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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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<h2><u>Answer</u></h2>

Volume = \sf{\pi r^2 h}

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A study wanted to compare the 50 states food expenditures. The researchers measured the amount spent by the state's entire popul
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Answer:

D - Type of restaurant - fast food or more expensive.

Step-by-step explanation:

By a lurking variable we mean or refer to any variable that is unknown and not controlled for or out of individual control. When there is one or more lurking variables in any study it could results in accidental bias. According to Soares (1985), lurking variables are intrinsic and they are not actually caused by “accidents” in real sense. Hence he suggests that “lurking-variable bias” is a more suitable name for accidental bias.

Concluding that individuals who spend a lot on groceries also spend a lot at restaurants could be misleading in the sense that, groceries may have a more uniform price than restaurant regardless of your social class. For instance, type of restaurant could determine food cost. At some restaurant, food is quite expensive at another food is quite affordable. I may not to go any groceries store in a month but I patronize restaurant to eat daily.

It is also possible I don't patronize restaurants! And yet, I am frequent at groceries store.

In real sense, what I spent at groceries might be nothing compare to what I spend at restaurant and vice versa. Hence, the possible lurking variable is type of restaurant - fast food or more expensive which is unknown and not controlled for.

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3 years ago
Please help! ill give you a good review if you give me the correct answer!
earnstyle [38]

Answer: H

Step-by-step explanation:

The value would equal to -3 1/2 it also would equal to a 3 1/2 with a different answer. But if done completely different way of completion it would also equal to 1evaluate 1 Factor so it would equal to 1.

But in your case its just H  

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Step-by-step explanation:

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2) Write the point-slope form equation (Answer): y-3=-1.5\left(x+1\right)

3) Graph:

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Here is your answer

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