Biology Forums - Study Force

Other Fields Homework Help Economics Topic started by: johnpaul92 on Jan 30, 2016



Title: Over the past year, output grew 6%, capital grew 2%, and labor grew 4%. If the elasticities of outpu
Post by: johnpaul92 on Jan 30, 2016
Over the past year, output grew 6%, capital grew 2%, and labor grew 4%. If the elasticities of output with respect to capital and labor are 0.3 and 0.7, respectively, how much did productivity grow?
A) 3.0%
B) 2.0%
C) 3.3%
D) 2.6%


Title: Re: Over the past year, output grew 6%, capital grew 2%, and labor grew 4%. If the elasticities of o
Post by: supaman on Feb 4, 2016
Content hidden


Title: Re: Over the past year, output grew 6%, capital grew 2%, and labor grew 4%. If the elasticities of outpu
Post by: johnpaul92 on Feb 13, 2016
Wow, you answered what I thought was impossible to answer, thank you!


Title: Re: Over the past year, output grew 6%, capital grew 2%, and labor grew 4%. If the elasticities of outpu
Post by: supaman on Feb 14, 2016
Every little bit helps, right? Glad I solved your question