subject
Business, 28.01.2020 04:31 sarahelrod9

Consider the economies of sporon and tralfamadore, both of which produce glops of gloop using only tools and workers. suppose that, during the course of 40 years, the level of physical capital per worker rises by 5 tools per worker in each economy, but the size of each labor force remains the same. complete the following tables by entering productivity (in terms of output per worker) for each economy in 2020 and 2060.year sporonphysical capital labor force output productivity(tools per worker) (workers) (glops of gloop) (glops per worker)2020 11 30 1,800 16 30 2,160 tralfamadorephysical capital labor force output productivity(tools per worker) (workers) (glops of gloop) (glops per worker)2020 8 30 900 13 30 1,620 , the number of tools per worker was higher in sporon than in tralfamadore. from 2020 to 2060, capital per worker rises by 5 units in each country. the 5-unit change in capital per worker causes productivity in sporon to rise by a ( larger, smaller) amount than productivity in tralfamadore. this illustrates the concept of (increasing returns, constant returns, inward- oriented growth, the brain dain, diminishing returns), which makes it (more difficult, easier) for countries with low output to catch up to those with higher output.

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 08:00
Lavage rapide is a canadian company that owns and operates a large automatic car wash facility near montreal. the following table provides data concerning the company’s costs: fixed cost per month cost per car washed cleaning supplies $ 0.70 electricity $ 1,400 $ 0.07 maintenance $ 0.15 wages and salaries $ 4,900 $ 0.30 depreciation $ 8,300 rent $ 1,900 administrative expenses $ 1,400 $ 0.03 for example, electricity costs are $1,400 per month plus $0.07 per car washed. the company expects to wash 8,000 cars in august and to collect an average of $6.50 per car washed. the actual operating results for august appear below. lavage rapide income statement for the month ended august 31 actual cars washed 8,100 revenue $ 54,100 expenses: cleaning supplies 6,100 electricity 1,930 maintenance 1,440 wages and salaries 7,660 depreciation 8,300 rent 2,100 administrative expenses 1,540 total expense 29,070 net operating income $ 25,030 required: calculate the company's revenue and spending variances for august.
Answers: 3
question
Business, 22.06.2019 09:30
Stock market crashes happen when the value of most of the stocks in the stock market increase at the same time. question 10 options: true false
Answers: 1
question
Business, 22.06.2019 12:40
Kumar consulting operates several stock investment portfolios that are used by firms for investment of pension plan assets. last year, one portfolio had a realized return of 12.6 percent and a beta coefficient of 1.15. the average t-bond rate was 7 percent and the realized rate of return on the s& p 500 was 12 percent. what was the portfolio's alpha?
Answers: 1
question
Business, 22.06.2019 16:30
Why is investing in a mutual fund less risky than investing in a particular company’s stock?
Answers: 3
You know the right answer?
Consider the economies of sporon and tralfamadore, both of which produce glops of gloop using only t...
Questions