Answer to Question #88467 in Algebra for joc

Question #88467

In lnY = b1+ b2 ln(L) + b3 ln(K), where b2 + b3 = 1, b2 + b3 – 1 = 0.
Defining c = b2 + b3 -1, b2 = c – b3 +1.
how is ln(Y/L) = b1 + c ln(L) + b3 ln(K/L) derived from
ln(Y) = b1 + (c –b3 + 1 ) ln(L) + b3 ln(K),

Expert's answer

Download Answer

Learn more about our help with Assignments: Algebra Elementary Algebra

Comments

No comments. Be the first!

Leave a comment

Related Questions

1. Amber completed a 25-kilometer road race in 3 hours. She ran at the same speed and covered the same
2. 0, 3, 8, 15... Generalize the pattern by finding the nth term. A) n2 n B) 2n - 2 C) n2 - 1
3. Find the equation that will solve this problem. A hardware store took inventory of its paint. They h
4. Which of the following statements are true? Give reasons for your answers. i) The function f (x) =
5. Which of the following statements are true? Give reasons for your answers. i) sin^-1(x²/y) is a ho
6. Graph the function using a graphing utility and describe the behavior near the asymptotes. Show work
7. Prove that: 2^n > 1+n√2^(n-1) for all n>2 using the concept of inequalities only.