Cobb and Douglas used the equation P ( L , K ) = 1.01 L 0.75 K 0.25 to model the American economy from 1899 to 1922, where L is the amount of labor and K is the amount of capital. (See Example 14.1.3.) (a) Calculate P L and P K . (b) Find the marginal productivity of labor and the marginal productivity of capital in the year 1920, when L = 194 and K = 407 (compared with the assigned values L = 100 and K = 100 in 1899). Interpret the results. (c) In the year 1920, which would have benefited production more, an increase in capital investment or an increase in spending on labor?
Cobb and Douglas used the equation P ( L , K ) = 1.01 L 0.75 K 0.25 to model the American economy from 1899 to 1922, where L is the amount of labor and K is the amount of capital. (See Example 14.1.3.) (a) Calculate P L and P K . (b) Find the marginal productivity of labor and the marginal productivity of capital in the year 1920, when L = 194 and K = 407 (compared with the assigned values L = 100 and K = 100 in 1899). Interpret the results. (c) In the year 1920, which would have benefited production more, an increase in capital investment or an increase in spending on labor?
Solution Summary: The author explains the function P(L,K)=1.01L0.75K
Cobb and Douglas used the equation P(L, K) = 1.01L0.75K0.25 to model the American economy from 1899 to 1922, where L is the amount of labor and K is the amount of capital. (See Example 14.1.3.)
(a) Calculate PL and PK.
(b) Find the marginal productivity of labor and the marginal productivity of capital in the year 1920, when L = 194 and K = 407 (compared with the assigned values L = 100 and K = 100 in 1899). Interpret the results.
(c) In the year 1920, which would have benefited production more, an increase in capital investment or an increase in spending on labor?
Ministry of Higher Education &
Scientific Research
Babylon University
College of Engineering -
Al musayab
Automobile Department
Subject :Engineering Analysis
Time: 2 hour
Date:27-11-2022
کورس اول تحليلات
تعمیر )
1st month exam / 1st semester (2022-2023)/11/27
Note: Answer all questions,all questions have same degree.
Q1/: Find the following for three only.
1-
4s
C-1
(+2-3)2 (219) 3.0 (6+1)) (+3+5)
(82+28-3),2-
,3-
2-1
4-
Q2/:Determine the Laplace transform of the function t sint.
Q3/: Find the Laplace transform of
1,
0≤t<2,
-2t+1,
2≤t<3,
f(t) =
3t,
t-1,
3≤t 5,
t≥ 5
Q4: Find the Fourier series corresponding to the function
0
-5
Ministry of Higher Education &
Scientific Research
Babylon University
College of Engineering -
Al musayab
Subject :Engineering Analysis
Time: 80 min
Date:11-12-2022
Automobile Department
2nd month exam / 1" semester (2022-2023)
Note: Answer all questions,all questions have same degree.
کورس اول
شعر 3
Q1/: Use a Power series to solve the differential equation:
y" - xy = 0
Q2/:Evaluate using Cauchy's residue theorem,
sinnz²+cosz²
dz, where C is z = 3
(z-1)(z-2)
Q3/:Evaluate
dz
(z²+4)2
Where C is the circle /z-i/-2,using Cauchy's residue theorem.
Examiner: Dr. Wisam N. Hassan
Ministry of Higher Education &
Scientific Research
Babylon University
College of Engineering -
Al musayab
Subject :Engineering Analysis
Time: 80 min
Date:11-12-2022
Automobile Department
2nd month exam / 1" semester (2022-2023)
Note: Answer all questions,all questions have same degree.
کورس اول
شعر 3
Q1/: Use a Power series to solve the differential equation:
y" - xy = 0
Q2/:Evaluate using Cauchy's residue theorem,
sinnz²+cosz²
dz, where C is z = 3
(z-1)(z-2)
Q3/:Evaluate
dz
(z²+4)2
Where C is the circle /z-i/-2,using Cauchy's residue theorem.
Examiner: Dr. Wisam N. Hassan
Chapter 14 Solutions
Bundle: Calculus: Early Transcendentals, 8th + WebAssign Printed Access Card for Stewart's Calculus: Early Transcendentals, 8th Edition, Multi-Term + ... 18, Student Edition Printed Access Card
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