Economics · Production Function
If a production function admits both Harrod-neutral and Hicks-neutral technical progress, the elasticity of substitution must be:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1equal to one divided by two
- 2equal to infinity
- 3equal to zero
- 4equal to one✓
Correct answer
equal to one
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