Business, 05.03.2020 23:01 asdf2342

Assume that the production function is given by Y = A K .4 L .6 Where Y = National Income = GDP, K = 100, L= 400 and A = 10. Assume that both capital (K) and labor (L) are paid their marginal products. a. What is National Income (Y)? b. Derive the equation for the marginal product of labor (MPL). c. What is the numerical value of the real wage rate? d. Derive the equation for the marginal product of capital (MPK). What is the numerical value of the real rental price of capital? e. Calculate total labor income and what share of output does this represent? f. Calculate total capital income and what share of output does this represent?

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 02:30

Acompany using the perpetual inventory system purchased inventory worth $540,000 on account with credit terms of 2/15, n/45. defective inventory of $40,000 was returned 2 days later, and the accounts were appropriately adjusted. if the company paid the invoice 20 days later, the journal entry to record the payment would be

Answers: 1

Answer

Business, 22.06.2019 08:50

Dyed-denim corporation is seeking to lower the costs of value creation and achieve a low-cost position. as a result, it plans to move its manufacturing plant from the u.s. to thailand, which based on company research, is the optimal location for production. this strategic move will most likely allow the company to realize

Answers: 3

Answer

Business, 22.06.2019 21:50

Search engines generate revenue through pay-per-click (each time a user clicks a link to a retailer’s website); pay-per-call (each time a user clicks a link that takes the user to an online agent waiting for a call); or pay-per-conversion (each time a website visitor is converted to a customer)

Answers: 3

Answer

Business, 23.06.2019 14:40

Baylaine is a company that sells affordable, low-end cell phones. baylaine's customers can register product or service complaints with the company through emails; the company's customer support team replies to customer queries and complaints within five hours of the receipt of an email. in the context of customer relationship management, baylaine most likely establishes with its customers.

Answers: 3

Answer

You know the right answer?

Assume that the production function is given by Y = A K .4 L .6 Where Y = National Income = GDP, K =...

Questions