A Cobb Douglas production function is an example of a production function that has an expansion path which is a straight line through the origin.
12.
The slope of the expansion path ( Pi ) shows that despite the increase in capital and output there is no significant improvement in the employment.
13.
Rising up in recent weeks to replace the failed mega-mergers has been a series of deals that appear to be taking communications firms down a more familiar expansion path.
14.
In economics, an "'expansion path "'( also called a "'scale line "') is a curve in a graph with quantities of two inputs, typically capital and labor, plotted on the axes.
15.
"We have strong momentum in our businesses and believe the economy continues on a sustainable expansion path, " Alan Graf Jr ., FedEx's chief financial officer, said in a prepared statement.
16.
As a producer's allowable total cost increases, the firm moves from one of these tangency points to the next; the line joining the tangency points is called the "'expansion path " '.
17.
"I don't think this is a diversion away from a jobs generating recovery, " said David Brown, Chief European Economist at Bear Stearns, noting that the U . S . economy is still on an expansion path.
18.
Gene and Bob Pressman joined the business in the 1970s and eventually led it on an expansion path that put the store everywhere from Beverly Hills, Calif ., to Asia, with the help of a partner, Isetan Co . of Japan.
19.
"Customers are increasingly looking to FedEx to manage a broader range of their transportation and supply chain needs, " said chief financial officer Alan B . Graf Jr . " We have strong momentum in our businesses and believe the economy continues on a sustainable expansion path ."
20.
"Although the state is lagging the country in recovery, these numbers suggest that, even here, the worst could be behind us and we are probably in the very early stages of recovery, " said Wayne Ayers, chief economist at FleetBoston Financial Corp . " We should remain here in Massachusetts and in the country as a whole on an expansion path ."
