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doubt

SoniaKapoor
Consider the equitation log y =10+5 log x, where x is measured in rupee and y is measured
in tones. If units are changed so as to measure x in thousand rupee and y in the kilograms,
the values of slope parameter would be
a) 500 c) 5000
b) 5 d) none of the above
MA Economics
DSE
2014-16
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Re: doubt

kangkan
5....if you change the units the new slope parameter is (w1/w2) *old slope parameter...here w1=w2=1000.
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Re: doubt

SoniaKapoor
Thanxx
MA Economics
DSE
2014-16