If output is produced according to Q 30L 12K then the outp

If output is produced according to Q = 30L + 12K, then the output elasticity is?

Solution

Q=30L+12K

This is a linear production function.It is homogeneous of degree one.

Since, the sum of output elasticity of inputs L and K equals the degree of homogeneity.

Hence elasticity of output is one.