Examlex
Assume that the production function is given by Y = AK0.5L0.5, where Y is GDP, K is capital stock, and L is labor. The parameter A is equal to 10. Assume also that capital is 100, labor is 400, and both capital and labor are paid for their marginal products. a. What is ?
b. What is the real wage of labor?
c. What is the real rental price of capital (the amount of output paid per unit of capital)?
Environmental Risk
The potential for environmental damage or degradation resulting from a project or activity, impacting ecosystems, biodiversity, or human health.
Eliminating Risk
The process or strategy of removing potential hazards or uncertainties that could negatively impact a project or operation.
Structured Analysis
A methodology used in software engineering for converting business requirements into technical specifications.
Allocated Evenly
The process of distributing resources or items equally across multiple areas or entities.
Q9: If the Fed has discretion to choose
Q13: The real interest rates and real exchanges
Q38: If the number of employed increases while
Q56: An example of increasing returns to scale
Q68: In recent U.S. experience, inflation has:<br>A) been
Q77: Although "inflation is always and everywhere a
Q84: Central-bank independence refers to:<br>A) whether central banks
Q94: The asset price that experienced a boom
Q118: If the monetary base equals $400 billion
Q121: Government transfer payments:<br>A) are included as part