Answer:
112 units of output
Step-by-step explanation:
Constant returns to scale means that an increase in inputs (capital and labor) cause the same proportional increase in output. From 2006 to 2013 labor grows from 100 to 112, in percentage that is 100*(112 -100)/100 = 12%. Capital grows from 50 to 56, in percentage that is 100*(56 -50)/50 = 12%. In consequence, output had to grow from 100 to 112, so that, an increment of 12% was made.
Answer:
- solution: (1/(1+m), m/(1+m))
- no solution for m = -1 (lines are parallel)
Step-by-step explanation:
Two distinct lines will always have a point of intersection, provided they are not parallel. That is, the system of equations {x +y = 1, y = mx} will have a unique solution as long as m ≠ -1.
The solution to the system can be found by substitution:
x +mx = 1
x(1 +m) = 1 . . . . factor out x
x = 1/(1+m) . . . . . divide by the coefficient of x; we must have m ≠ -1
y = m/(1+m) . . . . find the y-coordinate of the solution
The point of intersection is (1/(1+m), m/(1+m)).
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The above solution is undefined when the denominator is zero: m = -1. There is no solution for m = -1.
The slope of the line given the points is calculated through the equation,
m = (y2 - y1) / (x2 - x1)
Substituting the known values,
m = (6 - 6) / (-2 - 4) = 0
The slope of the given line is equal to 0 which means that it is a horizontal line.
Answer:
208 divided by 2
100+2
402-300
Step-by-step explanation: