9. Q = L2 K. Calculate the elasticity of substitution
Q = L2K
Elasticity of substitution ("\\alpha") = "\\frac{percentage change in K\/L}{percentage change in MRTS}"
% change in K/L: = "{dIn(K\/L)}"
MRTS: ="\\frac{MPL}{MPK}"
="\\frac{LK}{L^{2}}"
= "\\frac{K}{L}"
"\\alpha" = "\\frac{dIn(K\/L)}{dIn(K\/L)}"
"\\alpha" = 1
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