How can I prove mathematically that in the function x=h^(3/4)t^(1/4) h and t are complements?
-
this is just a normal cobb douglas production function.
-
Answer:
The two variables are complements factors (or supporting factors) in a particular production process if the increase in the employment of one factor raises the marginal product of the other factor. âMP h (h,t)/ ât = âMP t (h,t) / âh > 0 . you have to find the MP of h and then check if MP of h is greater then 0 if the other factor is increased (so you do the derivate respect to t).
cripiton at Yahoo! Answers Visit the source
Other answers
Yes this is a cobb douglas production function with constant returns to scale ( : because 3/4+1/4 = 1) in general terms : zX = (zh)^(3/4)* (zt)^(1/4) ...i.e multiply all variables by z => zX = z^(3/4+1/4)h^(3/4)t^(1/4) =>zX = z(h^(3/4)t^(1/4)).....z cancels out so x=h^(3/4)t^(1/4)..hence crt production function
zoomzoom
Related Q & A:
- How can I auto run ccleaner on Mac OS X?Best solution by forum.piriform.com
- How can I pass global variables into a function?Best solution by Stack Overflow
- How can I downgrade my psp ver. 3.50 to 1.50?Best solution by Yahoo! Answers
- How can I downgrade my Psp FW from 3.90 to 1.50?Best solution by Yahoo! Answers
- How can i prove to my boyfriend that he can trust me?Best solution by Yahoo! Answers
Just Added Q & A:
- How many active mobile subscribers are there in China?Best solution by Quora
- How to find the right vacation?Best solution by bookit.com
- How To Make Your Own Primer?Best solution by thekrazycouponlady.com
- How do you get the domain & range?Best solution by ChaCha
- How do you open pop up blockers?Best solution by Yahoo! Answers
For every problem there is a solution! Proved by Solucija.
-
Got an issue and looking for advice?
-
Ask Solucija to search every corner of the Web for help.
-
Get workable solutions and helpful tips in a moment.
Just ask Solucija about an issue you face and immediately get a list of ready solutions, answers and tips from other Internet users. We always provide the most suitable and complete answer to your question at the top, along with a few good alternatives below.