Given the production function y (l p K p) (1 p), what is the technical rate of substitution, the elasticity of substitution, and the returns to scale when p 0 5 Given the production function y (l p K p) (1 p), what is the technical rate of substitution, the elasticity of substitution, and the retu...

iven Productionfunction Y x when P05 Y R Y LK0 23Kv Technic ...

Given the production function y= [(l^p+K^p)]^(1/p), what is the technical rate of substitution, the elasticity of...

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Macroeconomics

ISBN: 978-0138014919

12th edition

Authors: Robert J Gordon

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Posted Date: Sep 16, 2022 05:51 AM

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Given the production function y= [(l^p+K^p)]^(1/p), what is the technical rate of substitution, the elasticity of...

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