What is the elasticity of substitution for the production function f(K, L) = K 3/4 LA?O a. o =O b. G =O c. o = 1O d. o = 3Clear my choiceSuppose a company has the following contingent demands /c = 4q and k =2g. Which of the following statements istrue?The marginal cost function is equal to the average cost function.O b. The marginal cost function is smaller than the average cost function.O c. The marginal cost function is greater than the average cost function.O d. The marginal cost function is twice as large as the average cost function.Clear my choice

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What is the elasticity of substitution for the production function f(K, L) = KA L/A ? %3D O a. O b. o = O c. o = 1 O d. o = 3

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Question

What is the elasticity of substitution for the production function f(K, L) = K 3/4 LA?
O a. o =
O b. G =
O c. o = 1
O d. o = 3
Clear my choice
Suppose a company has the following contingent demands /c = 4q and k =
2g. Which of the following statements is
true?
The marginal cost function is equal to the average cost function.
O b. The marginal cost function is smaller than the average cost function.
O c. The marginal cost function is greater than the average cost function.
O d. The marginal cost function is twice as large as the average cost function.
Clear my choice

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