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Consider the production function ?=?(?,?)=(√?+√?)2. The cost of labor and capital are ? and ? respectively....

Consider the production function ?=?(?,?)=(√?+√?)2.

The cost of labor and capital are ? and ? respectively. Aside from the cost of labor and capital, there are no costs.

a. What type of production function is this? Hint: Not Cobb-Douglas

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Answer #1

A) it is constant elasticity of substitution ( CES)

Production function.

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