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11.5 Suppose that 4-LK 0<a<1,0<B<1, a +8 -1. a. Show that .= a, x= B. b. Show that MP, > 0, MPX>0; aq/al? <0,2q/ak? <0. c. Sh

11.5 Suppose that 4-LK 0<a<1,0<B<1, a +8 -1. a. Show that .= a, x= B. b. Show that MP, > 0, MPX>0; aq/al? <0,2q/ak? <0. c. Sh

forget last questions, just count this one

11.6 Show that for the constant returns-to-scale CES production function 9-[Kº + LPT 2. MP = () and MP. = (1) b. RTS = (*) .

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Q11.6)

6 c P MRTS = MPL IMPK = (911-. (K19) 1-P = (KLL) - then en MRTS = ln (K12) 1-P = (1-P) en KIL) aen MRTS/2 ln (KIL) = (14) elaNOW DAT Now 4- (24) 2q = MPL = (911) IT. Now 69/L) = (9/L) (7) . T thus aq ) = q 2 - = (a/L) poved) Rover Now en (912) = o en

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forget last questions, just count this one 11.5 Suppose that 4-LK 0<a<1,0<B<1, a +8 -1. a....
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