« previous next »

Author Question: Suppose the aggregate production function is represented by Y = AN. Which of the following ... (Read 146 times)

audragclark

  • Hero Member
  • *****
  • Posts: 579
on: Jun 30, 2018
Suppose the aggregate production function is represented by Y = AN. Which of the following expressions represents the number of additional workers required to increase production by one unit?
 
  A) 1/A
  B) Y/N
  C) 1/N
  D) 1/Y
  E) none of the above

Question 2

Explain the difference between endogenous and exogenous variables.
 
  What will be an ideal response?


taylorsonier

  • Sr. Member
  • ****
  • Posts: 377
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

Endogenous variables are determined by the model. Exogenous variables are taken as given and, for example in this model, do not change as income changes.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Though newer “smart” infusion pumps are increasingly becoming more sophisticated, they cannot prevent all programming and administration errors. Health care professionals that use smart infusion pumps must still practice the rights of medication administration and have other professionals double-check all high-risk infusions.

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Did you know?

Anti-aging claims should not ever be believed. There is no supplement, medication, or any other substance that has been proven to slow or stop the aging process.

Effect of Stress on Immune Function Effect of Stress on Immune Function
Block Diagram of a High Concentrate Nitric Acid System for Dual-Stage Pressure Production of Nitric Block Diagram of a High Concentrate Nitric Acid System for Dual-Stage Pressure Production of Nitric
How to find the anti-derivative of a function (Part 3) How to find the anti-derivative of a function (Part 3)
How to vertically shift a quadratic function along the y-axis How to vertically shift a quadratic function along the y-axis
Human of the planet's net primary production and appropriation of NPP Human of the planet's net primary production and appropriation of NPP
State the transformations on the function f(x)= 4sin(x-pi)-2 and then graph two cycles below. State the transformations on the function f(x)= 4sin(x-pi)-2 and then graph two cycles below.
Video: Stomach peristalsis & Enterogastric reflex

For a complete list of videos, visit our video library