Part C - "Consider the Romer economy with the following parameter values: A0=100, 6% of the workforce is employed in research sector, research productivity is z=1/3,000 and the workforce equals 1,000. In year 2030, Suppose that adjustments to immigration policy lead to an increase in the workforce of 10% (to 1,100 workers). Calculate the new growth rate of output per worker from year 2030 onward."
a) 7.3 percent
b) 2.2 percent
c) 2 percent
d) None of the others

Answers

Answer 1

To calculate the new growth rate of output per worker from the year 2030 onward in the Romer economy, we need to consider the effects of the increase in the workforce due to adjustments in immigration policy.

Given the following parameter values:

A0 = 100 (initial level of technology)

Research sector employment = 6% of the workforce (0.06 * 1,100 = 66 workers)

Research productivity (z) = 1/3,000

Initial workforce = 1,000

New workforce (in 2030) = 1,100

We can calculate the new level of technology (A1) as follows:

A1 = A0 * (1 + z * research sector employment)

= 100 * (1 + (1/3,000) * 66)

≈ 102.2

The growth rate of output per worker can be calculated as:

Growth rate = ((A1 / A0)^(1/t)) - 1

where t represents the number of years from 2030 onward.

Since the time period is not specified, we cannot determine the exact growth rate. However, based on the options provided, the closest approximation is option b) 2.2 percent. Please note that the precise growth rate will depend on the number of years considered after 2030.

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Related Questions

A step-by-step process that involves several procedures such as defining the problem, collecting relevant information, and analyzing the information so that higher management can make a decision is called _____.

market strategy

market function

market research

market structure

Answers

Answer:

I think the answer is market research.

Explanation:

i dont know

Reorganization of the manufacturing operations in a pet food company resulted in the addition of a new third shift and a reallocation of responsibilities among the managers. Conflict ensued based on the uncertainty of who was going to have to work the third shift. The most likely source of the conflict in this situation is role incompatibility. Select one: O True O False

Answers

False. The most likely source of the conflict in this situation is role ambiguity, not role incompatibility.

The most likely source of the conflict in this situation is role ambiguity, not role incompatibility. Role ambiguity occurs when there is a lack of clarity or uncertainty regarding the responsibilities, tasks, or expectations associated with a particular role. In this case, the conflict arises from the uncertainty of who will have to work the third shift, indicating a lack of clarity about the specific roles and responsibilities related to the new shift. This ambiguity can lead to conflicts and tension among the managers who are unsure about their roles and work schedules. Role incompatibility, on the other hand, refers to conflicts arising from incompatible or conflicting roles and responsibilities between individuals, which is not explicitly mentioned in the given scenario.

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For the question below, write an explanation of the short-run effect (including the determinant of AD or AS that is causing the shift, the line that shifts (AD or AS), the direction of the shift (left or right), and the impact on output and price level (increase or decrease) and submit a properly drawn and labeled aggregate demand and aggregate supply graph for the scenario. Make sure your name and assignment number are written on each page of graphs you submit. All text must be written in the text box provided.

Congress passes a sweeping health care reform bill that provides free medical insurance for all Americans. Once the President signs it into law, the government will provide every American with a policy that will pay up to 80% of every medical bill a patient incurs. This change does not impact consumer income.

Answers

Explanation:

The passage of the health care reform bill would shift the aggregate demand (AD) curve to the right in the short run. This is because with the new policy, people would be able to afford more health care services, leading to an increase in the quantity of goods and services demanded at every price level. This would result in an increase in both output and the price level in the short run.

On the other hand, the aggregate supply (AS) curve would remain unchanged since the bill does not affect the costs of production or the available inputs.

Overall, the short-run impact of the health care reform bill would be an increase in output and a higher price level.

which is a way to increase your net worth

Answers

Ways to increase your net worth are

Contribute more money to your retirement fund.Reduce your spending.It's time to get rid of high-interest loans.Make a contingency fund. This is further explained below.

What is net worth?

Generally, taking into consideration all financial assets and obligations of a person/company/household.

In conclusion, Consolidate or renegotiate your debts.

Keep your vehicles for as long as you can.

Boost your wages

Answers

Answer:

The Eight Steps for Organizational Develpoment Intervaentions

Explanation:

Entry Signals

Purpose

Assessment

Action Plan

Intervention

Evaluation

Adoption

Seperation

... i think

Ralph is a purchase manager in a manufacturing business. He is about to buy raw materials to manufacture a new product. To begin, he thinks he must first consider the target market. What can Ralph do to carry out this task?

A. Visit trade shows and network with other producers

B. Refer to trade magazines and begin meeting up with top notch suppliers

C. Produce a small quantity, sell it, and assess the reactions of customers

D. Explore the demographics, such as age and locations, of his potential customers.

Answers

Answer:

Explanation:

took it

Answer:

Explanation:

correct on plato

A US based company is attempting to merge with a French National conglomerate. With IFRS and GAAP being so different, what would be some of the challenges the two sides may face with the merger from an accounting standpoint?

Answers

The merger between a US-based company and a French National conglomerate can pose several challenges from an accounting standpoint due to the differences between International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Principles (GAAP). Some of the challenges they may face include:

Accounting Principles: IFRS and GAAP have different underlying principles and concepts. IFRS is principles-based, emphasizing substance over form, while GAAP is rules-based, providing specific guidelines for various transactions. The differences in accounting principles can lead to variations in the recognition, measurement, and presentation of financial information.

Financial Statement Presentation: IFRS and GAAP have different requirements for financial statement presentation. The formats and classifications of items on the balance sheet, income statement, and cash flow statement may vary between the two sets of standards. This can make the comparison and consolidation of financial statements challenging.

Revenue Recognition: IFRS and GAAP have differing guidance on revenue recognition, particularly in areas such as the timing of revenue recognition, multiple-element arrangements, and percentage-of-completion method for long-term contracts. Aligning the revenue recognition policies of the merging entities can be a complex task.

Valuation of Assets and Liabilities: IFRS and GAAP may have different rules for the valuation of assets and liabilities, such as inventory, property, plant, and equipment, intangible assets, and financial instruments. Differences in valuation methodologies can impact the reported values of assets and liabilities, which can have implications for financial ratios, financial performance, and tax implications.

Business Combinations and Goodwill: IFRS and GAAP have different requirements for accounting for business combinations and the subsequent treatment of goodwill. For example, IFRS allows for the option of measuring goodwill at cost or using the impairment model, while GAAP follows a more strict impairment-only model. This can result in differences in the recognition and measurement of goodwill and the related impact on financial statements.

Disclosures: IFRS and GAAP have varying disclosure requirements, with differences in the level of detail and specific disclosures mandated for certain transactions and events. Harmonizing the disclosure requirements can be a complex task to ensure compliance with both sets of standards.

These are just a few examples of the challenges that may arise during the merger process from an accounting standpoint. It is crucial for the merging entities to have a thorough understanding of the differences between IFRS and GAAP and work closely with accounting professionals and advisors to address these challenges effectively and ensure accurate financial reporting and compliance with relevant regulations.

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Which of the following best describes systematic inequality? A. deep-seated disparity in the distribution of wealth the gap between advanced and developing countries in terms of access to modern technology B. the social process of making unimportant or powerless certain groups within society C. the extraction of profits from the resources and labor of others in an unjust way

Answers

Answer: A. deep-seated disparity in the distribution of wealth

Explanation:

Systematic inequality arises when there is a deep-seated difference in how wealth is distributed in an economy system. When looking at it from a global point of view, it is shown with the disparity in income between the first and third world countries.

Systematic inequality on a global scale can largely be attributed to colonialism as most first world nations colonized the rest of the world and took a lot of their resources when doing so. Even today, they engage in neo-colonialist practices that continue to increase the wealth disparity.

The roles of ___, ___, and ___ are critical for managers in nonprofit organizations.

Answers

The roles of spokesperson, leader, and resource allocator are critical for managers in non-profit organizations.

What are management's responsibilities in non-profit organizations?

The four main areas of planning, organizing, leading, and controlling are how management gurus have divided up management's tasks. The management of nonprofits requires special attention to each area.

How are non-profit organizations run?

The nonprofit industry, by definition, works toward humanitarian ends. Because they lack formal hierarchies and managerial structures, many nonprofit organizations are loosely structured and frequently volunteer-driven.

Which managers are critical to advancing innovation?

Middle managers are essential for fostering innovation and empowering businesses to adapt quickly to changing conditions. a manager who is in charge of a certain project at work that brings together staff from different levels and functions of the company.

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which styling product creates maximum control and support of the hair especially for wet setting?

Answers

When it comes to creating maximum control and support for wet setting hair, the best styling product to use is a gel. Gel is a thick and sticky substance that can hold hair in place, making it the perfect choice for wet setting styles that require a lot of control.

Gels come in a variety of formulas, including those that are designed specifically for wet setting. These formulas often have additional ingredients that help to moisturize and protect the hair while providing maximum hold. Some gels also contain heat protectants, which are important if you plan to use heat styling tools such as a blow dryer or curling iron. To use gel for wet setting, apply a small amount to damp hair and distribute it evenly using a comb or your fingers. Style your hair as desired and allow it to air dry or use a diffuser to speed up the drying process. Overall, if you're looking for maximum control and support for your wet setting hair, a gel is the way to go. With its thick and sticky consistency, it can hold even the most unruly hair in place while protecting it from damage and keeping it looking healthy and shiny.

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Why do you think a higher percentage of those over 35 years old invest in the market compared to those under 35? Help please!

Answers

Answer:

Yes I think those over 35 invest in a market compared to people not 35, because they been though school, and have more experience in the market company.

Explanation:

expert communicators are not perceived as trustworthy when . a. their statements are subjective to external causes b. they directly advocate a product c. they use an advanced communication channel d. their attitude toward the product is negative

Answers

Expert communicators are not perceived as trustworthy when "their statements are subjective to external causes".

The Expert communicators are those communicators know their communication is only as good as the impact on intended audience. There are four types of communicators are aggressive, passive-aggresive, passive and the assertive.

The Expert communicators are ensured empathy, equity, relevance and the impact. The communicators are four common types are analytical communicators, intuitive communicators, functional communicators, and the personal communicators.

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A long term goal taking _____ years to achieve can be broken down into shorter term goals, each taking _______ years to achieve
A. 16;32
B. 16;8
C. 8;32
D. 8;16

Answers

Answer:

B. 16;8

Explanation:

A short-term goal is something you want to do in the near future. The near future can mean today, this week, this month, or even this year. A short-term goal is something you want to accomplish soon.A long-term goal is something you want to do further in the future. Long-term goals require time and planning. They are not something you can do this week or even this year. Long-term goals usually take 12 months or more to achieve.

Suppose the market price of chicken wings in a university town recently increased. Economics students studying at the university are discussing potential causes of the price increase. One group of students theorize that the price increased because several wing joints in the area have recently gone out of business. Others claim the increase in the price of chicken wings is because of a recent decrease in the price of beer.

Everyone agrees that the decrease in the price of beer was caused by a recent decrease in the price of hops, which are not generally used in making chicken wings.

The first group of students claim the increase in the price of chicken wings can be attributed to the fact that several wing joints in the area have recently gone out of business.

Answers

This may explain the price increase, as the decreased competition in the economics market could lead to an increase in price.

What is economics market?

Economics market is an environment where buyers and sellers interact in order to exchange goods and services for money. It is the basis for the study of economics, which is the study of the production, distribution, and consumption of goods and services. Markets can be divided into different types depending on the nature of the product or service being exchanged. The two primary types of markets are the perfect competition market and the imperfect competition market. Perfect competition markets are those in which all buyers and sellers are equal and have access to the same information.

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"Success or failure of any Industry depends on the management of human resources." Explain it with examples.

Answers

Answer

Human resource management is viewed as a significant administration movement by numerous bigger partnerships, not just a "workforce" division as it was viewed a few decades prior. Without a powerful human asset supervisory group, huge organizations today would track down it troublesome in the event that not difficult to staff, train and foster those specialists who basically make up the organization and add to its progress in the business climate. Without the ideal individuals, no business will prosper and develop to become one that stands separated from the competitors. Strategic the board, preparing and improvement, modern relations, and hierarchical ways of behaving are only a couple of the viewpoints that fall under human asset the executives today.

Explanation:

The management of human resources determines whether an industry succeeds or fails. Management of human resources is crucial to the operation of an industry. Managers of human resources plan, organize, and oversee an organization's administrative operations.

What is Human Resource Management?

The administrative tasks of an organization are planned, coordinated, and led by human resources managers. They supervise the hiring, interviewing, and onboarding of new employees, and assist chief executives with strategic planning.

The Master's Program in People Management and Organizational Development equips students with the in-depth knowledge, teamwork, analytical, and communication abilities necessary to support firms in successfully and sustainably expanding their operations.

In a workplace and organizational environment that is continually evolving, the curriculum provides students with the most recent information in people management and organizational development.

Thus, it is important for the student working as a human resource to come from that specific field.

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so what about global companies which do business around the world, does international cybercrime become even more of an issue than domestic? with no clear authority in charge, would you characterize this situation as hopeless or not?

Answers

International cybercrime poses a greater threat to global companies operating worldwide.

The absence of clear authority in charge of addressing cybercrime does not necessarily mean the situation is hopeless.

The Explanation to Each Answer

Global companies operate in multiple countries, which means they have to comply with different laws and regulations, making them more vulnerable to international cybercrime. The complexity of cross-border transactions and communication also creates more opportunities for cybercriminals to exploit.

While the lack of a clear authority may make it more challenging to combat cybercrime on a global scale, there are still efforts being made by international organizations, national governments, and private entities to collaborate and develop cybersecurity measures to mitigate the risks.

As technology continues to evolve, it's essential to remain vigilant and adaptive to emerging threats to combat cybercrime effectively.

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What is the marginal revenue and marginal cost for this diagram?

What type of market is this? Explain your answer

Answers

Marginal revenue :

2060120200300420560

Marginal cost :

108210192640

It is a Monopolistic market structure because marginal revenue is greater than the marginal cost.

Marginal Revenue is the increase in the revenue by selling one extra product in the market. It is calculated by the Change in revenue divided by the change in output.

Marginal cost is the change in cost by producing one extra unit of output. It is calculated by a change in cost divided by the change in units.

Monopolistic market structure is where there are multiple companies producing similar products in the market.Example for monopolistic structure can be a grocery store.

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Question 9 of 10
If a new source of lumber is found, what is likely to happen to the price of
lumber, and why?
A. The price is likely to increase because demand will increase.
B. The price is likely to increase because costs of production will
increase
C. The price is likely to decrease because demand will decrease.
O D. The price is likely to decrease because supply has increased.
SUBMIT

Answers

Answer:

O D. The price is likely to decrease because supply has increased.

SUBMIT

Explanation:

A new source of lumber will result in an increase in the quantity available for sale. As per the laws of supply and demand, an increase in supply without a corresponding increase in demand leads to reduced prices.

The prevailing market price or equilibrium price is the price at which the current demand matches the current supply. There are no shortages or excesses. An increase in supply creates a surplus in the market. For suppliers to sell the excess lumber supplied, they have to reduce prices to create more demand.

Martinez co. Sells a machine that cost $10,000 with accumulated depreciation of $8,000 for $2,000 cash. The entry to record this transaction will recognize a gain or loss of how much?.

Answers

Based on the book value of the machine and the cash for which the machine was sold, no gain or loss would be recognised.

What is the gain or loss on the sale of the machine?

Depreciation is the process of expensing the cost of purchasing an asset. Depreciation declines the carrying value of the machine.

A profit would be recorded if the cash the machine was sold is greater than the book value of the machine. If this is not the case, a loss would be recognised.

Book value = $10000 - $8,000 = $2000

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a local furniture store is examining its inventory policy and considering using an economic order quantity approach

Answers

A local furniture store is examining its inventory policy and considering using an economic order quantity (EOQ) approach for a popular table set that they have had difficulty keeping in stock. They have the following information about the set:

Annual demand = 5000 sets

Current order quantity = 75

Carrying cost = $2.00/unit/year

Order cost = $450

Total stocking cost is the cost to the store of holding a good in its inventory. The stocking cost consists of the carrying cost times half the quantity in inventory and the order completion cost times demand divided by the quantity. In its mathematical form the cost is represented by TSC=(Q/2)C + (D/Q)S.

The total annual stocking cost at the EOQ is 46975

What is an EOQ?

Economic Order Quantity, also known as Economic Purchase Quantity, is the order quantity that minimizes the total holding costs and ordering costs in inventory management. It is one of the oldest classical production scheduling models.

Therefore, the correct answer is as given above

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The complete question goes thus:

A local furniture store is examining its inventory policy and considering using an economic order quantity (EOQ) approach for a popular table set that they have had difficulty keeping in stock. They have the following information about the set:

Annual demand = 5000 sets

Current order quantity = 75

Carrying cost = $2.00/unit/year

Order cost = $450

What is the total annual stocking cost at the EOQ?

JPJ Corp has sales of $1.33 million, accounts receivable of $48,000, total assets of $4.75 million (of which $2.98 million are fixed assets), inventory of $155,000, and cost of goods sold of $597,000.
If JPJ Corp is able to increase sales by 11.8% but keep its total and fixed asset growth to only 4.7%, what will its new asset turnover ratios be?
JPJ's new fixed asset turnover is ____ (Round to two decimal places.)

Answers

To find JPJ Corp's new fixed asset turnover, we will first calculate the new sales and fixed assets figures after the given increases. Then, we will use the fixed asset turnover formula to find the ratio. JPJ's new fixed asset turnover is 0.48.

Step 1: Calculate new sales and fixed assets figures:

New sales = $1.33 million × (1 + 11.8%)

New sales = $1.33 million × 1.118

New sales = $1.48794 million

New fixed assets = $2.98 million × (1 + 4.7%)

New fixed assets = $2.98 million × 1.047

New fixed assets = $3.11986 million

Step 2: Calculate the new fixed asset turnover ratio:

Fixed asset turnover = (New sales) / (New fixed assets)

Fixed asset turnover = $1.48794 million / $3.11986 million

Fixed asset turnover = 0.476569

Step 3: Round the result to two decimal places.
New fixed asset turnover = 0.48 (rounded to two decimal places)

So, JPJ's new fixed asset turnover is 0.48.

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Shannon is a purchasing agent for a national chain of fast food restaurants. French fries are one of the most popular items on the menu. Paula is a potato farmer in Idaho. Shannon and Paula entered into a futures contract to set the price of Paula's potatoes. True or False: Shannon is obligated to purchase potatoes from Paula today.

Answers

False. Shannon is not obligated to purchase potatoes from Paula today. The futures contract is an agreement between Shannon and Paula to set the price of potatoes for a future date.

A futures contract is a legally binding agreement between two parties to buy or sell a specific commodity at a predetermined price on a specified future date. In this case, Shannon and Paula entered into a futures contract to establish the price of potatoes. The contract allows Shannon to secure a future supply of potatoes at a predetermined price, protecting against potential price fluctuations.

However, the futures contract does not require immediate action. It sets the terms for a future transaction, typically at a predetermined delivery date. This means Shannon is not obligated to purchase potatoes from Paula today. The contract establishes the price and terms for a future purchase, allowing Shannon to plan and budget accordingly for the supply of potatoes needed by the fast food restaurants.

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3. Not all the busines contracts
are legal. Justify.

Answers

Answer:

They could be scams wanting money out of you. It is simple as that they can act as a business but they aren't. To be honest with you you are your own business because whatever you do is good or well so you don't need approval on others so my answer is scammers cause other businesses are working hard to make money and respect their customers!

When a consumer is able and willing to buy a good or service, what does he or
she create?
a. Supply
b. Rush
c. Demand
d. Momentum

Answers

I’m pretty sure it’s C

Two reasons why excellent customer service is important to every business

Answers

1) Prevents business failure

About 96% of American businesses close their doors within 10 years. One of the contributing problems is poor customer service. Buyers become frustrated over small problems that are not addressed. It happens when a business does not have good customer service associates who follow up on questions and promptly fill requests.

2) Creates endorsements

Loyal customers provide positive endorsements and good online reviews that can help businesses strengthen their brand. A loyal customer, on average, is 10 times more valuable than their first purchase. Research shows that people often make purchasing decisions based on recommendations from family and friends vs. advertising messages. Here are four statistics:

About 97% of customers will tell others about very good or excellent customer service experiences.
Nearly 70% of people would spend more money with a company that has excellent customer service.
Approximately 24% of satisfied customers will return to a business two or more years after a good customer service experience.
Research shows that 59% of people would try a new company to receive better customer service.

Hope this helps :) if you need more I can help

12.
Multiculturalism can hinder the effectiveness of sharing knowledge, skills, and experience.
A.true
B.false

Answers

Multiculturalism can hinder the effectiveness of sharing knowledge, skills, and experience is false.

In plain English, what is multiculturalism?

Multiculturalism, the idea that people of other races, ethnicities, and cultures should be given special consideration for their distinctions from those of a dominant political culture.

What are a few illustrations of multiculturalism?

Multicultural people—like Chinese Canadians, Turks in Germany, or Arabs in the United States—often think, perceive, act, and react to global workplace difficulties in more complex ways than monocultural people. Some multiracial people use these distinctions to their advantage in the workplace.

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Which of the following is one of the main benefits that FDI provides to the home country?Multiple ChoiceThe home country's balance of payments benefits from the inward flow of foreign earnings.FDI benefits the home country by substituting domestic production.FDI increases employment in the home country in the short run.The balance of payments position improves from the initial capital outflow required to finance the FDI.The demand for exports from the home country will reduce in the long run.

Answers

The inflow of foreign earnings helps the home country's payment balance to improve. (A) is the correct answer.

When complete control of the foreign subsidiary is not required, licensing is a good option for entering a foreign market. According to the free market viewpoint, international manufacturing should be divvied up among countries based on comparative advantage theory.

The amount of FDI conducted more than a certain amount of time is referred to as the flow of FDI (normally a year).

In accordance with the eclectic paradigm, location-specific advantages play a significant role in explaining the rationale for and direction of investments from abroad. Greenfield investment entails establishing a new business in a foreign country.

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is it hard to get a job at chik fil a? kinda stupid question ik, I just really need money. if so any recommendations?

Answers

Answer: Maybe you can try getting a job at starbucks, mcdonalds, five below, etc. It depends how old are you.

I’m not sure, I think chipotle would be a great option though. Working there comes with many benefits like paying some of your tuition (or something along those lines.)

WILL BE MARKED BRAILIEST!!
3.A company sees that sales of its speakers have decreased over the past
120 days. Its most likely option is to first
design a market research plan

visit some stores selling the product
stop production of the product
lower prices and see what happens

Answers

Answer:

They company goes out of business?

Explanation:

In general, business writing should be _____.

Answers

Business writing is important in the business community. The writing style and material must be specific in order to elicit a meaningful reaction and be expressive in nature.

What is a company definition in a nutshell?

A business is described as a company or organisation that engages in commercial, industrial, or professional activity. Companies can be either for-profit or non-profit organisations. Limited liability firms, sole proprietorships, corporations, and partnerships are all examples of business structures. The introduction to the business plan provides a basic summary of the business plan, including a brief company description, aims and objectives, and the reason for launching the firm.

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