Question: 6.22. Consider a production function whose equation is given by the formula Q ! LK2 , which has corresponding marginal products, MPL ! K2 and

6.22. Consider a production function whose equation is given by the formula Q ! LK2

, which has corresponding marginal products, MPL ! K2 and MPK ! 2LK.

Show that the elasticity of substitution for this production function is exactly equal to 1, no matter what the values of K and L are.

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