Business, 02.04.2020 16:23 lifewkeya

4. The catch-up effect Consider the economies of Hermes and Gribinez, both of which produce glops of gloop using only tools and workers. Suppose that, during the course of 30 years, the level of physical capital per worker rises by 4 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 2021 and 2051. Year Hermes Physical Capital Labor Force Output Productivity (Tools per worker) (Workers) (Glops of gloop) (Glops per worker) 2021 7 30 3,000 2051 11 30 3,600 Year Gribinez Physical Capital Labor Force Output Productivity (Tools per worker) (Workers) (Glops of gloop) (Glops per worker) 2021 4 30 2,400 2051 8 30 3,600 Initially, the number of tools per worker was higher in Hermes than in Gribinez. From 2021 to 2051, capital per worker rises by 4 units in each country. The 4-unit change in capital per worker causes productivity in Hermes to rise by a amount than productivity in Gribinez. This illustrates the effect.

Answers: 1

Show answers

Another question on Business

Business, 21.06.2019 19:20

Nominal gross domestic producta. is a measure of the overall level of pricesb. measures the value of final goods and services produced within the borders of a given country during a given time period using current pricesc. measures the value of final goods and services produced within the borders of a given country during a given time period corrected for changing pricesd. only changes when the level of output changes

Answers: 2

Answer

Business, 22.06.2019 00:00

Which part/word/phrase in the passage refers to a business’s financing activity seen in a cash flow statement? nathan works as an accountant in a footwear manufacturing company. he is currently preparing the cash flow statement for his employer. during the given accounting period, the company purchased raw materials worth $25,000. it also bought new equipment worth $75,000 to increase its production output. further, it borrowed a long-term bank loan of $100,000 to facilitate further expansion. finally, the company spent $50,000 on advertising its latest brand of footwear in the market. {lol i guessed its "it borrowed a long-term bank loan of $100,000 to facilitate further expansion" and thats correct}

Answers: 1

Answer

Business, 23.06.2019 01:20

Which resource management task includes activating local resource requirements, if available? a. track and report b. mobilize c. order and acquire d. reimburse and restock

Answers: 1

Answer

Business, 23.06.2019 01:20

The cook corporation has two divisions--east and west. the divisions have the following revenues and expenses: east westsales $ 603,000 $ 506,000 variable costs 231,000 300,000 traceable fixed costs 151,500 192,000 allocated common corporate costs 128,600 156,000 net operating income (loss) $ 91,900 $ (142,000 )the management of cook is considering the elimination of the west division. if the west division were eliminated, its traceable fixed costs could be avoided. total common corporate costs would be unaffected by this decision. given these data, the elimination of the west division would result in an overall company net operating income (loss) of: multiple choice$91,900$(64,100)$(142,000)$(50,100)

Answers: 3

Answer

You know the right answer?

4. The catch-up effect Consider the economies of Hermes and Gribinez, both of which produce glops of...

Questions

SAT, 10.04.2022 14:00

Practice and skills fluency workbook answers grade 8...