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59. IEA: Cobb-Douglas production function as a special case of CES production function
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The video demonstrates that Cobb-Douglas production function is a special case of CES production function with substitution parameter approaching zero. The demonstration utilizes L'Hôpital's rule.
59. IEA: Cobb-Douglas production function as a special case of CES production function
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58. IEA: CES production function
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