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 = L0.75 K0.25, and K = 16, what is the elasticity of output with respect to labor?
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Related Book For
Microeconomics Theory And Applications With Calculus
ISBN: 978-0134167381
4th Edition
Authors: Jeffrey M. Perloff
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