# Questions tagged [leontief]

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### how to derive marshallian demand functions from leontief preferences?

For only max or min problems, I understand we should proceed they are complements but for that type of function, how do we really get demand functions? should we graph but can this be done without a ...
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### Is the leontief utility function homogeneous of degree zero? And if that is true, how can that be prove? [closed]

I have not been able to find a mathematical prove is such statement.
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### Question for general equilibrium

On the production economy which have 3 good $x$, $y$, $l$ and $2$ consumers(called $1$ and $2$) and two firms(called $X$ and $Y$). Firm $1$ is owned by $1$ and produces only $x$ in function $x=2l$ and ...
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### Homogeneity of compensated demand for Leontief (perfect complements) function

In my assignment I have a Leontief (perfect complements) function u(x,y)=min(x,2y). Keeping utility fixed, we minimize the expenditure. Since we have a Leontief function, at a fixed level of utility u(...
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### Calculating Direct and Indirect Resource Use using Input Output Approach

I have been referring to Perman's book titled, "Natural Resource and Environmental Economics" for economy wide environmental modelling. In Chapter 8, Section 8.2 pg.257-259; it talks about ...
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### How to get from a CES production function with inverse elasticity on weights to the special cases Cobb-Douglas & Leontief

I am dealing with a CES production function, and I have attempted some of the "traditional" ways to derive the Cobb-Douglas (logs & l'Hôpital) but I am not sure how to deal with the ...
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### Leontief function marginal product of labor/capital

Find marginal product of labor of a Leontief production function. For example, $$f(L, K) = min\{\frac{L}{a}, \frac{K}{b}\}$$ MY ATTEMPT Now as I understand it the marginal product of labor, $MP_L$ ...
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### Leontief preferences and 2nd welfare theorem

Does the 2nd welfare theorem hold with Leontief preferences? If not, which of the assumptions does not hold?
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In most Microeconomics textbooks it is mentioned that the Constant Elasticity of Substitution (CES) production function, $$Q=\gamma[a K^{-\rho} +(1-a) L^{-\rho} ]^{-\frac{1}{\rho}}$$ (where the ...