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the question is on the picture thank you 7. Prove the following statements, (a) For the Cobb-Douglas production function, q(k,l) = kal. Show that: (i)

the question is on the picture thank you

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7. Prove the following statements, (a) For the Cobb-Douglas production function, q(k,l) = kal. Show that: (i) if a + 1 the function is not concave. Assuming, a, 3 E (0, 1) (b) Show that the function f ($1,502, ...:cn) = 117-1939" is homogeneous of degree Ego\". 7. 'L

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