Consider a country in which capital per hour of work from 1950 to 1973 grew by 3 percent per year and output per hour of work grew by about 3 percent per year. Suppose that from 1973 to 1991, capital per hour of work did not grow at all and output per hour of work grow by about 1...
A survey of vegetable gardeners showed the following: 63 grew tomatoes 26 grew cucumbers 38 grew zucchini 18 grew both tomatoes and cucumbers 22 grew both tomatoes and zucchini19 grew both cucumbers and zucchini14 grew all three types 18 grew none of these thr...
a survvey of vegetable gardeners showed the following: 69 grew tomatoes25 grew cucumbers 30 grew zucchini18 grew both tomatoes and cucumbers21 grew both tomatoes and zucchini14 grew both cucumber and zucchini12 grew all 312 had none of these1. how many grew only cucumbers2. how m...
Scenario: Country X and Country Y production amount of physical capital stock available to each country is also equal. However, the labor supply for Country X is Ho while the labor supply for Country Y is Hy identical aggregate production functions as shown in the figure bel...
I am getting thrown off by absolute advantage:Boston: Red Socks per worker per hour 3White Socks per worker per hour 3Chicago:Red Socks per worker per hour 2White Socks per worker per hour 1A) Without trade, what is the price of white socks (in terms of red socks) in Boston? Wha...
A labor analyst once argued:If you worked 2,000 hours last year at a wage of $10 per hour and produced 10,000 units of output, your output per hour is 5 units – total output divided by total hours worked. If you average six units an hour this year, your productivity (output per...
please hekp and show work! other? Explain. 2. The domestic conditions for the lead-acid batteries for country A and country B are as follows: Country A: P 3600-0.040 Country B: P 1300-0.012Q P 400 + 0.04Q P = 100 + 0.012Q 1) Suppose country A and country B engage in free trad...
What is the rule if the input number is 32 and the output is 5input number is 40 and the output is 6 input number is 48 and the output is 7input number is 56 and the output is 8input number is 64 and the output is 9
If y = k^1/2, the country saves 20 percent of its output each year, and the steady state level of capital per worker is 25, then the steady state levels of investment per worker and consumption per worker are?
Supposed that a firm's daily output is Q = 1.5L^0.76 K^0.24Q = Daily outputL = number of workersK = number of machines used per dayPrice per output = $10If wages of a worker is $30 a day, how many workers(L) per unit of output should the firm hire? Here's what I did, to optimize...
Compute the present value of $3,000 paid in four years using the following discount rates: 3 percent in year 1, 4 percent in year 2, 5 percent in year 3, and 6 percent in year 4
I am stuck on Appendix B in psy/230 I am to find the five major concepts or events in three history periods 1930- 1950 I chose tit theory humanistic thoery cognitive theories learning theories and cognitiv/cosil leraning then 1950-1970 ther three factor model extraversion, measui...
The table to the right shows the results of a survey in which 2552 adults from Country A, 1109 adults from Country B, and 1055 adults from Country C were asked if they believe climate change poses a large threat to the world. Complete parts (a), (b), and (c). (a) Determine w...
Targaryen Corporation has a target capital structure of 70 percent common stock, 5 percent preferred stock, and 25 percent debt. Its cost of equity is 11 percent, the cost of preferred stock is 5 percent, and the pretax cost of debt is 6 percent. The relevant tax rate is 23 perc...
input X if (0 <= X and X < 49) output "you fail" else if (50 <= X and X < 70) output "your grade is" X output "you did OK" else if (70 <= X and X < 85) output "your grade is" X output "you did well"...