--%>

Determine level of productivity in this economy

Assume that the hypothetical economy had the given relationship among its real domestic output and the input quantities essential for producing that level of output:

684_relation of hypothetical economy.png

Determine level of productivity in this economy?

 

 

E

Expert

Verified

Productivity will be 2.67r (= 300 / 112.5).

   Related Questions in Finance Basics

  • Q : Explain Statewide Cost Allocation Plan

    Statewide Cost Allocation Plan (SWCAP): It is the amount of state administrative, General Fund costs (example, amounts expended by the central service departments like the State Personnel Board, State Treasurer’s Office, State C

  • Q : Four major phases of the business cycle

    Normal 0 false false

  • Q : Equilibrium interest rate Normal 0

    Normal 0 false false

  • Q : How the production of public goods will

    Normal 0 false false

  • Q : Explain Financial Reporting Financial

    Financial Reporting: It is a set of documents made generally by government agencies at the end of accounting period. It usually enclose summary of accounting data for that time period, with background forms, notes, and other information.

  • Q : Describe factors affecting minimum cash

    Describe the factors affecting the option of a minimum cash balance amount. The minimum cash balance amount is find out by how easy it is to increase funds when needed, how predictable the cash flows are, and how risk averse managers are.

  • Q : Explain Category Transfer Category

    Category Transfer: It is a permitted transfer between categories or functions within the similar schedule of an appropriation. These transfers are currently authorized by Control Section 26.00 of the Budget Act (and proceeding to 1996-97, by Section 6

  • Q : Explain Conference Committee Conference

    Conference Committee: It is a committee of three members (that is two from the majority party and one from the minority party) from each house, appointed to gather and resolve differences among versions of a bill (example, when one house of the Legisl

  • Q : Better risk measure in evaluating risk

    Why is the coefficient of variation a better risk measure to employ than the standard deviation while evaluating the risk of capital budgeting projects? The coefficient of variation is a better risk measure than the standard deviation alone sinc

  • Q : Shapes of marginal-cost and the

    Normal 0 false false