Elasticity of Substitution: CES Production Function

[@guiborcictv]

Actually I did this by another way that I found faster than this ( just a bit 😅).
Doing the MRTS you'll end up with (L/K)^ -2/3, which is the same as (K/L)^2/3 .
Put Z=K/L and you get MRTS ^ 3/2 = Z.
Then you do the ln of Z which is the same as lnMRTS^3/2 that is equal to 3/2lnMRTS.
Take the partial derivative of ln(Z) with respect to MRTS and you'll end up with 3/2 as well.
I will also use this comment to thank you for what you do with this channel. You're awesome, keep on doing this.
Huge greetings from Portugal!

[@sarahdevegvar]

Thank you so much! Do you mind leaving the link to previous videos if you are doing the continuation of a problem in the future? It would make the videos easier to find. Besides that, this was super helpful!

[@yashodharaupekshani1173]

Thank you very much for the very clear explanation!

[@EconomicsinManyLessons]

You are welcome and thank you for the comment.

[@iremcoskun3327]

thank you so much for explaning it in a very simple way.

[@halatobji2719]

Thanks for the video, I actually don't get why do you calculate the MPl and MPk, you don't seem to use them for the end result, did I miss something ?

[@ananyabhattacharyya4101]

Thank you so much Sir ❤

[@melekmillyofficial4015]

Thanks a lot for this video, may God bless you

[@Easynimics]

Yes sir,I found this video very helpful.

[@SuperDelocos]

thanks bro you saved me

[@RaihanAkhter]

Thanks sir. Beautifully explained the concept ❤️

[@upashnabhujel1318]

Sir can u explain the Cobb Douglas production function is limiting case of ces product function

[@priyankatheartist8643]

kindly watch CTEL india video

[@thomaskitonyi8044]

Great

[@MobiOkoro]

Please how do the degree of homogeneity relate to elasticity of substitution?

[@brokertutor3382]

Exactly what I needed, thank you a lot :)

[@some1uknow751]

Thank You!

[@Mmaddyshorts]

Thank You So Much Sir !

[@upasanamajumdar315]

Super helpful. Thanks a million :)

[@MistaChamp]

Exactly what i needed thanks :)

[@ajaygulati9895]

Can we directly use [1/(1-e)]?
Meaning: [1/(1-1/3)] = 1.5

[@oscariajian9347]

Got me the correct answer for another question, but wonder why does it work...

[@jmusikwi4061]

thanks much sir, appreciated surely

[@gerardob.3765]

very helpful, thanks.

[@phokrizatmayirnao3346]

very helpful! thank you:)

[@kshitijsahdev4480]

5:35 Mr Mackey. mkay