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Consider an economy that uses two factors of production, capital (K) and labor (L), to produce two goods, good X and good Y. In the good X sector, the production function is X = 4KX0.5 + 6LX0.5, so that in this sector the marginal productivity of capital is MPKX = 2KX-0.5 and the marginal productivity of labor is MPLX = 3LX-0.5. In the good Y sector, the production function is Y = 2KY0.5 + 4LY0.5, so that in this sector the marginal productivity of capital is MPK = KY-0.5 and the marginal productivity of labor is MPLY = 2LY-0.5. Finally, let the total endowment of capital in this economy be K = 800, the total endowment of labor be L = 1200, the price of good X be PX = 3 and the price of good Y be PY = 6.

What is the equilibrium rental rate of capital and the equilibrium wage rate?

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On the first day of the fiscal year, a company issues a $438,000, 6%, 10-year bond...

On the first day of the fiscal year, a company issues a $438,000, 6%, 10-year bond that pays semiannual interest of $13,140 ($438,000 x 6% x 1/2), receiving cash of $459,900. Journalize the entry to record the first interest payment and amortization of premium using the straight-line method. If an a...

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Q1b.i With the aid of stress-strain and volume change neat plots, describe the behaviour of a...

Q1b.i With the aid of stress-strain and volume change neat plots, describe the behaviour of a dense compacted sand in comparison with the same sand in a relatively loose state....

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The electron configuration can also be represented by writing the symbol for the occupied subshell and...

The electron configuration can also be represented by writing the symbol for the occupied subshell and adding a superscript to indicate the number of electrons in that subshell. For example, consider a carbon atom having an atomic number of 6. The total number of electrons in a neutral carbon atom i...

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The Corrigan Company just paid a dividend of $1 per share, and that dividend is expected to grow at a constant rate of 5% per year in the future

The Corrigan Company just paid a dividend of $1 per share, and that dividend is expected to grow at a constant rate of 5% per year in the future. The company's beta is 1.2, the market risk premium is 5%, and the risk-free rate is 3%. What is the company's current stock price?...

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Question 3 Examine the following cash from operations section of Comox Ltd. and determine whether the...

Question 3 Examine the following cash from operations section of Comox Ltd. and determine whether the asset and liability accounts shown increased or decreased during the year. $1,980 Comox Ltd. Cash from Operations For the year ended December 31, 2018 (000) Net income Depreciation Loss on sale of e...

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Certified Management Accountant (CMA) How does this certification benefit the managerial account...

Certified Management Accountant (CMA) How does this certification benefit the managerial accountant? How does an accountant with this certification benefit the organization? What organization sponsor’s the certification? What is the history of this organization (Date established, why was it e...

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The pH of a 0.0158 M solution of NH3 is 11.02. What is the percent dissociation...

The pH of a 0.0158 M solution of NH3 is 11.02. What is the percent dissociation of NH3 in this solution? Report to 3 sig. fig. 66.3% 3.37% 0.0663% 6.63% 0.105%...

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How do you evaluate #\frac { 2x } { 3} - \frac { 3} { 4} =\frac { x } { 6} + \frac { 21} { 4}#?

How do you evaluate #\frac { 2x } { 3} - \frac { 3} { 4} =\frac { x } { 6} + \frac { 21} { 4}#?...

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A reseearcher measures the relationship between sleep medication use and time spent working. andwe the following...

A reseearcher measures the relationship between sleep medication use and time spent working. andwe the following wuestioms based on the results provided. 9 18 5 38 7 19 3 29 A researcher measures the relationship between sleep medication use (times used per week) and time spent working (in hours pe...

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Question1 Suppose the population mean and covariance matrix of e trix of an (a) Determine the first and sccond principa...

Question1 Suppose the population mean and covariance matrix of e trix of an (a) Determine the first and sccond principal components Yi and Y2, and find their variances, respcctively. (b) Determine the proportion of total variance due to the Yi. (c) Compare the contributions of Xi and X2 to the deter...

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NUTRITION SCI106 LAB QUIZ VERSION A 1. The vitamin C deficiency disease is known as Name...

NUTRITION SCI106 LAB QUIZ VERSION A 1. The vitamin C deficiency disease is known as Name 2 functions of vitamin C in the body 2. 3. Name 2 signs associated with vitamin C deficiency 4 5. Name 2 significant food sources of vitamin C. (PLEASE BE SPECIFIC 6. 7. Using the diogram, rank the beverages in ...

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Consider the model of a spring-mass-damper system, where the following parameter values are assum...

answer 3 and 4 please Consider the model of a spring-mass-damper system, where the following parameter values are assumed: m 1,b 2,k 2. 3. a. Write down the transfer function of the system b. Choose a sample time for the system c. Find the pulse transfer function (use MATLAB 'c2d' command) ...

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How do we know that the atomic orbital angular momentum magnitude is #sqrt(l(l+1))ℏ#, where #ℏ = h//2pi#?

This is asked for @Saran V....

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Nitrogen (N) Relative Number of Electrons 700 600 300 500 400 Binding Energy (EV) Oxygen (0)...

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I need 5 and 6 A couple where the mother and father are both heterozygous for...

I need 5 and 6 A couple where the mother and father are both heterozygous for a trait have 4 children. What is the probability two of their children will express the recessive trait? 5. eview the Drosophila eye pigment pathway. Using the probability method to determine how many white eye flies would...

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Which of the following statements are true (could be multiple) for internal flow through a pipe?...

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How do you draw the graph of direct variation that includes the point (1,6) and write the equation of the line?

How do you draw the graph of direct variation that includes the point (1,6) and write the equation of the line?...