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Title: Suppose the current level of output is 5000. If the elasticities of output with respect to capital a Post by: johnpaul92 on Jan 30, 2016 Suppose the current level of output is 5000. If the elasticities of output with respect to capital and labor are 0.3 and 0.7, respectively, a 10% increase in capital combined with a 5% increase in labor and a 5% increase in productivity would increase the current level of output to
A) 5575. B) 5325. C) 6000. D) 5015. Title: Re: Suppose the current level of output is 5000. If the elasticities of output with respect to capit Post by: supaman on Feb 4, 2016 Content hidden
Title: Re: Suppose the current level of output is 5000. If the elasticities of output with respect to capital a Post by: johnpaul92 on Feb 13, 2016 This answers my question, thank you so much
Title: Re: Suppose the current level of output is 5000. If the elasticities of output with respect to capital a Post by: supaman on Feb 14, 2016 Every little bit helps, right? Glad I solved your question
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