Consumer Utility Functions: Calculating the Elasticity of Substitution
8:03
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Consumer Utility Functions: Calculating the Elasticity of Substitution
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. If this video helps, please consider a donation: https://www.paypal.com/cgi-bin/webscr?cmd ...
20.6K viewsJul 16, 2018
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