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 percent...
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 three(a) How many grew only zucchini?(b) How many grew both cucumbers and zucchini, but not tomatoes?(c) How...
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 many grew both cucumbers and tomatoes but not zucchini3. how many grew only tomatoes4. how many...
Table 1: Output Gaps Time (Year.Quarter) Actual Output Potential Output 1966.01 3,812 4.928 3.573 1973.04 1975.04 1982.1 4.717 5,082 4,828 6,382 10,860 5,866 11.249 2000.04 2009.04 13,719 12,701 13,665 2012.1 14,505 Part 2 (40pts) Intuition and Applications 1. (20pts) This question contains two parts (a) (5pts) Table (1) displays the United States' potential and actual output for six select months...
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 hour) has increased twenty percent. Assuming the unit...
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? What is the price in Chicago?This is my answer to this...
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 below. The Output 0 H, H, Efficiency units of Labor 8) Refer to the...
5: Thinking aboút any biases you have regarding diversity (including gender, race, religion, age and economic status), discuss how you might demonstrate respect for individuals that you have "issues" with. 6. Discuss the role of assertiveness in effective professional communication. Discuss how a medical assistant can utilize the knowledge of the death and dying stages while interacting with patients. 7....
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
Output Output Input Output Output Input Input Output Input Which one of the graphs below could represent a total product curve with constant marginal returns? OC ОЕ О А The following table describes production at a local tea shop. What is the marginal product of the 3rd worker? Workers Per Day 0 2 Cups of Tea Per Day 0 75...
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, measuing of validity, trait basedvs situation basedapproaches then I began to loose track an have been...
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 trade based on their comparative advantage The world price...
The following table gives the number of students enrolled in Hands University from 1950 to 1990. 9. 1950|1955 | 1960 1965 | 1970 | 1975 | 1980 11985 199의 Year Students 3.50 4.25 4.80 6.27 7.32 7.91 8.569.24 9.51 (in hundreds) (8 pts) Find a logistic model for the data a) (3 pts) b) What is the limiting value from...
In 2018 countryX GDP grew by 3%. During the same period, the capital stock grew by 6% and the population decreased by 3%. By how much did total factor productivity grow in countryX for the same period?
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 cost, we use the equation marginal...
CountryCurrent real GDP/person Country A Country B Country C Country D $13 690 $15 468 $6 343 $1 098 Current Growth Rate 1.98% 2.03% 3.12% 0.61% Hints: See pp.137-138 in Chapter 7 of the course text book, along with TYU Problem 3 in the Chapter 7 Student Package. a] Which country is the richest? How do you know? b] Which...
1- Productivity is defined as: workers employed per hour. output sold per hour. output produced per worker. workers per unit of output. 2- A policy of attracting Foreign Direct Investment is always an effective approach to promoting economic growth. TRUE - FALSE
57. In a two-country world, if country A is the relatively labor-abundant and country B is the relatively capital-abundant country by the "price" definition of factor abundance and where w is the wage rate and r is the return to capital), then . When the countries move from autarky to Heckscher-Ohlin-type trade, the result will be that a. (w/r)A <...
In the figure, in which country do the lowest - Income 30 percent of thouseholds have O A Country A OB Country B OC. Country C OD. It is impossible to answer the question without me Country 10 30 30 30 30 70 80 100