Question: 1. 4.13 Show that the CES production function q = (aL + bK)1/ can be written as q = B() [cL + (1- c) *

1. 4.13 Show that the CES production function q = (aLρ + bKρ)1/ρ can be written as q = B(ρ)

[cLρ + (1-

c) * Kρ]1/ρ. M 4.14 What is the MRTS of the CES production function q = (aLρ + bKρ)d/ρ? (See Solved Problem 6.3.) M

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