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 71 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
Gracias!

Alyson.hiatt@yahoo.com

  • Member
  • Posts: 354
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

The horizontal fraction bar was introduced by the Arabs.

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Blue whale skeleton at the Canadian Museum of Nature in Ottawa, Ontario. Blue whale skeleton at the Canadian Museum of Nature in Ottawa, Ontario.
Tooth Numbering System Tooth Numbering System
Vienna: Social Structure and Social Interaction Vienna: Social Structure and Social Interaction
Effect of cooperative substrate binding on enzyme kinetics Effect of cooperative substrate binding on enzyme kinetics
Soil as a system Soil as a system
The Global Positioning System determines the location of an object from its distances to ... The Global Positioning System determines the location of an object from its distances to ...
Video: Digestive chemicals - types & enzymes

For a complete list of videos, visit our video library