Q(A,K,L) = A(t)KL and A(t) = 0,2t According to given production function if the capital increases from 2000 to 2100 and if the labour force increases from 300 to 315 unit. Growth rate of output would be

Q(A,K,L) = A(t)KL and A(t) = 0,2t According to given production function if the capital increases from 2000 to 2100 and if the labour force increases from 300 to 315 unit. Growth rate of output would be

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Q(A, K, L) = A(t)KśL and A(t) = 0,2t
According to given production function if the capital increases from 2000 to 2100 and if the labour force.
increases from 300 to 315 unit. Growth rate of output would be

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