Use shephards lemma to compute the constant output demand, Econometrics

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Use shephards lemma to compute the constant output demand

Suppose the total-cost function for a firm is given by C = qw2/3v1/3.

a) Use Shephard's lemma to compute the constant output demand functions for inputs l and k.

b) Use your results from part (a) to calculate the underlying production function for q.

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Econometrics: Use shephards lemma to compute the constant output demand

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Econometrics: Use shephards lemma to compute the constant output demand

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