PDF-1.1Considerexpressingchangesinpercentageterms.E..g.%4x
4listhepercentageinoutputxgivenaonepercentchangeintheinputlholdingkconstantWecallthistheelasticityofoutputwithrespecttolaborNotethat4x
x4xand4l
l4lTherefore4x
4l4xx
4ll4x
4ll
xDe133ni
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