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Basic Question 0 of 9
Let α = 1/3 in the Cobb-Douglas production function. If both L and K increase by 10%, the output will increase by:
B. 20%.
C. Cannot be calculated.
A. 10%.
B. 20%.
C. Cannot be calculated.
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I used your notes and passed ... highly recommended!
Lauren
Learning Outcome Statements
calculate and evaluate the predicted trend value for a time series, modeled as either a linear trend or a log-linear trend, given the estimated trend coefficients;
describe factors that determine whether a linear or a log-linear trend should be used with a particular time series and evaluate limitations of trend models;
explain the requirement for a time series to be covariance stationary and describe the significance of a series that is not stationary;
CFA® 2025 Level II Curriculum, Volume 1, Module 5.