What is the elasticity of substitution, , of the CES production function q = (aL +
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What is the elasticity of substitution, σ, of the CES production function q = (aLρ + bKρ)d/ρ?
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The elasticity of substitution is thepercentage change in the capitallabor ratio di...View the full answer
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Related Book For 
Microeconomics Theory and Applications with Calculus
ISBN: 978-0133019933
3rd edition
Authors: Jeffrey M. Perloff
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