Econ Trash
Sunday, February 7, 2016
Algebra Part 1
Starting with
Jason's second expression here:
J
J
r
e
f
=
(
L
L
r
e
f
)
1
/
κ
Raise both sides to the (κ - 1)th power:
(
J
J
r
e
f
)
(
κ-1)
=
(
L
L
r
e
f
)
(
1-1/κ)
Now divide both sides by the right side:
(
J
J
r
e
f
)
κ
−
1
(
L
L
r
e
f
)
1
/
κ - 1
=
1
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