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Proof: Cobb-Douglass is Special Case of CES 

Economics in Many Lessons
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This video shows that the Cobb-Douglass production function is a special case of the constant elasticity of substitution production function.

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20 сен 2024

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Комментарии : 23   
@ohad157
@ohad157 4 года назад
"For my next trick, I'll take the same CES function and turn it into a Leontief utility function."
@michellekatarine2700
@michellekatarine2700 3 года назад
This really helped me a lot. I couldn't find any good answer online until I came upon your video. Very well explained - thank you! :)
@ethanekat
@ethanekat 2 года назад
very helpful! couldn't find another explanation this clear anywhere else, and instructors tend to hand-wave this.
@ujjwalsharma7283
@ujjwalsharma7283 2 года назад
Excellent Explanation. Please make a video on the Leontief Production Function as well. Thank you.
@khyatichouksey8927
@khyatichouksey8927 4 года назад
Presented with great clarity, I was looking for this. Thank you!
@mariiapanga3844
@mariiapanga3844 Год назад
Thank you so much for this detailed video! The most useful explanation that I found.
@nikolasschiozer4740
@nikolasschiozer4740 3 года назад
Great video! Helped A LOT!!! Thanks!
@EconomicsinManyLessons
@EconomicsinManyLessons 3 года назад
I am glad to hear!
@edrice2009
@edrice2009 3 года назад
That video helps me a lot. Thank you.
@medsalemdah
@medsalemdah 3 года назад
show that the leontief production function is a special case of the CES production function thank you
@julietorgersen4895
@julietorgersen4895 Год назад
Thank you!
@EconomicsinManyLessons
@EconomicsinManyLessons Год назад
You are welcome!
@shubhamchandrakant3144
@shubhamchandrakant3144 3 года назад
Very helpful 👍🏻
@muneerkalliyil7603
@muneerkalliyil7603 2 года назад
Wonderful
@EconomicsinManyLessons
@EconomicsinManyLessons 2 года назад
Thank you!
@reaniegane
@reaniegane 2 года назад
Your explanation is wonderful. Can you please be a professor?
@EconomicsinManyLessons
@EconomicsinManyLessons 2 года назад
Thank you!
@sundaemekss7486
@sundaemekss7486 3 года назад
why we needs to add natural logs before we check ?
@vish_youtube
@vish_youtube 3 года назад
How can we derive elasticity of substitution in case of fixed coefficient type production function?
@user-om7jp2zi4v
@user-om7jp2zi4v 3 года назад
Awesome!
@ohad157
@ohad157 4 года назад
Wouldn't an easier way to do this would be to show that the MRS of both CES and CD functions coincide when p=0? 🤔
@glennwatson3313
@glennwatson3313 4 года назад
Well, you are definitely not talking down to your audience. Is constant elasticity the same as perfect elasticity?
@emmasarhdaoui7307
@emmasarhdaoui7307 Год назад
Could you do it for the Cobb-Douglas Utility Function when ρ -> 0 please? Initial utility function is: U = [ ∫ from 0 to n of q(ω)^ρ dω ] ^(1/ρ)
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