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Consider the following CES production function: f ( x 1 , x 2 ) = A ( x 1 + (1 )x 2 ) /

  1. Consider the following CES production function:f(x1,x2) =A(x1+ (1 )x2)/, and let = 1/1 . Asapproaches one, which of the following functions is approximated?
  2. a.Leontief
  3. b.Perfect substitutes
  4. c.Cobb-Douglas
  5. d.Not enough information

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