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Consider a production function given by f (K,L)=9K3L2 Compute the elasticity of substitution for this production technology when the firm uses 3 units of capital
Consider a production function given by f (K,L)=9K3L2
Compute the elasticity of substitution for this production technology when the firm uses 3 units of capital and 9 units of labor.(round your answer to one decimal place if necessary)
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