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| Teaching Since: | May 2017 |
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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
7.9. Show that β2 and β3 in (7.9.2) do, in fact, give output elasticities of labor and capital. (This question can be answered without using calculus; just recall the definition of the elasticity coefficient and remember that a change in the logarithm of a variable is a relative change, assuming the changes are rather small.)
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