If the Per-Worker Production Function Is Given by Y =

question 8

Multiple Choice

If the per-worker production function is given by y = k1/2, the saving ratio is 0.3, and the depreciation rate is 0.1, then the steady-state ratio of capital to labor is:

• A)1.
• B)2.
• C)4.
• D)9.

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Definitions:

Dosage

The size or frequency of a dose of a medicine or drug that has been recommended.

Placebo

A compound that lacks any medicinal benefits, employed as a control when evaluating novel medications.

Experimental Drug

A pharmaceutical compound undergoing clinical trials to assess its safety and efficacy before it can be approved for general use.

Glucosamine

A natural compound found in cartilage, often used as a dietary supplement to treat joint pain and conditions such as osteoarthritis.