Business Studies, asked by julekhjulu315, 1 month ago

In a Cobb-Douglas Production function, elasticity of factor abstitution (es) is equal to

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Answered by amangarnayak04

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Answer: and constant elasticity of substitution (CES) are two functions that have been ... The Cobb-Douglas is a simple production function that is thought to provide ... competitive and that factors are paid their marginal product, then α and 1−α are equal ... critique and are likely to violate this assumption and produce biased es-.

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