Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Soru 11 As technology becomes more advanced, new innovation becomes increasingly more difficult. This is called rent-seeking. creative destruction. fishing-out effect. tacit knowledge. Soru 12

image text in transcribed
image text in transcribed
Soru 11 As technology becomes more advanced, new innovation becomes increasingly more difficult. This is called rent-seeking. creative destruction. fishing-out effect. tacit knowledge. Soru 12 How many of the following formulas are correct? W = W/P MPL=dY/dL MPK= 1-MPL (y1/v2)=(A1/A2)*(f1/12) where w real wage, W money wage, P price level, Y output, L labor, MPL marginal product of labor, MPK marginal product of capital, y output per worker, A productivity, f factors of production per worker. And 1 and 2 denote two different countries. WANK

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Math For Business And Finance An Algebraic Approach

Authors: Jeffrey Slater, Sharon Wittry

1st Edition

0077639626, 9780077639624

More Books

Students also viewed these Economics questions

Question

Illustrate the systems approach of family therapy.

Answered: 1 week ago

Question

The quality of the argumentation

Answered: 1 week ago