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Thanks for your clear explanation
Why is it at 2:06 nk = 0,02(200) and not nK = 0,02(200), so in capital letter???
Thanks a lot sir 🙏Sorry for late joining
Why 1/2 exponent specifically
Could be any number it's just easier to use 1/2 to understand. The point is to show CRS using cobb-douglas
@@seanshara4430 and what does the 1/2 represent
elasticity of output @@UzmaKys
Thanks for your clear explanation
Why is it at 2:06 nk = 0,02(200) and not nK = 0,02(200), so in capital letter???
Thanks a lot sir 🙏
Sorry for late joining
Why 1/2 exponent specifically
Could be any number it's just easier to use 1/2 to understand. The point is to show CRS using cobb-douglas
@@seanshara4430 and what does the 1/2 represent
elasticity of output @@UzmaKys