In words, Ay = B1AX, is defined as the marginal effect of: a. x on y is constant and is equal to BO. b. x on y is constant and is equal to B1. c. y on x is constant and is equal to BO.

MACROECONOMICS FOR TODAY
10th Edition
ISBN:9781337613057
Author:Tucker
Publisher:Tucker
Chapter2: Productions Possibilities, Opportunity Costs, And Economic Growth
Section: Chapter Questions
Problem 3SQ
icon
Related questions
Question
3
In words, Ay = B1Ax, is defined as the marginal
effect of:
a. x on y is constant and is equal to BO.
b. x on y is constant and is equal to B1.
C. y on x is constant and is equal to BO.
d. y on x is constant and is equal to B1.
Transcribed Image Text:In words, Ay = B1Ax, is defined as the marginal effect of: a. x on y is constant and is equal to BO. b. x on y is constant and is equal to B1. C. y on x is constant and is equal to BO. d. y on x is constant and is equal to B1.
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Depreciation
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
MACROECONOMICS FOR TODAY
MACROECONOMICS FOR TODAY
Economics
ISBN:
9781337613057
Author:
Tucker
Publisher:
CENGAGE L
Economics For Today
Economics For Today
Economics
ISBN:
9781337613040
Author:
Tucker
Publisher:
Cengage Learning
Survey Of Economics
Survey Of Economics
Economics
ISBN:
9781337111522
Author:
Tucker, Irvin B.
Publisher:
Cengage,