500 on services Households spent $4000 on houses Governme ...

Use the economic way of thinking to answer three of the

Use the economic way of thinking to answer three of the following four questions. Be sure to answer each in at least two complete sentences. Provide page references to CSE and other learning materials when appropriate. W ...

Imagine that you are the owner of a day-care center and

Imagine that you are the owner of a day-care center and that parents consistently pick their children up late. Your clearly stated policy is that children are supposed to be picked up by 5:30 pm. This makes pick-up time ...

Bmw of colorado advertises on the radio that it has been

BMW of Colorado advertises on the radio that it has been owned and operated by the same family and in the same location for over 30 years. It then makes two claims: first, that is has lower overhead than other nearby aut ...

Connect andrew carneiges wealth and its issues and mother

Connect Andrew Carneige's Wealth and it's Issues and Mother Jones' March of the Mill Children to a larger theme or idea. How do these two documents relate to each other? Wealth and it's Issues talks about how Carneige be ...

Why is it important that prices are flexible in the economy

Why is it important that prices are flexible in the economy? Do you think government should be involved in manipulating prices?

Normal and inferior goods are differently impacted by

Normal and inferior goods are differently impacted by recessions. Examples include new cars versus fast food. The textbook examples include jewelry, gourmet pet food, dollar general stores. For this assignment, research ...

  • 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

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate