Suppose an economy described by the solow model has the following production function: y = k1/2(le)1/2.a. for this economy, what is f(k)? b. use your answer to part (a) to solve for the steady-state value of y as a function of s, n, g, and δ.c. two neighboring economies have the above production function, but they have different parameter values. atlantis has a saving rate of 28 percent and a population growth rate of 1 percent per year. xanadu has a saving rate of 10 percent and a population growth rate of 4 percent per year. in both countries, g = 0.02 and δ = 0.04. find the steady-state value of y for each country.

On january 1, year 1, canseco plumbing fixtures purchased equipment for $52,000. residual value at the end of an estimated four-year service life is expected to be $4,000. the company uses the straight-line method. for how much would each item below be reported at the end of year 3

Galwaysc electronics makes two products. model a requires component a and component c. model b requires component b and component c. new versions of both models are released each year with updated versions of all components. all components are sourced overseas, and abc contracts annually for a quantity of each component before seeing that year’s demand. components are only assembled into finished products once demand for each model is known. for the coming year, alwaysc’s purchasing manner has proposed ordering 500,000 units of component a, 630,000 of component b, and 1,000,000 units of component c. her boss has asked why she has recommended purchasing so much of components a and b when alwaysc will not have enough of component c to fully use all of the inventory of a and b. what factors might the purchasing manager cite to explain her recommended order? explain your reasoning.

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