Questions by bjenkins - Page 34

: A production department's output for the most recent month consisted of 8,700 units completed and transferred to the next stage of production and 5,700 units in ending Work in Process inventory. The units in ending Work in Process inventory were 60% complete with respect to both direct materials. and conversion costs. Calculate the equivalent units of production for the month, assuming the company uses the weighted average method. Multiple Choice 7,500 units. 10,920 units 14,400 units. 5,280 units. 12,120 units
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Bank X proposed to merge with Bank Y. The Justice Department opposed the merger claiming that the relevant geographic market was the four-country area around Philadelphia in which most of both banks customers reside. If the merger was permitted, the merged firms would control 30% of the commercial banking in the four-county area. The two banks contended that the "greater part of the Northeastern U.S." was the geographic market and that since the merged firms would have less than 5% of the total business of this larger market, the effect of the merger would not be to "substantially lessen competition. "What is the relevant market and should the merger be permitted? Explain you answer..
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Set up: The production function is given by: Y = AKg (Nht)1-a where N is a constant population level and he is the per-capita level of human capital. 1 Y = Ct + St Law of motion for per capita physical capital is given by: kt+1 = (18)kt + syt Law of motion for per capita human capital is given by: ht+1 = (1 8)ht + QYt Tt ht is the ratio of human to physical capital at time t kt Questions: (a) Divide the laws of motion for per-capita physical capital and per-capita human capital by kt and ht respectively. Express the growth rate of per capita physical capital (9k) and the growth rate of per capita human capital (gn) solely as a function of parameters A, 6, a.s, q and rt. S (b) Consider the case in which rt = r = for all t (the economy starts out with the long run ratio of human to physical capital). Rewrite the per-capita production function just in terms of per-capita capital. Does the production function exhibit diminishing returns in capital anymore? (c) Using the result from part b, re-derive the Solow-Swan equation. That is, find the expressions that gives you kt+1 as a function of k, and the parameters. (d) What is different about this version of the Solow-Swan equation? Is your law of motion for per capita capital still concave or is it linear? What does this imply for the evolution of per-capita capital? (e) Draw a phase diagram where kt is on the x-axis and kt+1 is on the y-axis. What can you say about the steady state in this model? Are there any? What does this model predict about growth of GDP per capita? (Hint: You will have 3 cases, 1) where d = sArl-a, 2) where 8 < sArl-a and 3) > sAr-a. Comment on the existence and stability of steady states if any?)
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Solow-Swan Model with human capital In class, we laid down the basics of the Solow-Swan Model with human capital. You will now solve it completely to determine steady states, growth rates etc that result from this extension. Set up: The production function is given by: Y-AK? (Nh)- where N is a constant population level and he is the per capita level of human capital. 1 Y = C + S Law of motion for per capita physical capital is given by: k+1 = (1 6)k + 8y Law of motion for per capita human capital is given by: h+1 = (1 8)h+q 7,- is the ratio of human to physical capital at time t Questions: (a) Divide the laws of motion for per-capita physical capital and per-capita human capital by k, and h, respectively. Express the growth rate of per capita physical capital (92) and the growth rate of per capita human capital (g) solely as a function of parameters A, 8, a.s, q and r. (b) Consider the case in which r- r- for all t (the economy starts out with the long run ratio of human to physical capital). Rewrite the per capita production function just in terms of per-capita capital. Does the production function exhibit diminishing returns in capital anymore? (c) Using the result from part b, re-derive the Solow-Swan equation. That is, find the expressions that gives you k+1 as a function of k, and the parameters. (d) What is different about this version of the Solow-Swan equation? Is your law of motion for per capita capital still concave or is it linear? What does this imply for the evolution of per-capita capital? (e) Draw a phase diagram where k, is on the x-axis and k+1 is on the y-axis. What can you say about the steady state in this model? Are there any? What does this model predict about growth of GDP per capita? (Hint: You will have 3 cases, 1) where 8 = sAr, 2) where 8 sAr-. Comment on the existence and stability of steady states if any?) (f) Assume that the rate of return for capital is equal to capital's marginal product, MP - K Does this model help explain low rates-of-return to capital in poor countries relative to rich countries? (g) Revisit the law of motion for human capital, h+1 = (1-8)h +qy. Do you think it's reasonable to include depreciation (6) in the equation? Explain. (h) Remember that he stands for per-person human capital. Under certain conditions, does the law of motion imply that he can grow indefinitely? Is that reasonable? (i) Bonus question: Suppose we changed the law of motion of human capital to include an upper limit. If he
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Fred needs to notify Yasmin that the proposal she wrote did not get funded. Which communication channel is most appropriate
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What atomic or hybrid orbital on the central Xe atom makes up the sigma bond between this Xe and an outer F atom in xenon difluoride, XeF2
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Which type of company does the Securities and Exchange Commission (SEC) require to format their financial statements using XBRL
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Try These questions out and Ill give you brainliest
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Suppose that there are no restrictions on how many pages a printer can print. How many ways are there for the 100 pages to be assigned to the four printers
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The mean GPA of night students is 2.28 with a standard deviation of 0.66. The mean GPA of day students is 2.39 with a standard deviation of 0.32. You sample 35 night students and 50 day students. What is the mean of the distribution of sample mean differences (night GPA - day GPA)
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8. What is the fixed duration of RECLUSION PERPETUA and its retaining the nature of periods regardless of any mitigating or aggravating circumstances? Identiy the fixed Duration of penalty and its nature of indivisibility. ( 10 Points )9. Raul premeditated killed Alfredo by shooting him with the used of Caliber .45 pistol an unlicensed firearm. What crimes did Raul committed? Is the penalty of unlicensed firearm can be used as aggravating circumstances only? ( 10 POINTS )10. Marivic Catapang an accused was charged of Parricide by killing his Husband Boy Tamad, The former anchored her defense on the theory of Battered Woman Syndrome (BWS) However, the court finds that accused used defense were not characterized by BWS as batterer did not created cycles of violence based on records. What constitutes why accused unabled to be exempted from criminal liability under Battered Woman Syndrome? Explain ( 10 Points)
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If the expected return on an asset is greater than its required return given on the Security Market Line, the stock is _____. randomly priced fairly priced overpriced underpriced
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On average, a major earthquake (Richter scale 6.0 or above) occurs three times a decade in a certain California county. Find the probability that at least one major earthquake will occur within the next decade.
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g The demand curve for a monopolist is:Group of answer choicesthe industry demand curve.the same as the demand curve for a perfectly competitive firm.always a unit-elastic demand curve.a perfectly inelastic demand curve.
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Referencing elements outside the array bounds a) results a compilation time error b) results a run or execution time error c) dinamically enlarges the size of the array d) none of the above
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Farmers Pantry Products Inc. and Market Grocers LLC dispute a term in their contract. Because the parties have a long-standing business relationship that they would like to continue, they could settle their dispute through mediation because
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Because Lorraine wants to introduce innovative new production processes to the local restaurant industry, she is considered a(n) ______. Multiple choice question. hotelier provocateur imitator entrepreneur
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__________ without listening is common when we're tired or uninterested in what the person is saying or when there are multiple voices speaking at once.
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Beta is... Group of answer choices how much a stock's returns vary with the market return. a measure of a stock's unsystematic risk. a measure of a stock's total risk. a tropical fish.
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