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What is the elasticity of substitution, o, of the CES production function below? d q= (alP + bkP) Assume d and p are positive constants and 0

What is the elasticity of substitution, o, of the CES production function below? d q= (alP + bkP) Assume d and p are positive constants and 0

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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What is the elasticity of substitution, o, of the CES production function below? q = (alP + bkP) Assume d and p are positive constants and 0<a<1 and 0 <b< 1. Also assume capital is measured on the vertical axis and labor on the horizontal axis. The elasticity of substitution is O = |: (Properly format your expression using the tools in the palette. Hover over tools to see keyboard shortcuts. E.g., a fraction can be created with the / character.)
Transcribed Image Text:What is the elasticity of substitution, o, of the CES production function below? q = (alP + bkP) Assume d and p are positive constants and 0<a<1 and 0 <b< 1. Also assume capital is measured on the vertical axis and labor on the horizontal axis. The elasticity of substitution is O = |: (Properly format your expression using the tools in the palette. Hover over tools to see keyboard shortcuts. E.g., a fraction can be created with the / character.)
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