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    Microeconomics Study Set 16
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    Exam 6: Inputs and Production Functions
  5. Question
    Consider the CES Production Function\(Q = \left[ 3 L ^ { 67 } + 3 K ^ { 67 } \right] ^ { 15 }\)
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Consider the CES Production Function Q=[3L67+3K67]15Q = \left[ 3 L ^ { 67 } + 3 K ^ { 67 } \right] ^ { 15 }Q=[3L67+3K67]15

Question 56

Question 56

Multiple Choice

Consider the CES production function Q=[3L67+3K67]15Q = \left[ 3 L ^ { 67 } + 3 K ^ { 67 } \right] ^ { 15 }Q=[3L67+3K67]15 . The elasticity of substitution is


A) 0.3
B) 1.5
C) 0.67
D) 3.00

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