Consider a numerical example using the Solow growth model. Suppose that F(K, N) = K^0.5 N^0.5, with delta = 0.1, s = 0.2, n = 1.01, and z = 1, and take a period to be a year. Determine capital per worker, income per capita, and consumption per capita in the steady state. Now, suppose that the economy is initially in the steady state that you calculated in part (a). Then, s increases to 0.4. Determine capital per worker, income per capita, and consumption per capita in each of the 10 years following the increase in the savings rate. Determine capital per worker, income per capita, and consumption per capita in the new steady state. Discuss the speed of adjustments to the new steady state after the change in the savings rate and the paths followed by capital per worker, income per capita, and consumption per capita. What are the golden rule quantity of capital per worker and savings rate?

Tandard product costs deerfield company manufactures product m in its factory. production of m requires 2 pounds of material p, costing $4 per pound and 0.5 hour of direct labor costing, $10 per hour. the variable overhead rate is $8 per direct labor hour, and the fixed overhead rate is $12 per direct labor hour. what is the standard product cost for product m? direct material answer direct labor answer variable overhead answer fixed overhead answer standard product cost per unit answer

Which of the following statements is correct? large corporations are taxed more favorably than sole proprietorships. corporate stockholders are exposed to unlimited liability. due to limited liability, unlimited lives, and ease of ownership transfer, the vast majority of u.s. businesses (in terms of number of businesses) are organized as corporations. most businesses (by number and total dollar sales) are organized as partnerships or proprietorships because it is easier to set up and operate in one of these forms rather than as a corporation. however, if the business gets very large, it becomes advantageous to convert to a corporation, mainly because corporations have important tax advantages over proprietorships and partnerships. most business (measured by dollar sales) is conducted by corporations in spite of large corporations’ often less favorable tax treatment, due to legal considerations related to ownership transfers and limited liability.

Select the correct text in the passage.which sentences in the given passage explains the limitations of monetary policies? monetary policies - limitationsmonetary policies are set by the central bank to bring about growth in the economy.de can be achieved these policiesw at anden i sca poit would be fair to say that changes in the economy cannot be brought about instantly by monetary po des.monetary policy can only influence not control, economic growththe monetary policy makers do work on sining the perfect balance between demand and supply of money in the economy