Given the production function Y=(lp +kp)1/p, what is the technical rate of substitution, the elasticity of substitution, and the returns to scale when p =0.5

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
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ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
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Chapter7: Production Economics
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Given the production function Y=(lp +kp)1/p, what is the technical rate of substitution, the elasticity of substitution, and the returns to scale when p =0.5

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