Question: HI, can someone please ANSWER THIS USING MATHEMATICA... and state the COMMANDS clearly. As we have seen in many places, the general Cobb-Douglas production function

HI, can someone please ANSWER THIS USING MATHEMATICA... and state the COMMANDS clearly.

HI, can someone please ANSWER THIS USING MATHEMATICA... and state the COMMANDS

As we have seen in many places, the general Cobb-Douglas production function for two inputs is given by: q=f(k,1)= Ak1, where 00,fi > 0, fak0. b. Show that eq.x = and ee1= B. c. In footnote 5 of the textbook, the scale elasticity was defined as: af (tk, tl) at f(tk, tl)' where the expression is to be evaluated at t= = 1: t Show that, for this Cobb-Douglas function, egy = a +B. Hence, in this case the scale elasticity and the returns to scale of the production function agree. d. Show that this function is quasi-concave. e. Show that the function is concave for a + B 5 1 but not concave for a +B>1. As we have seen in many places, the general Cobb-Douglas production function for two inputs is given by: q=f(k,1)= Ak1, where 00,fi > 0, fak0. b. Show that eq.x = and ee1= B. c. In footnote 5 of the textbook, the scale elasticity was defined as: af (tk, tl) at f(tk, tl)' where the expression is to be evaluated at t= = 1: t Show that, for this Cobb-Douglas function, egy = a +B. Hence, in this case the scale elasticity and the returns to scale of the production function agree. d. Show that this function is quasi-concave. e. Show that the function is concave for a + B 5 1 but not concave for a +B>1

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