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Eduncle posted an MCQ
October 19, 2019 • 16:14 pm 0 points
  • UGC NET
  • Economics

If for the constant elasticity of substitution production function, the value of the substitution parameter (p) is = ? 1, the elasticity of substitution will be

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    Eduncle Best Answer

    For the constant elasticity of substitution production function, the elasticity of substitution, s, is given as, , r is value of the substitution parameter. If r = – 1, s = ¥.

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