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Topic: Comment on elasticity of average product: errata?
Conf: Comments and Suggestions, Msg: 14383
From: Tendai Gwatidzo (gwtten002@mail.uct.ac.za)
Date: 3/17/2004 11:07 AM

Comment on elasticity of average product: errata? Tendai Gwatidzo Nobert gwtten002@mail.uct.ac.za Dear All,

The formula on page 145 question 1 gives the formula of the elasticity of average product as (dAP/dx)/(x/AP). Should it not be:
(dAP/dx)/(AP/x)=(dAP/dx)*(x/AP) ?

Thanks