Production elasticity, Production elasticity:

Production elasticity

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Reference no: EM13889055

Production elasticity:

a. measure how a % change in output affect the % change in an input

b. is not important for a company that makes a physical product

c. measure the % change in output for a % change in an input

d. is given by the exponent on the input in a linear production function

Reference no: EM13889055

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