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This still isn,'t all that helpful- let's try a separable production function YK, Lp=ak+ bLk 里=" PALK? L PbKYK? 1pLK?2 LPbKYK? 1PL K?2 K? Well-that isnt all that interesting. It certainly tells us that the unimportance result can be general(Hicks point)This still isn’t all that helpful– let’s try a separable production function: fÝK,LÞ = aKJ + bLK W L /L /W = W L 1 PbKÝK ? 1ÞL K?2 = PbKL K?1 LPbKÝK ? 1ÞL K?2 = 1 K ? 1 Well– that isn’t all that interesting. It certainly tells us that the unimportance result can be general (Hicks’ point)
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