Suppose Y = K¹/²,total Factor Productivity Is Constant and Equal

question 38

Multiple Choice

Suppose y = k¹/²,total factor productivity is constant and equal to 1,s = 0.40,and d = 0.10.When the economy reaches the steady state,the capital-labour ratio is ________ of capital per worker.

• A) $2
• B) $4
• C) $8
• D) $16

Understand how to effectively communicate interest in a job position through professional documents.

Realize the value of different employment strategies for gaining relevant experience.

Comprehend the concept of corporate culture and its components.

Grasp the significance of employee benefits, including tax-related aspects.

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Definitions:

Income Statement

An income statement is a financial statement that reports a company's financial performance over a specific accounting period, detailing revenues and expenses to show net profit or loss.

Net Realizable Value

The estimated selling price of an item in the ordinary course of business minus any costs associated with the sale or disposal of the item.

Allowance for Doubtful Accounts

A contra-asset account used to estimate the portion of a company's accounts receivable that may not be collectible.

Gross Accounts Receivable

The total amount owed by customers to a business for goods or services provided without deducting any allowance for doubtful accounts.