True or false and explain why or give examples. For a CES production function with two inputs,

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True or false and explain why or give examples.

For a CES production function with two inputs, capital and labor, the elasticity of substitution between capital and labor equals one only if (i.e., necessary condition) the production function exhibits constant returns to scale.

Posted Date: Jun 13, 2024 09:05 AM

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True or false and explain why or give examples. For a CES production function with two inputs,

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