Top Posters
Since Sunday
6
y
2
m
2
m
2
u
2
m
2
B
2
M
2
e
2
k
2
N
2
y
2
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
johnpaul92 johnpaul92
wrote...
Go to Answer
Posts: 2600
Rep: 9 0
8 years ago
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.
Textbook 
Macroeconomics

Macroeconomics


Edition: 8th
Authors:
Read 246 times
3 Replies
Replies
Answer verified by a subject expert
supamansupaman
wrote...
#1
Top Poster
Posts: 2219
Rep: 49 0
8 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

johnpaul92 Author
wrote...
#2
8 years ago
This answers my question, thank you so much
wrote...
#3
8 years ago
Every little bit helps, right? Glad I solved your question
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  559 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 332
  
 139
  
 295
Your Opinion
Who's your favorite biologist?
Votes: 608
Previous poll results: What percentage of nature vs. nurture dictates human intelligence?