If the Cobb Douglas production function is q L0 75 K0 25 , and K 16, what is the elasticity of output with respect to labor ...

q L 025 K 076 K 16q L 025 16 075 Elasticity of output w ...

If the Cobb-Douglas production function is q = L0. 75 K0 .25 , and K = 16,

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If the Cobb-Douglas production function is q = L0.⁷⁵K0^.25, and K̅ = 16, what is the elasticity of output with respect to labor?

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Microeconomics Theory and Applications with Calculus

ISBN: 978-0133019933

3rd edition

Authors: Jeffrey M. Perloff

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Question Posted: Dec 29, 2017 12:50 AM

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If the Cobb-Douglas production function is q = L0. 75 K0 .25 , and K = 16,

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Microeconomics Theory and Applications with Calculus

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