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

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If the Cobb-Douglas production function is q = L0.75K0.25, and K = 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: Sep 21, 2024 05:17 AM

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

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Microeconomics Theory and Applications with Calculus

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