Grace is designing a new cake product to be sold in her own cake shop. She follows the New Product Development process. After initial screening, she comes up with two ideas out of many. The next step she will do is____________.
Answers
Based on the evaluation and analysis, Grace will select the idea that has the highest potential for success and move on to the next stage of the New Product Development process, which is product development and testing.
After the initial screening process, Grace has come up with two ideas for her new cake product. The next step she will do is evaluate and analyze these ideas. To evaluate the ideas, Grace will need to consider several factors. One important factor is the feasibility of each idea. She will assess whether the ideas can be successfully executed given her available resources, such as ingredients, equipment, and expertise. For example, if one of the ideas requires a rare and expensive ingredient that is difficult to source, it may not be feasible to produce it on a large scale. Another factor to consider is the market potential of each idea. Grace will need to research and analyze the target market for her cake products. She will assess whether there is demand for the ideas she has come up with, and whether they align with current trends and preferences. For example, if one of the ideas is a gluten-free cake, Grace will need to evaluate if there is a market for gluten-free products and if it fits with her target audience.
Grace will also consider the competitive landscape. She will analyze if similar cake products are already available in the market and how her ideas compare to them. This will help her identify any unique selling points or advantages her ideas may have. Additionally, Grace will assess the financial viability of each idea. She will estimate the production costs, pricing, and potential profitability of each idea. This analysis will help her determine if the ideas are economically feasible and if they can generate sufficient revenue to cover costs and make a profit. Finally, Grace may also seek feedback from potential customers, friends, or industry experts to gather opinions and insights on her ideas. This external input can provide valuable perspectives and help her make informed decisions.
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Related Questions
Lane is considering a career as a public relations specialist in which he
would make about $38,000 a year. But he realizes it will cost him about
$52,000 bbbc to get the degree he needs. If Lane decides to move forward,
what will his ROI be after the first year in his career
Answers
Answer:
0.73 or 73%
Explanation:
Return on investment (ROI) shows the benefit an investor receives in relation to their invested amount. It is expressed as a ratio or a percentage of the net income against the investment's cost.
It is calculated using the formula below.
ROI = returns( profits)/ cost of investments.
For Lena, the cost of investment is $52,000( cost of the degree). The returns for one are the earnings in the year, which is $38,000.
ROI= $38,000/ $52,000
ROI =0.73 or 73%
what is referred to a process that involves developed action plan that leads to achieving specific goals
Answers
Answer:
The appropriate approach is "Developing strategic plan ".
Explanation:
Knowing what it does and reevaluating it to ensure that it is the leading northern star for certain activities seems to be the secret to creating a successful strategic planning strategy. This strategy includes defining the intent, strategies, and procedures of an organization which would be used to achieve those objectives. As such, this strategy seems to be an important aspect of the operation of an organization, even though it is necessary to undertake the process of designing the schedule with serious thought and thoroughness.Goal setting is the process which involves developed action plan.
Let understand that "Goal setting "involves drawing an action plan in order to motivate and guide a person or group toward a goal.
Setting a deadline for a goal create a schedule to achieve the particular goal.
Some benefit of goal setting in an organisation includes:
Goals provides Motivation because energy are directed for accomplishment of the task.Its provides a dedicated direction for the company.Goal setting result to sense of personal satisfaction.Its bring forth clear focus on what is important.Its brings Clarity in Decision Making in a company.New goals become part of an organisation purpose of existence.Learn more about Goal setting here
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Your friend Jody comes to you asking for advice. She owns a moving company called "Whatever Moves You, LLC" (they have cute musical notes in logo—very clever). She has owned the business for 45 years and has seen tremendous growth. Jody would like to transfer ownership of her business to her 30 year old daughter so that she may retire. What do you tell Jody?
Answers
I will tell Jody the following "You will need to work with an attorney to see if this is even possible because rules about the transferability of LLC's vary by state."
Working with an attorney is the best way to determine if transferring your LLC is possible and how to do so legally.
Your attorney will be knowledgeable about the rules and regulations specific to your state that relate to LLC transferability.
Further, they will be able to provide specialized advice and best practices for Jody to navigate through this process in order to ensure that it is done correctly and efficiently.
With their help, Jody can rest assured that your LLC transfer will be completed in a timely manner, allowing Jody to move forward without delay in business. Hence, Jody needs to consult the attorney to transfer the ownership.
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a project's initial cash outflow is $2,000,000. the project generates a cash inflow of $400,000 for 8 consecutive years. using irr, should the project be accepted if the required rate of return is 12%? what if the required rate of return is 10%?
Answers
a) The project should be accepted if the required rate of return is 10%
b) The project should be rejected if the required rate of return is 12%
To determine whether the project should be accepted, we need to calculate the internal rate of return (IRR) of the project and compare it to the required rate of return (RRR).
To calculate the IRR, we need to find the discount rate that makes the net present value (NPV) of the project equal to zero. We can use Excel's IRR function to calculate this.
At a required rate of return of 12%, the IRR of the project is approximately 9.15%. Since the IRR is less than the RRR, the project should not be accepted at this rate.
At a required rate of return of 10%, the IRR of the project is approximately 12.39%. Since the IRR is greater than the RRR, the project should be accepted at this rate.
Therefore, whether the project should be accepted or not depends on the required rate of return. If the RRR is less than the IRR, the project should be accepted, and if the RRR is greater than the IRR, the project should be rejected.
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FIRST ANSWER WILL BE NAMED BRAINLIEST
Which action would effectively and appropriately address a budget deficit?
A. reduce income
B. reduce expenses
C. apply for bankruptcy
D. apply for new credit
Answers
Answer:
It is letter B
Explanation:
Reducing expenses would effectively and appropriately address a budget deficit. Thus option B is correct.
What is the budget?A budget is a financial plan that projects future earnings and costs. A budget, put simply, forecasts future finances in addition to anticipated revenues and expenditures. Calculating the company's earnings and costs for a set period of time is the procedure for creating a budget.
Increasing tax rates while decreasing government expenditures are the two apparent ways to minimize a budget deficit. the reduction of government spending and/or the raising of taxes, which results in either a rise in the primary surplus or a decrease in the budget deficit. greater taxes and less funding by the government. If public spending is lower than tax receipts, a budget surplus results.
Therefore, option B is the correct option.
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Use cost structure concepts (i. E. Fixed costs,
variable costs, semi-variable costs/mixed costs, and step
costs/step-fixed costs) to answer the following questions:
Suppose the community college wants
Answers
To answer the questions regarding cost structure concepts for the community college, we need to understand the different types of costs involved: Fixed Costs.
These costs do not change with the level of activity. Examples of fixed costs for the college may include administrative salaries, building rent, or insurance premiums. Regardless of the number of students or courses offered, these costs remain constant. Variable Costs: These costs vary in direct proportion to the level of activity. For the college, variable costs could include faculty salaries (based on the number of classes taught), classroom supplies, or utility expenses (which increase with the usage of facilities). Semi-Variable Costs/Mixed Costs: These costs have both fixed and variable components. An example for the college could be maintenance costs, which include a fixed base cost plus additional expenses based on the size or usage of facilities.
Step Costs/Step-Fixed Costs: These costs remain fixed over a certain range of activity levels but increase abruptly when a threshold is reached. For the college, step costs could be hiring additional staff or expanding facilities when student enrollment reaches a certain threshold. Understanding these cost structures is essential for budgeting, financial planning, and decision-making at the community college. By analyzing cost behavior, the college can make informed choices about resource allocation, pricing of courses, and financial sustainability.
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true or false: the inflows of legal and illegal immigration indicate that this investment has a neutral return to movers.
Answers
The given statement is false. In economic terms, the inflows of legal and illegal immigration indicate that this investment has a positive return to movers.
What factors can influence immigration flow?Demographic factors such as age, education, marital status, and language affect a person's willingness to migrate. Worsening political and environmental conditions abroad and/or bettering conditions at home can lead to less migration.
Conditions which influence an individual's quality of life vary from person to person, but may be the main factors leading to immigration. These can include labor standards, poverty, and the overall state of a country to afford a quality life.
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jimmy must be at work no later than 7:00 a.m. on the days he works. because he must hurry to get to work, he runs over a lady going across the street. she sues jimmy and his employer for her injuries. she has:
Answers
Jimmy has to be at work by 7am on working days. As he has to rush to work, he is run over by a woman crossing the street. She is suing Jimmy and his employer for injuries. she has a lawsuit against Jimmy, but not against his employer.
Can I sue my employer for workplace injury in California?Generally, you cannot sue your employer for work-related injuries, including those from slips and falls. Instead, you should apply for workers' compensation through the California Workers' Compensation System. In California, the statute of limitations for personal injury is usually two years from the date of injury.
How do you file a complaint against an employer in Florida?In most cases, you cannot sue your Florida employer for work-related injuries. However, there are some exceptions where you can sue your employer. There are two ways to complain to the DOL (Department of Labor). You can visit website at DOL to find the office closest to you, or call 1-866-4USWAGE to make a claim.
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why is taxation of individuals less important in government revenues of latin american countries compared to other countries in the world?
Answers
The architecture of the tax systems in these nations has been relatively little influenced by economic theory, particularly the research on optimal taxation.
What is taxation?In practically every nation on the planet, governments impose taxes as mandatory levies on people or things. Taxation is primarily used to generate money for government spending, though it can also be used for other things. A tax is a mandatory financial charge or other sort of levy that is placed on a taxpayer by a governmental entity in order to pay for public services and other expenses. Taxes are essential because governments use the money they raise from them to fund social programmes. Government investments in the healthcare industry would not be possible without taxes. Health services including social healthcare, medical research, social security, etc. are paid for by taxes.
Hence, The architecture of the tax systems in these nations has been relatively little influenced by economic theory, particularly the research on optimal taxation.
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A new business has total sales of $14,000, applied $1,350 in merchandise discounts, and had returns of $234. Calculate the business's total net sales.
Answers
Answer:
$12,416
Explanation:
Applied merchandise discounts mean discounts issued.
The net sales will be total sales minus merchandise discounts applied minus returns.
Net sales = total sales - ( discounts + returns)
Net sales = $14,000 - ( $1,350 + $234)
Net sales = $14,000 - $1,584
Net sales = $12,416
list five of the important accounting assumptions that have had an impact on the development of generally accepted accounting principles.
Answers
Five important accounting assumptions that impact GAAP are: Going Concern, Accrual Basis, Monetary Unit, Time Period, and Historical Cost, guiding financial reporting for consistency and accuracy.
Five important accounting assumptions that have had an impact on the development of generally accepted accounting principles (GAAP) are:
1. Going Concern Assumption: This assumption assumes that the entity will continue its operations in the foreseeable future. It allows accountants to prepare financial statements under the assumption that the company will not liquidate or go bankrupt.
2. Accrual Basis Assumption: The accrual basis assumption requires that transactions and events are recorded in the financial statements when they occur, regardless of when the cash is received or paid. It helps provide a more accurate representation of a company's financial performance and position.
3. Monetary Unit Assumption: The monetary unit assumption assumes that the financial transactions and events recorded in the financial statements are expressed in a stable currency, such as the U.S. dollar. It allows for the measurement and comparison of financial information over time and between different entities.
4. Time Period Assumption: The time period assumption assumes that the economic activity of an entity can be divided into specific time periods for financial reporting purposes. It allows for the preparation of financial statements on a regular basis, such as monthly, quarterly, or annually.
5. Historical Cost Assumption: The historical cost assumption requires that assets and liabilities are recorded at their original acquisition or production cost. This assumption provides reliability and verifiability to the financial statements, but it may not always reflect the current market value of assets and liabilities.
These accounting assumptions form the foundation of GAAP and help guide the recognition, measurement, and disclosure of financial information to ensure consistency, comparability, and relevance in financial reporting.
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Picture your ideal retirement and describe.
Answers
Answer:
Lots of money
Explanation:
I would want to save up in order to play sports and video games all day. I would also like to travel a lot
Answer:
Explanation:
I am retired. I have a pension that takes care of my needs for now. It won't once the economies realize what they've done. Practically no one will be able to retire.
So I'm lucky in that I can pretty much do what I want within the jurisdiction where I live. Right now the virus is leading us on a merry chase and our borders are closed. I'm told it's a good thing because the medical care is being overwhelmed. I certainly didn't plan that.
I have the best care that anyone could wish for. I have Cancer but my two specialists take of me with a medication that only 10% of the population respond to, so I'm lucky. That's something I didn't plan on either but I should have. Both my parents succumbed to Cancer. And you have to take into account the bad with the good.
I love to travel and look forward to the borders opening up. Nothing is going to hold me up. You must always figure on what interests you have to become what you like to do. Everyone where I am does have an interest, but I don't think watching television should really count. I do like answer questions on Brainly. I've learned how to write answers that I'm satisfied with, even if students are not.
What is payment by cash?
What is it used for?
Answers
Answer:
payment by cash is when you pay for something by cash
Explanation:
Answer:
When you use cash instead of your card.
Explanation:
Lets say you are going to the shop, to buy something- You arrive at the till and realise that you have not got your card with you , but instead you have cash. So that is what payment by cash is
Stanley Inc. must purchase $6,000,000 worth of service equipment and is weighing the merits of leasing the equipment or purchasing. The company has a zero tax rate due to tax loss carry-forwards, and is considering a 5-year, bank loan to finance the equipment. The loan has an interest rate of 10% and would be amortized over 5 years, with 5 end-of-year payments. Stanley can also lease the equipment for 5 end-of-year payments of $1,790,000 each. How much larger or smaller is the bank loan payment than the lease payment? Note: Subtract the loan payment from the lease payment.
a. $177,169
b. $196,854
c. $207,215
d. $217,576
e. $228,455
Answers
The amount larger or smaller is the bank loan payment than the lease payment is: c. $207,215.
Bank loan paymentIn order tom determine the bank loan payment we would be using financial calculator find the PMT by inputting the below data
N= Number of years = 5
1/Y= Interest rate= 10%
PV=Present value= -$6,000,000
FV=Face value = 0
PMT=Payment=?
Hence:
PMT=$1,582,784.88
Now let determine the bank loan payment
Bank loan payment=$1,790,000 -$1,582,784.88
Bank loan payment=$207,215
Inconclusion the amount larger or smaller is the bank loan payment than the lease payment is: c. $207,215.
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a monopolistically competitive industry shares some of the same characteristics as perfect competition, including:
Answers
Perfect competition and monopolistically competitive industries both have a large number of businesses and easy entry and departure points.
Which characteristic is similar to both perfect competition and monopolistic competition?The presence of numerous enterprises and ease of entry and exit are two traits that perfect competition shares with monopolistically competitive industries.
The closest comparison between perfect and monopolistic competition is between them. The lack of entry barriers in both market systems results in a large number of sellers and zero long-term profitability.
Unlike monopolistic competition, which has little entry barriers and gives a monopolist complete control over the market, monopolistic competition does not. If a company believes the profits will be sufficiently alluring, they can enter the market. Monopolistic competition resembles perfect competition as a result.
In that both types of markets have numerous consumers and sellers, monopolistic competition is similar to perfect competition in this regard. Small to no barriers exist to entering or exiting the market, and there is little to no impact on the equilibrium price.
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In her job as a pharmacy technician, Imani measures precise doses of medication for patients. What type of skill is this?
A. technical
B. soft
C. collaborative
D. academic
Answers
Based on the fact that Imani needs to precisely measure doses of medication for patients, this type of skill is a A. Technical skill.
What is a technical skill?A technical skill refers to one that a person gets from having specialized knowledge in several types of specialized tasks and projects.
The skill to be able to measure precise doses of medication that Imani has is a specialized knowledge that helps her in the pharmaceutical industry which makes it a technical skill.
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An employee in charge of collecting tickets at the entrance of a movie theatre lets her friends enter the theatre without paying for tickets. She thinks it is fine to do so because the employees at the popcorn bar give free popcorn to their friends. This type of rationalization is based on
Answers
The type of rationalization made by the employee is based on other employee are doing it.
Rationalization refers to when individual attempt to justify a behavior with logical reasons even though those reason are not appropriate.
Here, the employee does rationalize giving free entry to her friend because other employee gives free popcorn to their friends.Hence, the type of rationalization made by the employee is based on other employee are doing it.
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i. What is meant by derive demand? a. The demand is derived in beginning economic classes.
b. The demand is derived from income, tastes, etc. of sellers.
c. The demand is derived from the price elasticity of demand.
d. The demand for a resources id derived from the demand for what it can produce.
Answers
Answer:
D is the answer ( The demand for a resources is derived from the demand for what it can produce.)
Explanation:
elle wolfe, owner of wolfe winery wrote a company check to pay her personal credit card bill. What accounting principle did she violate
Answers
By writing a company check to pay her personal credit card bill, Elle Wolf violated the accounting principle known as "separation of business and personal expenses". This principle states that business and personal finances should be kept separate to maintain the integrity of financial records and to accurately reflect the financial position of the company.
By using a company check to pay her personal credit card bill, Elle Wolfe mixed her personal expenses with those of the business, which can lead to inaccurate financial reporting, making tracking and analyzing business expenses difficult. It can also raise concerns about the misuse of company funds.
To adhere to the separation of business and personal expenses principle, Elle Wolfe should have used personal funds or a personal check to pay her personal credit card bill. This ensures that the company's financial statements accurately reflect the true financial performance and position of the business.
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Which of the following factors would make the demand for a good elastic?
The good is a necessity.
The consumer does not have much time to shop for alternatives.
The good has many substitutes.
The good is only produced by one company, a monopoly.
Answers
Answer:
The god has manmyuuuu substitustes
Explanation:
OJT is best for large groups.
True
False
Answers
I think this is right
Tim receives a call from a friend when he is on a conference video call with his boss. What should be his next step?
Answers
Answer:
He shoukd apologises to his boss and send the other person to voicemail and creat a plan to call back later
Explanation:
Answer:
Disconnect the call
Explanation:
edmentum
At willow financial consulting, employees are allowed to choose what time they start each workday, as long as they arrive between the hours of 7:00 a.m. and 10:00 a.m. they must be on the job from 10:00 a.m. until noon and from 1:00 p.m. until 3:00 p.m. they are required to work a total of 8 hours each day, so the earlier they arrive, the earlier they can leave. this is a __________ system.
Answers
The system in which employees can arrive and leave early is known as the Flexitime system.
What is the Flexitime system?
It is a system in which employees' flexible working timings are designed. they can start and finish work at the timings in which they are suitable.
The employees who work in this type of system are known as Flexi employees. It is considered to be the alternative to the traditional 9 to 5 working system
Some of the advantages of the flexitime system is :
Better working environment The confidence of the employees is boosted up benefits In terms of pay and leavesstress is reducedSo, at willow financial consulting flexitime system is followed by the employees.
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what are the the paycheck calculations for the questions?
Answers
Al's net income is $2385.62 per month.
Suzie brings home $69,052.44 annually.
How to calculate the IncomeTo calculate Al's net income, we first need to determine how much he pays in taxes.
His Federal tax rate is 10.25%, which means he pays 10.25% of his gross income in Federal taxes.
10.25% of $2750 = 0.1025 x $2750 = $281.88
His State tax rate is 3%, which means he pays 3% of his gross income in State taxes.
3% of $2750 = 0.03 x $2750 = $82.50
To calculate his net income, we need to subtract his total taxes from his gross income.
Net income = Gross income - (Federal taxes + State taxes)
Net income = $2750 - ($281.88 + $82.50)
Net income = $2385.62
Therefore, Al's net income is $2385.62 per month.
To calculate Suzie's annual net income, we first need to determine how much she pays in taxes.
Her Federal tax rate is 11.5%, which means she pays 11.5% of her gross income in Federal taxes.
11.5% of $6750 = 0.115 x $6750 = $776.25
Her State tax rate is 3.25%, which means she pays 3.25% of her gross income in State taxes.
3.25% of $6750 = 0.0325 x $6750 = $219.38
To calculate her net income, we need to subtract her total taxes from her gross income.
Net income = Gross income - (Federal taxes + State taxes)
Net income = $6750 - ($776.25 + $219.38)
Net income = $5754.37
Since we have calculated Suzie's net income for one month, to determine her annual net income, we can simply multiply this by 12.
Annual net income = $5754.37 x 12
Annual net income = $69,052.44
Therefore, Suzie brings home $69,052.44 annually.
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Jorge's soccer team is having its annual fundraiser. The team hopes to earn at least three times as much as it did last year. Last year the team earned $87. What is the team's goal for this year?
Answers
Answer:
131usd is the aswer
Explanation:
87*3=131usd
In the fashion retail industry, Jennifer Hyman and Jennifer Fleiss were the first to use technology in such an innovative way. What is the best way to describe this entrepreneurial opportunity?
Answers
Answer:
Providing an existing product to an existing market in a new way
Explanation:
Jennifer Hyman and Jennifer Fleiss realised that there were some serious issues in the fashion industry. The younger group and women populace had the desire/demand to buy designers clothes but could not afford the same.
Moreover, the designers themselves wanted to reach this demographic audience. As these customers may face cash issues now but given the opportunity they were long life customers.
Therefore, Jennifer Hyman and Jennifer Fleiss came up with the idea to use technology in way that the could provide the existing products to the existing market in a cost effective way, thereby, enabling them to buy these designer made clothes.
Chemical manufacturer DuPont has approximately $0.68 in assets for every dollar in sales. According to asset intensity, for every $100 increase in sales, the firm would need about $100 of additional assets. Group of answer choices True False
Answers
It is True, based on asset intensity, that for every $100 increase in sales, Chemical manufacturer DuPont would need about $100 in additional assets.
What is asset intensity?The asset or capital intensity is a measure of the amount of assets needed to produce some dollars of sales revenue.
The asset intensity ratio is obtained by dividing the total assets by sales.
Thus, it is True, based on asset intensity, that for every $100 increase in sales, Chemical manufacturer DuPont would need about $100 in additional assets.
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Total revenue (TR) is:
A) The value of the firm's investment for the business to function
B) the value of a firm's profit per time period
C) a firm's sales revenue as a percentage of the industry's total revenue
D) the value of a firm's annual sales turnover over a specific period of time
Answers
Competition among sellers (producers) lowers costs and prices, and encourages producers to produce more of what consumers are willing and able to buy.
A. Explain how the above (free market competition) would be an advantage for you, the consumer.
B. Describe how an oligopoly OR monopoly could inhibit competition among businesses.
Answers
Answer:
A. Explain how the above (free market competition) would be an advantage for you, the consumer.
Free market competition is advantageous to the consumer because it promotes the supply of many goods and services, at a lower price than other market structures like oligopoly or monopoly.
In the free market, there are many firms, none have market power, and they produce goods and services that have many substitutes. This means that if a firm raises the price of a good, consumers simply flock to another firm that offers a similar product. This mechanism obliges firms to offer their goods at the market-clearing price, which is the best price for the consumer.
B. Describe how an oligopoly OR monopoly could inhibit competition among businesses.
Oligopolies ocurr when there are only a few firms in the market, and monopoly ocurrs when there is only one firm. These two market structures allow firms to charge higher prices than the market-clearing price, and to supply less quantity than the market-clearing quantity.
Besides, oligpolies and monopolies are characterized by high barriers to entry and exit, which keep potential competing firms out of market, inhibiting competition.
The Solow model demonstrates that A) in the absence of productivity growth, economic growth will turn negative in the long run. B) in the absence of productivity growth, economic growth will reach a steady state of zero per-capita growth in the long run. C) productivity growth will inevitably decline due to diminishing marginal productivity. D) productivity growth must exceed the rate of growth in the population to avoid a steady state in the long run
Answers
Answer:
Option B: In the absence of productivity growth, economic growth will reach a steady state of zero per-capita growth in the long run
Explanation:
The Solow model
This is the production function that gives people enough free hand or rooms to consider the accumulation of capital as a useful tool of long-run economic growth it is a dynamic model. Even if it can only mathematically solve for the endogenous variables in steady state, they are subscripted by time because the model holds at all points in time. And its addition to the production model includes capital stock is therefore not exogenous and the accumulation of capital is a possible tool of long-run economic growth.
Solow Model Strengths includes;
1. It gives a theory that shows how rich a country is in the long run( e.g. steady state)
2. It helps to understand differences in growth rates by using the principle of transition dynamics
Solow Model Weaknesses includes.
1. If the main tool studied in the model is investment in physical capital, that explains only a small fraction of the differences in income across countries
2. The model do not clearly explain differences in investment rates etc.