A)03
B)1

question 58

Multiple Choice

$$\text { Consider the CES production function } Q = \left[ 3 L ^ { .67 } + 3 K ^ { , 67 } \right] ^ { 1.5 } \text {. The elasticity of substitution is: }$$

• A)0.3
• B)1.5
• C)0.67
• D)3.00

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Definitions:

Personal Income

Personal income is the total earnings received by an individual, including wages, investments, and benefits, used to evaluate financial health.

Capital Expenditure

Resources utilized by an organization for the purpose of purchasing, improving, and preserving tangible assets like land, factories, or machinery.

Cash Flow

The sum of monetary movements into and from a business, critically defining its liquid cash assets.

Common Stockholders

Individuals or entities that own shares of common stock in a corporation, giving them rights to dividends and voting in shareholder meetings.