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 74 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
Thanks for the timely response, appreciate it

mammy1697

  • Member
  • Posts: 341
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

Arterial System Anatomy Arterial System Anatomy
A schematic of the circulatory system illustrating the pulmonary circulation picking up oxygen from A schematic of the circulatory system illustrating the pulmonary circulation picking up oxygen from
Some vehicles use a surge tank, which is located at the highest level of the cooling system, with ... Some vehicles use a surge tank, which is located at the highest level of the cooling system, with ...
The major structures of the limbic system: amygdala, hippocampus, cingulate cortex, fornix, septum, ... The major structures of the limbic system: amygdala, hippocampus, cingulate cortex, fornix, septum, ...
Anatomy of the respiratory system Anatomy of the respiratory system
The two circuits of the human cardiovascular system The two circuits of the human cardiovascular system
Video: Neuron Structure Animation

For a complete list of videos, visit our video library