This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The unfunded nature of the Social Security system has no effect on investment. a. True b. ... (Read 72 times)

asmith134

  • Hero Member
  • *****
  • Posts: 576
on: Jul 1, 2018
The unfunded nature of the Social Security system has no effect on investment.
 
  a. True b. False

Question 2

Determine the output expansion path (equation) for a Cobb-Douglas production function f(L,K) = 10LaK1-a. How does the shape of the output expansion path change as a changes?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

shoemake

  • Sr. Member
  • ****
  • Posts: 343
Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

Using the MRTS = w/r:
aK/(1 - a)L = w/r K/L = (1 - a)w/ar
As a increases, the output path gets flatter.


asmith134

  • Member
  • Posts: 576
Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

dantucker

  • Member
  • Posts: 346
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

Did you know?

On average, the stomach produces 2 L of hydrochloric acid per day.

The circulatory system plays a central role in thermoregulation by the moth, Manduca sexta The circulatory system plays a central role in thermoregulation by the moth, Manduca sexta
The male reproductive system, sagittal section showing the organs of the system and their relation t The male reproductive system, sagittal section showing the organs of the system and their relation t
The Greenhouse Effect in a Car The Greenhouse Effect in a Car
Some scholars regard Walt Whitman as a poet of nature, and others, a poet of the body—a reference to Some scholars regard Walt Whitman as a poet of nature, and others, a poet of the body—a reference to
Procedures and Diagnostic Tests Related to the Female Reproductive System Procedures and Diagnostic Tests Related to the Female Reproductive System
Chilling Effect of a Cold Current Chilling Effect of a Cold Current
Video: Double Stranded DNA Molecule Animation

For a complete list of videos, visit our video library