For q=K^0.3L^0.7, how much does output rise when both inputs rise 10%?
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EC311 · Intermediate Microeconomics
EC311 / TOPIC 19
6.1 Firms, marginal product and scale
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EC311 / TOPIC 19
For q=K^0.3L^0.7, how much does output rise when both inputs rise 10%?