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Home Q & A Board Other Fields Homework Help Business Economics
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johnpaul92 johnpaul92
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8 years ago
Suppose the current level of output is 5000 and the elasticity of output with respect to capital is 0.4. A 10% increase in capital would increase the current level of output to
A) 5500.
B) 5200.
C) 5050.
D) 5020.
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Macroeconomics

Macroeconomics


Edition: 8th
Authors:
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supamansupaman
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8 years ago
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johnpaul92 Author
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#2
8 years ago
Appreciate your help, thank you again
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