Define and explain the concept of elasticity of technical substitution. Show graphically that the…


Define and interpret the concept of elasticity of technical superabundance. Show graphically that the elasticity of technical superabundance is unanalogous on any two points on an isoquant. Why does elasticity of technical superabundance qualify along the isoquant? How are the laws of produce to flake unanalogous from the laws of wavering proportions? What are the factors that agent increasing and decreasing produce to flake?