show workHomework Answers
Y = AN(75 + KN)
Y = 10 x 20 (75 + 1000 / 20)
Y = 200 (75 + 50)
Y = 15000 + 10,000
Y = 25,000.
If K and N doubles then Y = 10 x 40 ( 75 + 2000 / 40).
400 (75 + 50)
= 30,000 + 20,000
= 50,000.
the answer is "C" Y doubles.
SHOW WORK 3) Suppose the economy's production function is Y AK03 No7. IfK 2000, N 100,...
SHOW WORK
3) Suppose the economy's production function is Y AK03 No7. IfK 2000, N 100, and A- 1, ten Y-246. If K and N both rise by 20%, and A is unchanged, by how much does Y increase? A) 5% B) 1090 C) 1590 3 A 0 20%
6) Consider a closed economy described by the following equations: (1) Y=C+I+G (2) Y = 5(K)S(L)05...
6) Consider a closed economy described by the following equations: (1) Y=C+I+G (2) Y = 5(K)S(L)05 (3) K = 1600 (4) L = 1600 (5) G = 2500 (6) T = 2000 (7) C = 1000 + 2/3 (Y-T) (8) I= 1200 - 100r, where r is the real interest rate. a) What is the equilibrium level of income? Show your work. b) Solve for the equilibrium interest rate (r) and the level of investment (I). The interest rate will...
As a skater spreads her mass out, her rotational speed a) increases b) decreases c) remains...
As a skater spreads her mass out, her rotational speed a) increases b) decreases c) remains the same If the distance between two planets doubles, the gravitational attraction between them a) doubles b) stays the same c) halves d) quarters If the radius of a satellites orbit doubles, its period a) increases by 1.4 b) doubles c) increases times 2.8 d) quadruples If the mass bouncing on a spring doubles, the period of the bounce a) doubles b) increases times...
Suppose the production function is given by ? = ?^a?'^1-a, where Y is output; K is...
Suppose the production function is given by ? = ?^a?'^1-a, where Y is output; K is capital stock and N is Labor (look Appendix in Chapter 16). a. Is this production function characterized by constant return to scale? How? Show the work. b. Write this production function as a relationship between output per worker and capital per worker. c. If saving (S) equals investment (I), and S = sY, where s is saving rate, what is the corresponding investment per...
Problem 4 Consider a country with production function , where y = 5k1/2, where y is...
Problem 4
Consider a country with production function , where y =
5k1/2, where y is the output per worker and k is capital
per worker. Suppose the investment in capital occurs at a rate of
35% of income per worker every period, depreciation rate is 1.5%
and population growth rate is 2%. Use excel to plot the production
function, investment line and capital depletion line with k on the
x-axis(use the attached spread sheet to draw your graphs).
-attached...
True or False In 900 K there is lower quality of energy (useful energy) than in...
True or False In 900 K there is lower quality of energy (useful energy) than in 300 J of work. A thermodynamic motor absorbs energy from a hot tank and converts a percentage of it into work. Choose the best answer 1. If the volume of an ideal gas doubles while its temperature quadruples, the pressure ... A. stays the same. C. decreases by half. B. increases by a factor of 4. D. doubles. 2. If the radius of a...
show work 5) How many people are unemployed if the employment ratio is 75%, there are...
show work
5) How many people are unemployed if the employment ratio is 75%, there are 90 million people 5) employed, and there are 20 million people not in the labor force? A) 5 million B) 15 million C) 10 million D) 20 million E) 0 million
Consider a numerical example using the Solow growth model: Given the production technology as Y=F(K,N)=K^0.5 N^0.5,...
Consider a numerical example using the Solow growth model: Given the production technology as Y=F(K,N)=K^0.5 N^0.5, the capital per worker, k=K/N, evolves by (1+n)k’=szf(k)+(1-d)k. Suppose that d=0.1, s=0.2, n=0 and z=1. (a) Determine the capital per worker(K/N), income per worker(Y/N), and consumption per worker(C/N) in the steady state. (b) Suppose that z increases into 2. Determine the new steady state. What happens in the capital per worker(K/N), income per worker(Y/N), and consumption per worker(C/N) and why?
If pA = $10, PB = $5,Y = $75, where p is the price of a...
If pA = $10, PB = $5,Y = $75, where p is the price of a good, A and B are goods, and Y is income. Given that the utility function is U = 25A2B, determine the optimal bundle of x and yfor this consumer. Be sure to show your work and box your answers. a) Solve for the marginal utility of A and the marginal utility of B b) Solve for the relationship (trade-off) between A and B c)...
Show all work. Assume k = 8.99 x 10^9 N m^2/C^2. In the x-y plane, a...
Show all work. Assume k = 8.99 x 10^9 N m^2/C^2. In the x-y plane, a point object with electric charge 3.03 mC and mass 9.450 grams in traveling in the +x direction with a constant speed of 12.6 ms^-1. At x=0, it enters a region where the electric field is in the direction of the +y axis and has constant strength of 2.59x10^3 N C^-1. After 16 seconds in this region, what is the magnitude and direction of the...
SHOW WORK
3) Suppose the economy's production function is Y AK03 No7. IfK 2000, N 100, and A- 1, ten Y-246. If K and N both rise by 20%, and A is unchanged, by how much does Y increase? A) 5% B) 1090 C) 1590 3 A 0 20%
6) Consider a closed economy described by the following equations: (1) Y=C+I+G (2) Y = 5(K)S(L)05 (3) K = 1600 (4) L = 1600 (5) G = 2500 (6) T = 2000 (7) C = 1000 + 2/3 (Y-T) (8) I= 1200 - 100r, where r is the real interest rate. a) What is the equilibrium level of income? Show your work. b) Solve for the equilibrium interest rate (r) and the level of investment (I). The interest rate will...
As a skater spreads her mass out, her rotational speed a) increases b) decreases c) remains the same If the distance between two planets doubles, the gravitational attraction between them a) doubles b) stays the same c) halves d) quarters If the radius of a satellites orbit doubles, its period a) increases by 1.4 b) doubles c) increases times 2.8 d) quadruples If the mass bouncing on a spring doubles, the period of the bounce a) doubles b) increases times...
Problem 4
Consider a country with production function , where y =
5k1/2, where y is the output per worker and k is capital
per worker. Suppose the investment in capital occurs at a rate of
35% of income per worker every period, depreciation rate is 1.5%
and population growth rate is 2%. Use excel to plot the production
function, investment line and capital depletion line with k on the
x-axis(use the attached spread sheet to draw your graphs).
-attached...
show work
5) How many people are unemployed if the employment ratio is 75%, there are 90 million people 5) employed, and there are 20 million people not in the labor force? A) 5 million B) 15 million C) 10 million D) 20 million E) 0 million
If pA = $10, PB = $5,Y = $75, where p is the price of a good, A and B are goods, and Y is income. Given that the utility function is U = 25A2B, determine the optimal bundle of x and yfor this consumer. Be sure to show your work and box your answers. a) Solve for the marginal utility of A and the marginal utility of B b) Solve for the relationship (trade-off) between A and B c)...
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