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jok3333 [9.3K]
2 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]2 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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Arada [10]

The value of the text statistic. F  is given as : 0.742 See explanation below.

<h3>What is a test statistic?</h3>

A test statistic is a numerical value determined by a statistical test.

It quantifies the distance between your observed data and the null hypothesis of no link between variables or no difference between sample groups.

<h3>What is the solution to the answer above?</h3>

Test Statistic F is given by:

= σ²₁/σ²₂

= 0.93²/1.08²

= (0.93/1.08)²

= 0.8611²

= 0.742

Learn more about Test Statistic at;
brainly.com/question/6589776
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4 0
1 year ago
Can u answer #19. I really need help. And PLEASE SHOW UR WORK!!!!!!!!!!!!
hoa [83]
P = m + n / -5 
-5p = m + n ( because -5 was dividing with m + n so on an other side it will multiply )
-5p - m = n
7 0
3 years ago
Read 2 more answers
Please Help! I will give brainliest!
sdas [7]

Answer:

D

Step-by-step explanation:

7 0
2 years ago
Is 2x+4+3(2x-1) equivalent to 8x-2
almond37 [142]

Answer: 2x+4+3(2x-1) is not equivalent to 8x-2. it is equivalent to 8x+1

Step by step solution:

Step 1 :

Equation at the end of step 1 :

(2x + 4) + 3 • (2x - 1)

Step 2 :

Final result :

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3 0
3 years ago
Answer pls in standard form too
romanna [79]

Answer:

a)

Slope form y=2x+3

Standard form 2x-y=-3

b)

Slope y=3/5x-6

Standard 3x-5y=30

c)

slope y=-3/2x+9

standard 3x+2y=18

d)

slope y=-3x+0

standard = 3x+y=0

Step-by-step explanation:

a)

Slope form y=2x+3

Standard form 2x-y=-3

b)

Slope y=3/5x-6

Standard 3x-5y=30

c)

slope y=-3/2x+9

standard 3x+2y=18

d)

slope y=-3x+0

standard = 3x+y=0

7 0
2 years ago
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