=+e.** Using a spreadsheet to program the output supply and input demand equations for a CES production

Question:

=+e.** Using a spreadsheet to program the output supply and input demand equations for a CES production function given in equation (13.38) in a footnote in the text, verify that your long-run production plans mirror those you calculated for the Cobb–Douglas function when r approaches 0 and a and b are set appropriately.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Question Posted: