Use the production function of the hypothetical economy 1000 represented in the graph to answer the questions. 900 - 800 - Y = f{K) What is the steady-state level of output? 700- 600 - 500 – Depreciation steady-state level of output: units 400 - 300 - Investment 200 - 100 - 100 200 300 400 500 600 700 800 900 1000 Capital (K) Output (Y)
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- Question: Suppose that the marginal cost of extracting a non-renewable natural resource is MXC(Q) = 10 and the marginal beneÖt of using the resource are MB(Q) = 90Q. In the context of a static model, address the following question: Calculate the efficient value of Q if the total stock of the natural resource is Q = 50: Provide a graphical representation of the solution. My Note: This is my first time resubmitting, I was told to confirm that MXC(Q) =10 is the correct form of the Marginal cost of extraction to answer this question correctly. I'm not sure but this is the way my professor asked his question.Hello I need help to find the answer for my econ 101 hw for a question as follows: Assume that the production function for a country is given by ?=√K and annual investment is given by the function ?=?×? where γ=0.270, and that the yearly depreciation rate is 4.50%. Suppose that this year, the output in the country is 1, and a neighbor country's output is 50% higher. Calculate the time it would take for the country's output to catch up with its neighbor's output. Assume the neighbor country's economy is neither growing nor shrinking. I will be also attaching the original problem for your reference as I just need to find the time that it would take the country's output to catch up with its neighbor's output. Thank You and please refer to the image to further assist with the question that I want answered.Principles of Macroeconomics "T1301102" Student name: First Exam- PART2, 13/0372021 St # Question (20 points) Refer to the table below, answer the questions that follow: Personal consumption expenditures Government purchases- Net private domestic investment Exports Imports Depreciation Receipts of factor income from the rest of the world Payments of factor income to the rest of the world 600 100 200 50 -60 40 30 50 1 The value for GDP is 2. The value for GNPIS 3. The value for NNP is 4. The value of NI is (30 points) Question 2 A- Discuss therelationship between ourput, unemployment, & inflation.
- Using the law of motion for physical capital accumulation (K), what is the amount of capital for the next period if the amount of physical capital today is 20 and Investment is 15 (Assume a depreciation rate of 10%) a) 23 b) 33 c) 34 d) 35 3- Using the law of motion for physical capital accumulation (K), what is the steady state level of capital when investment is 10? (Assume a depreciation rate of 10% and remember that physical capital is constant at the steady state) a) 100 b) 50 c) 120 d) 123 4- What is the key difference between catching up growth and cutting edge growth? a) Cutting edge growth is based on capital accumulation while catching up growth is based on technological advances b) Cutting edge growth is based exclusively on natural resources unique to every country c) Cutting edge growth is based on innovation, new ideas. Catching up growth is based on physical capital accumulation d) None of the above(1.4) Consider the following IS-LM model: I Y=C+I+G C=100+0.4(Y-T) I= 150 +0.2Y - 4,000r r = 0.01 with G = 200 and T = 100. (a) Derive the IS curve and draw it in an appropriate diagram. (b) Calculate the equilibrium values of Y, C, I and r. (c) What is the impact of decreasing government spending to G' = 180 in terms of the new equilibrium value Y"? (d) Suppose the central bank decides it wants to counteract the restrictive fiscal policy. What exactly (i.e. we look for graphical and numerical answers) can the central bank do in order to keep equilibrium output at the value obtained for Y in (b)?The saving rate is 30% and the depreciation rate is 10%. The production function of the economy is given as: Y = K05 L05 What is the steady state level of capital? Answer Choices: a. 9 units b. 10 units c. 11 units d. 12 units
- Final output in the economy is pro- duced using capital K and labor L. The production function is: Y = ĀK/ L^/5 Assume that the supply of all inputs are exogenous and equal to L and K. Perfectly compet- itive firms are price-takers and choose how much capital and labor to demand by maximizing profits. Let w and r denote the wage and rental rate of one unit of labor and capital respec- tively.QUESTION 6 The table below represents national macroeconomic data for Year 1 and Year 2. Year Y K N 1 4000 1500 X 2 4200 1500 y Where x = 109 and y=196. Suppose that the production function is given by y- AK0.3N0.7. What is the value of TFP in year 1?In a Malthusian model the production function is described in the following form: Y-6LN00 where Lis the quantity of land and N is the quantity it labour employed. Population growth depends on per capita consumption as N/N-04(C/Nya.1, Calculate the steady state value of consumption.
- How does the National Bureau of Economic Research (NBER), set the recession, peak and trough dates in the U.S. and what data is used as input?where The total fresh vegetables consumed per person per year can be modeled by V(t) = 0.5(t-4)²-3 V(t) is the total fresh vegetables consumed per person in pounds per year t years since 1999. In 2009, what is the total fresh vegetables consumed per person will be? {final answer will be number only}.i need help with this question 1 from my macroeconmics assigments. i have already gotten it wrong twice.