You have just conducted a growth accounting exercise for an economy with the per capita production function latex: y_t = a_t k_{t}^{1/3} \bigg(\frac{l_{yt}}{l_t}\bigg)^{2/3 }y t = a t k t 1 / 3 ( l y t l t ) 2 / 3, where latex: k_t = \tfrac{k_t}{l_t}k t = k t l t. your results show that during the period 2002-2007 the growth rate of gdp per capita was 5%, the growth rate of the stock of ideas was 4% and both the labor force and the number of production workers were growing at 3%. at what rate did the total capital stock grow over the same time horizon?

Which economic system could be characterized by the "iron fist", meaning a central authority figure has control over most of the economy? market economy command economy traditional economy free enterprise economy

According to herman, one of the differences of managing a nonprofit versus a for-profit corporation is

Ardmore farm and seed has an inventory dilemma. they have been selling a brand of very popular insect spray for the past year. they have never really analyzed the costs incurred from ordering and holding the inventory and currently fave a large stock of the insecticide in the warehouse. they estimate that it costs $25 to place an order, and it costs $0.25 per gallon to hold the spray. the annual requirements total 80,000 gallons for a 365 day year.a. assuming that 10,000 gallons are ordered each time an order is placed, estimate the annual inventory costs.b. calculate the eoq.c. given the eoq calculated in part b., how many orders should be placed and what is the average inventory balance? d. if it takes seven days to receive an order from suppliers, at what inventory level should ardmore place another order?