School of Economics | Elasticity of Input Substitution
718
archive,tag,tag-elasticity-of-input-substitution,tag-718,ajax_fade,page_not_loaded,,qode-title-hidden,qode_grid_1300,qode-content-sidebar-responsive,qode-theme-ver-11.1,qode-theme-bridge,wpb-js-composer js-comp-ver-5.1.1,vc_responsive

29 Dec

Posted at 03:36h in SOE by
2 Likes

The Elasticity of Input Substitution and the Shares of Factors of Production: In this part we will examine how changes in factor prices affect the shares of factors and income distribution. As factor prices change, the firm will substitute a cheaper input for a more expensive one....