Question: I would like to know how to do the CES production functions along with find global maximum and minimum for the following 7. Do parts

 I would like to know how to do the CES production

I would like to know how to do the CES production functions along with find global maximum and minimum for the following

functions along with find global maximum and minimum for the following 7.

7. Do parts (iii) and (iv) of question 6 for the general CES production function y= f(x,*2)= A[ox,' +(1-8)x7] , A>0,0-1, defined on R 8. In the constant elasticity of substitution (CES) production function q = A[8KP + (1 - 6)LP]1/P, find the degree of homogeneity of the marginal product of capital MP and the marginal product of labour MP . Show also that Euler's Theorem applies. 9. Find the global maximum and minimum values of (1) f(x) = 6vx - 3x on [0,9] (ii) F(x) = 6Vx - 4x on [0, 4] (iii) H(x) = |x2 - 1| on [-2,2] (iv) f(x) = 3x4 - 4x3 on [-2,3] 10. Find the Euclidean distance between the given points. (i) 6 and -8 in R (ii) (3, -4) and (-4, -5) in R? (iii) (-1, 4, 9) and (1, 2, -9) in R3 (iii) (2, -3, -5, 0) and (1, -4, 0, -3) in R* 11. Describe the following & - neighbourhoods. (i) N. (9) (ii) N, [(-1,5)] (iii) N. [(9,2, -1)] 12. Find the stationary points and determine if each stationary point gives a local/global maximum or local/global minimum, neither, or "can't tell". (i) f(xx2.x,)=x+2x3 +x3+xx2 -2x, -7x, +12 (ii) f(x,,*2,x,)= 2x, - x, +10x, -x; +3x, -x3 )f(x,x,,x,) = 3-x-2x, - 3.x; - 2.x,x2 - 2.x,x, (iv) f (x, y) = x4+ x2 - 6xy + 3y2 (v) f ( x, y ) = xyl + xly- xy (vi) f(x,y) = 3x4+ 3xly -y3 (vii) f(X1,*2,X3, x4) = 24x1 + 32x2 + 48x3 + 72x4 - (x] + x} + 2x} +3x])

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