Business, 20.08.2019 17:10 macybarham
Countries x and z produce a composite output y by employing two factors labor (n) and capital (k), when the given state of technology is a. the production function of y is upper y equals startroot left parenthesis upper k right parenthesis left parenthesis an right parenthesis endrooty=(k)(an) in a particular year, country x's growth rate of output per worker is 2.52.5%, growth rate of employment is 22%, and growth rate of capital is 1.51.5%. in the same year, country z's growth rate of output per worker is 77%, growth rate of employment is 11%, and growth rate of capital is 88%. what is the growth rate of technological progress for the two countries? (round your responses to two decimal places.) country x: gax = nothing% country z: gaz = nothing% given the above information, which combinations of the following statements are true? a) country x and country z are investing heavily in innovation and r& d. b) country x has achieved its balanced growth path. c) country z could be using a combination of heavy capital formation and import of technology. d) country z has a higher standard of living than country x. a. a, b and c b. c and d c. a and d d. b and c
Answers: 1
Business, 22.06.2019 10:50
Jen left a job paying $75,000 per year to start her own florist shop in a building she owns. the market value of the building is $120,000. she pays $35,000 per year for flowers and other supplies, and has a bank account that pays 5 percent interest. what is the economic cost of jen's business?
Answers: 3
Business, 22.06.2019 21:30
Which is cheaper: eating out or dining in? the mean cost of a flank steak, broccoli, and rice bought at the grocery store is $13.04 (money.msn website, november 7, 2012). a sample of 100 neighborhood restaurants showed a mean price of $12.75 and a standard deviation of $2 for a comparable restaurant meal. a. develop appropriate hypotheses for a test to determine whether the sample data support the conclusion that the mean cost of a restaurant meal is less than fixing a comparable meal at home. b. using the sample from the 100 restaurants, what is the p-value? c. at a = .05, what is your conclusion? d. repeat the preceding hypothesis test using the critical value approach
Answers: 3
Business, 22.06.2019 23:40
Gif the federal reserve did not regulate fiscal policy, monitor banks and provide services for banks, what would most likely be the economic conditions to transact business in the u.s.? the economy would primarily be based on a barter system rather than a fiat system. there would be no discrimination in lending by local banks. the economy would be less efficient and transactions most likely more costly.
Answers: 1
Countries x and z produce a composite output y by employing two factors labor (n) and capital (k), w...
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