Chapter 3, Exercise 3.1 Geoffrey Jehle jehle jehle@vassar.edu

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Topic: Chapter 3, Exercise 3.1
Conf: Corrections and Errata, Msg: 14963
From: Geoffrey Jehle (jehle@vassar.edu)
Date: 5/16/2004 02:22 PM

Chapter 3, Exercise 3.1 Geoffrey Jehle jehle jehle@vassar.edu Chapter 3, Exercise 3.1.

The formula of the elasticity of average product is given as (dAP/dx)/(x/AP). It should be

(dAP/dx)/(AP/x)=(dAP/dx)*(x/AP)

Thanks to Tendai Gwatidzo for reporting the error.

G. Jehle