subject
Business, 11.11.2020 17:30 tyairamifflin2411

Consider the economies of Sporon and Gobbledigook, both of which produce glops of gloop using only tools and workers. Suppose that, during the course of 50 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 2019 and 2069. Year Sporon Physical Capital Labor Force Output Productivity (Tools per worker) (Workers) (Glops of gloop) (Glops per worker) 2019 7 30 1,800 2069 12 30 2,160 Year Gobbledigook Physical Capital Labor Force Output Productivity (Tools per worker) (Workers) (Glops of gloop) (Glops per worker) 2019 4 30 900 2069 9 30 1,620 Initially, the number of tools per worker was higher in Sporon than in Gobbledigook. From 2019 to 2069, 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 amount than productivity in Gobbledigook. This illustrates the concept of , which makes it 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 17:30
Communication comes in various forms. which of the following is considered an old form of communication? a) e-mail b) letter c) skype d) texting
Answers: 2
question
Business, 22.06.2019 19:50
Aproduction line has three machines a, b, and c, with reliabilities of .96, .86, and .85, respectively. the machines are arranged so that if one breaks down, the others must shut down. engineers are weighing two alternative designs for increasing the line’s reliability. plan 1 involves adding an identical backup line, and plan 2 involves providing a backup for each machine. in either case, three machines (a, b, and c) would be used with reliabilities equal to the original three. a. compute overall system reliability under plan 1. (round your intermediate calculations and final answer to 4 decimal places.) reliability b. compute overall system reliability under plan 2. (round your intermediate calculations and final answer to 4 decimal places.) reliability c. which plan will provide the higher reliability? plan2plan1
Answers: 3
question
Business, 23.06.2019 02:20
Kubin company’s relevant range of production is 18,000 to 22,000 units. when it produces and sells 20,000 units, its average costs per unit are as follows: average cost per unit direct materials $ 7.00 direct labor $ 4.00 variable manufacturing overhead $ 1.50 fixed manufacturing overhead $ 5.00 fixed selling expense $ 3.50 fixed administrative expense $ 2.50 sales commissions $ 1.00 variable administrative expense $ 0.50 required: 1. for financial accounting purposes, what is the total amount of product costs incurred to make 20,000 units? 2. for financial accounting purposes, what is the total amount of period costs incurred to sell 20,000 units? 3. for financial accounting purposes, what is the total amount of product costs incurred to make 22,000 units? 4. for financial accounting purposes, what is the total amount of period costs incurred to sell 18,000 units?
Answers: 1
question
Business, 23.06.2019 04:40
What does bargain in good faith mean?
Answers: 1
You know the right answer?
Consider the economies of Sporon and Gobbledigook, both of which produce glops of gloop using only t...
Questions
question
History, 03.02.2021 22:00
question
Mathematics, 03.02.2021 22:00
question
Mathematics, 03.02.2021 22:00
question
Advanced Placement (AP), 03.02.2021 22:00
question
Mathematics, 03.02.2021 22:00