Suppose that the production function of the economy is: Y= AK^0.5L^0.5
Consider the following hypothetical scenario regarding an expansion of the labor supply through immigration. An economy is initially in equilibrium with a capital stock and an initial labor supply L1. Suppose that a wave of immigration increases the size of the labor supply to L2= 4.L1.

Required:
Find the ratio of output after the immigration wave to output before the immigration wave Y2/Y1.

Thirty years ago daniel bought a plot of land for $50,000 when the cpi was 50. now the cpi is 180 and he sold the land for $180,000. what issue might inflation cause for daniel?

Nichols inc. manufactures remote controls. currently the company uses a plantminuswide rate for allocating manufacturing overhead. the plant manager is considering switchingminusover to abc costing system and has asked the accounting department to identify the primary production activities and their cost drivers which are as follows: activities cost driver allocation rate material handling number of parts $5 per part assembly labor hours $20 per hour inspection time at inspection station $10 per minute the current traditional cost method allocates overhead based on direct manufacturing labor hours using a rate of $20 per labor hour. what are the indirect manufacturing costs per remote control assuming an method is used and a batch of 10 remote controls are produced? the batch requires 100 parts, 5 direct manufacturing labor hours, and 3 minutes of inspection time.

Suppose that a monopolistically competitive restaurant is currently serving 260 meals per day (the output where mr