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List of top Microeconomics Questions on Microeconomics asked in IIT JAM EN

Consider a production function of the form:
$ Y = 𝑎 log L + (1 − 𝑎) log K , 𝑎 ∈ (0, 1), 𝑎 ≠ 0.5 $
where, Y is output, L is labour, and K is capital. Then, the absolute value of elasticity of substitution is
  • IIT JAM EN - 2024
  • IIT JAM EN
  • Microeconomics
  • Microeconomics