Question: For the CES production function q = (aL + [1 - a]K ) d/ , does AP L /L have an unambiguous sign?
For the CES production function q = (aLρ + [1 - a]Kρ)d/ρ, does ∂APL/∂L have an unambiguous sign?
Step by Step Solution
There are 3 Steps involved in it
Therefor... View full answer
Get step-by-step solutions from verified subject matter experts
