If the Cobb-Douglas production function is q = L 0.75 K 0.25 , and K = 16,

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If the Cobb-Douglas production function is q = L^0.75K^0.25, and K = 16, what is the elasticity of output with respect to labor?

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Microeconomics Theory And Applications With Calculus

ISBN: 978-0134167381

4th Edition

Authors: Jeffrey M. Perloff

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Question Posted: Jul 11, 2018 07:05 AM

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If the Cobb-Douglas production function is q = L 0.75 K 0.25 , and K = 16,

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Microeconomics Theory And Applications With Calculus

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