Harcourt Inc items and derived items copyright 2001

Harcourt, Inc. items and derived items copyright © 2001 by Harcourt, Inc.

70 -�� �������� , ���������� ������� X ���������� 70/x ����. Assume, at the start point we have $M and annual interest rate is x. After n years total amount of money will equal M(1+0, 01 x)*n which should be equal to 2 M. So, ln (1+0, 01 x)*n =ln 2 n=ln 2/ln (1+0, 01 x) But, since for a very small 0, 01 x it can be substituted with ln (1+0, 01 x), we get: n=100 ln 2/x ln 2=0, 69 and therefore we can quite write that n=70/x. Harcourt, Inc. items and derived items copyright © 2001 by Harcourt, Inc.

������� u ����� ���� constant returns to scale ������������ x-�� ���������� X -��� , x. Y = A F(x. L, x. K, x. H, x. N) Harcourt, Inc. items and derived items copyright © 2001 by Harcourt, Inc.

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Harcourt, Inc. items and derived items copyright © 2001 by Harcourt, Inc.

Harcourt, Inc. items and derived items copyright © 2001 by Harcourt, Inc.