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jok3333 [9.3K]
3 years ago
15

The Cobb-Douglas production model is a function that relates production outputs with a combination of different inputs. Agricult

ural data from 44 countries around the world, concerning agricultural production Q, labor L, capital K, fertilizer F, and hectares of arable land H, can be used to create an agricultural production model for countries using a Cobb-Douglas function given by
Q= 3.41 L^0.266 .K^2.06 F^0.299.H^1.41

The exponents in the Cobb-Douglas model are called elasticities. Find the percentage increment in production if a country has a 1% increase in Labor.
Mathematics
1 answer:
ANTONII [103]3 years ago
3 0

Answer:

0.266 percent

Step-by-step explanation:

With labor increasing by 1 percent, we are to find how much level of production would also increase given the coubglas function in the question.

Level of production = ∆Q/Q

We differentiate the function Q with respect to Labour, L.

∆Q/∆L = 0.266Q/L

∆Q/Q = 0.266∆L/L

∆L/L = 1

∆Q/Q x 100 = 1 *0.266

= 0.266%

Please refer to the attachment

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ELEN [110]

7*60 = 420

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93- 100 = 53-60

subtract 40 from 93. 

1.53*8 = 12.24

Answer: 12 hours and 24 Minutes

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During a solar eclipse, what is causing the earth’s view of the sun to be darkened?
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4.5 x 10^16 molecules of carbon dioxide are equal to how many moles?
IgorC [24]

Step-by-step explanation:

1 mole of any substance = 6.022 * 10²³ molecules.

Number of moles of CO2

= (4.5 * 10¹⁶)/(6.022 * 10²³)

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How much do u need to subtract from 41/6 to make 6
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3 years ago
A certain number of sixes and nines is added to give a sum of 126; if the number of sixes and nines is interchanged, the new sum
galina1969 [7]

Answer:

Original number of sixes = 6

Original number of nines = 10

Step-by-step explanation:

We are told in the question that:

A certain number of sixes and nines is added to give a sum of 126

Let us represent originally

the number of sixes = a

the number of nines = b

Hence:

6 × a + 9 × b = 126

6a + 9b = 126.....Equation 1

If the number of sixes and nines is interchanged, the new sum is 114.

For this second part, because it is interchanged,

Let us represent

the number of sixes = b

the number of nines = a

6 × b + 9 × a = 114

6b + 9a = 114.......Equation 2

9a + 6b = 114 .......Equation 2

6a + 9b = 126.....Equation 1

9a + 6b = 114 .......Equation 2

We solve using Elimination method

Multiply Equation 1 by the coefficient of a in Equation 2

Multiply Equation 2 by the coefficient of a in Equation 1

6a + 9b = 126.....Equation 1 × 9

9a + 6b = 114 .......Equation 2 × 6

54a + 81b = 1134 ........ Equation 3

54a + 36b = 684.........Equation 4

Subtract Equation 4 from Equation 3

= 45b = 450

divide both sides by b

45b/45 = 450/45

b = 10

Therefore, since the original the number of nines = b,

Original number of nines = 10

Also, to find the original number of sixes = a

We substitute 10 for b in Equation 1

6a + 9b = 126.....Equation 1

6a + 9 × 10 = 126

6a + 90 = 126

6a = 126 - 90

6a = 36

a = 36/6

a = 6

Therefore, the original number of sixes is 6

7 0
3 years ago
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