In the Harrod-Domar growth model, if 12.5% of income is saved, the incremental capital output ratio is 2.5 and the rate of depreciation is 4%, what is the implied rate of growth?

Which of the following is NOT considered to be an economic resource?

A) an engineer B) a company truck C) a local gas station D) a view of the moon on a clear night

Suppose the cost function is C(Q) = 50 + Q ? 10Q2 + 2Q3. What is the total cost of producing 10 units?

A. $2,060 B. $1,060 C. $1,010 D. $560