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I would like some assistance the follow calculus questions 8. In the constant elasticity of substitution (CES) production function q = A[8KP + (1 -6)
I would like some assistance the follow calculus questions
8. In the constant elasticity of substitution (CES) production function q = A[8KP + (1 -6) LP]1/P, find the degree of homogeneity of the marginal product of capital MPx and the marginal product of labour MP,. Show also that Euler's Theorem applies.Step by Step Solution
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