Problem Set # 3 Solutions Chapter 7 #2 a) The production function in the Solow growth model is Y = f(K‚L)‚ or expressed in terms of output per worker‚ y = f(k). If a war reduces the labor force through casualties‚ the L falls but Capital-labor ratio k = K/L rises. The production function tells us that total output falls because there are fewer workers. Output per worker increases‚ however‚ since each worker has more capital. b) The reduction in the labor force means that the capital stock
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The Central Meaning of American Dream Immigration started to seeking for their possible future likely for more than 400 years‚ when the first group of immigrants on the ship Mayflower came to the “New World”‚ a place that offered much more freedom than their original home. The English pilgrims came to the land to seek their freedom in religion. In modern day‚ the meaning for being an American are more than just dreams‚ future‚ opportunity and freedom. The people who immigrated to America in
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A buffer solution can maintains a narrow range of pH even when strong acid are added. In our experiment‚ we can see water is not a buffer‚ water can undergo very big changes when small amounts of strong acid or strong bases are added. When the strong acid‚ 100µl HCl was added into the dd water‚ the pH value changed from 7.38 to 5.83 which mean the dd water has turn into acid. The same phenomenon occurs while strong base‚ 100µl NaOH was added into the dd water. The pH value changed from 7.07 to 9
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The Financial Detective‚ 2005 proportion Financial characteristics of companies vary for many reasons. The two most promi_ nent drivers are industry economics and firm sfategy. Each industry has a financial norm around which companies within the industry tend to operate. An airline‚ for example‚ wourd naturary be expected to have a high of fixed assets (airplanes)‚ manufacturer would be expected to have a lower gross margin than a pharmaceutical manufacturer because commodities such as
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CHAPTER 1 Understanding the issues 1. (a) horizontal combination—both are marine engine manufacturers (b) vertical combination—manufacturer buys distribution outlets (c) conglomerate—unrelated businesses 2. By accepting cash in exchange for the net assets of the company‚ the seller would have to recognize an immediate taxable gain. However‚ if the seller were to accept common stock of another corporation instead‚ the seller could construct the transaction as a tax-free reorganization
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Bethel School District vs. Fraser This case involved a public high school student‚ Matthew Fraser who gave a speech nominating another student for a student elective office. The speech was given at an assembly during school as a part of a school-sponsored educational program in self-government. While giving the speech‚ Fraser referred to his candidate in what the school board called "elaborate‚ graphic‚ and explicit metaphor." After his speech‚ the assistant principal told Fraser that the school
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Solutions for Homelessness This great nation of awesome power and abundant resources is losing the battle against homelessness. The casualties can be seen on the street corners of every city in American holding an "I will work for food" sign. Homeless shelters and rescue missions are at full capacity. There is no room at the inn for the nation’s indigent. Anyone who has studied this issue understands that homelessness is a complex problem. Communities continue to struggle with this socio-economic
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DECISION MAKING ACROSS ORGANIZATION Team B ACC/561 DECISION MAKING ACROSS ORGANIZATION BYP 18-1 The Martinez Company has decided to introduce a new product. The new product can be manufactured by either a capital-intensive method or a labor-intensive method. The manufacturing method will not affect the quality of the product. The estimated manufacturing costs by the two methods are as follows: Capital-Intensive Labor-Intensive
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the company have to sell to make the same net income as last year? 5. If Jupiter wishes to maintain the same contribution-margin ratio‚ what selling price per unit of product must it charge next year to cover the increased direct-material cost? SOLUTION 1. Unit contribution margin = $625‚000 - $375‚000 / 25‚000 units = $10 per unit Break-even point (in units) = fixed costs / unit contribution margin = $150‚000 / $10 = 15‚000 units 2. Number of sales units required to earn target net profit
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Rachel Bohnenberger Professor Van Doorn ENVS 150-002 30 January 2015 Critique Two In the first video‚ The Story of Solutions‚ the main focus was to shift attention from making more and more for the economy to making the economy better. It was described in the video that in order to make the economy better‚ we need to focus our attention on sustainability. One example given was banning plastic bags. Two methods were given on how to accomplish said task—the old method and the new method. The old
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