Consumer Utility Functions: Calculating the Elasticity of Substitution

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Economics in Many Lessons
Published at : 03 Jan 2021
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This video shows how to calculate the elasticity of substitution using two examples: 1) CES utility function and 2) Cobb-Douglas utility function. The methods shown here can be used to find the elasticity of substitution from production functions, too.
elasticity of substitutioncobb douglasCES

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