The components here deserve some comment: The marginal utility of consumption per head of labor in efficiency units
is taken to be a constant (a standard assumption); hence (1-s) is also a constant, dEA(t)/DR(t) is the expected marginal value of the return (say, in constant dollars).
The assumption of CRS production function and profit maximising behaviour of the firm implies the equality between price and unit cost in each of the three sector and the minimisation of cost of one efficiency unit
The aggregate number of efficiency units
supplied in period t is [Mathematical Expression Omitted], where [N.
This said, we now apply this equal valuation over time to a two-country world, in which each has set its market-rate of return equal to the steady-state growth rate of labor in efficiency units
6 Social efficiency Social efficiency in our model simply means maximum production, which again means maximum input of labour measured in efficiency units
Equation (7) indicates that the demand for labor is determined by setting the marginal product of labor equal to the real wage, both in terms of efficiency units
A project of Skid Row Housing Trust (SRHT), a non-profit organization formed in 1989 to preserve and construct low income housing stock as safe and affordable housing for Skid Row residents, the Rainbow Apartments is a new six-story courtyard complex comprising 87 furnished efficiency units
located at 643 S.
What are Negawatts or Energy Efficiency Units
Barnabas Hospital in downtown Minneapolis has been redeveloped to create 42 affordable efficiency units
Management contends that the reason for less than 90% occupancy is due to low demand for single-room efficiency units
ENERGY STAR models are high efficiency units
, which help to maintain a consistent power supply for everyone.
We'll continue to see strong demand from tenants moving into Southern California, especially from young singles wanting efficiency units
and larger Latino immigrant families needing three-bedroom apartments," said Raphael Bostic, Ph.