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What are the production elasticities of demand for labor

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Reference no: EM13209554

The following Cobb-Douglas production function is used to describe the output generated by a local government maintenance agency.
Q = fL?1K?2E?3
Where L represents number of worker hours, K represents number of trucks used, and E represents energy used. Statistical estimated generated the following values for f, f1, f2, and f3.
f = 0.01; f1 = 0.5, f2 = 0.4, and f3 = 0.2

What are the production elasticities of demand for labor, capital (trucks) and energy?

Reference no: EM13209554

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