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

Author Question: The Cobb-Douglas production function is: Q = 1.4L0.6K0.5 . What would be the percentage change in ... (Read 99 times)

CQXA

  • Hero Member
  • *****
  • Posts: 546
on: Jul 1, 2018
The Cobb-Douglas production function is: Q = 1.4L0.6K0.5 . What would be the percentage change in output (?Q) if labor grows by 3.0 and capital is cut by 5.0? HINT: ?Q = (EL  ?L) + (EK  ?K)
 a. ?Q = + 3.0
  b. ?Q = + 5.0
  c. ?Q = - 0.70
  d. ?Q = - 2.50
  e. ?Q = - 5.0

Question 2

What are the different methods to measure industry concentration?
 a. Four-firm concentration ratio.
  b. HHI index.
  c. Total output
  d. a and b only


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jaymee143

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jul 1, 2018
Answer to Question 1

c

Answer to Question 2

d


CQXA

  • Member
  • Posts: 546
Reply 2 on: Jul 1, 2018
:D TYSM

komodo7

  • Member
  • Posts: 322
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

The More Things Change, The More They Say the Same: Dividing the Nation's Income The More Things Change, The More They Say the Same: Dividing the Nation's Income
Defining Climate Change Defining Climate Change
How to evaluate and sketch a piecewise function (Part 1) How to evaluate and sketch a piecewise function (Part 1)
Ways to Measure Percentage of Body Fat Ways to Measure Percentage of Body Fat
ATP Production in Cardiac Muscle ATP Production in Cardiac Muscle
The production of a new allopolyploid species The production of a new allopolyploid species
Video: Structures that affect circulation - venous return

For a complete list of videos, visit our video library