function elasticity
1Elasticity of substitution — is the elasticity of the ratio of two inputs to a production (or utility) function with respect to the ratio of their marginal products (or utilities). It measures the curvature of an isoquant.Mathematical definitionLet the utility over… …
2Elasticity — may refer to:*Elasticity (physics), continuum mechanics of bodies which deform reversibly under stressVarious uses are derived from this physical sense of the term, especially in economics:*Elasticity (economics), a general term for a ratio of… …
3Elasticity of complementarity — (Hamermesh, 1993) is the percentage responsiveness of relative factor prices to a 1 percent change in relative inputs.Mathematical definitionGiven the production function f(x 1,x 2) then the elasticity of complementarity is defined as: c = frac… …
4Elasticity (economics) — Economics …
5elasticity — /i la stis i tee, ee la stis /, n. 1. the state or quality of being elastic. 2. flexibility; resilience; adaptability: a statement with a great elasticity of meaning. 3. buoyancy; ability to resist or overcome depression. 4. Physics. the property …
6Elasticity of a function — In mathematics, elasticity of a positive differentiable function f at point x is defined as:Ef(x) = frac{x}{f(x)}f (x) = frac{d log f(x)}{d log x}It is the ratio of the incremental change of the logarithm of a function with respect to an… …
7Constant elasticity of substitution — In economics, Constant elasticity of substitution (CES) is a property of some production functions and utility functions. More precisely, it refers to a particular type of aggregator function which combines two or more types of consumption, or… …
8Linear elasticity — Continuum mechanics …
9Cobb–Douglas production function — A two input Cobb–Douglas production function In economics, the Cobb–Douglas f form of production functions is widely used to represent the relationship of an output to inputs. Similar functions were originally used by Knut Wicksell (1851–1926),… …
10Price elasticity of demand — Not to be confused with Price elasticity of supply. PED is derived from the percentage change in quantity (%ΔQd) and percentage change in price (%ΔP). Price elasticity of demand (PED or Ed) is a measure used in economics to show the… …
