Question
N8 Macroeconomics Suppose a homogeneous model which proves: If Tobin's q theory of investment, ( t )and C ( It , t )are linearly homogeneous,
N8
Macroeconomics Suppose a homogeneous model which proves: If Tobin's q theory of investment,(t)andC(It,t)are linearly homogeneous, then q-marginal is equal to q-average, that is,q(t)=(t)V((t)).
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Microeconomics
Authors: Douglas Bernheim, Michael Whinston
2nd edition
73375853, 978-0073375854
