Leontief Production function , Fixed Proportion Production function #Leontif

In economics, the Leontief production function or fixed proportions production function is a production function that implies the factors of production will be used in fixed proportions, as there is zero or no substitutability between factors. It was named after Wassily Leontief and represents a limiting case of the constant elasticity of substitution production function. let's take an example of a good that is produced with two inputs, the function is of the form q = min{ Z1 /a, Z2/ b} where q is the quantity of output produced, z1 and z2 are the utilised quantities of input 1 and input 2 respectively, and a and b are technologically determined constants This video will help you to crack any Competitive exam for Economics like UGC NTA NET ECONOMICS, GATE ECONOMICS, UPSC , Delhi School of Economics, MA ENTRANCE ECONOMICS JAM ECONOMICS Check our playlist Algebra in Economics https://youtube.com/playlist?list=PLoJnMTDIbYhvpsJ99b4Nxmu3b5xUN7pfG GATE ECONOMICS https://youtube.com/playlist?list=PLoJnMTDIbYhswtFHC5CaaII3XoORmduMa Mathematical Economics https://youtube.com/playlist?list=PLoJnMTDIbYhtHNOr92jalC0kimJCxqpd5 Integration in ECONOMICS https://youtube.com/playlist?list=PLoJnMTDIbYhubivZ-izIO3jcyD-IYMv0Q Matrix Algebra in Economics https://youtube.com/playlist?list=PLoJnMTDIbYhvpsJ99b4Nxmu3b5xUN7pfG GRAPHING IN ECONOMICS https://youtube.com/playlist?list=PLoJnMTDIbYhvIqWQkTo3Zc2Bbr5-q0m3I Microeconomics https://youtube.com/playlist?list=PLoJnMTDIbYhv2J3KIbUQwEaFAFm-l_cMy Comparative Statics in Economics https://youtube.com/playlist?list=PLoJnMTDIbYhu77zSB02FlWchC9BEwrxtE INPUT OUTPUT MODEL https://youtube.com/playlist?list=PLoJnMTDIbYhuxbcTjmHBt85G6mXUH3yG3 IS-LM MODEL https://youtube.com/playlist?list=PLoJnMTDIbYhtYR3ZMEVfvqa5ve_Te7Ykl You can Join On Facebook https://www.facebook.com/profile.php?id=100028159118237 Facebook page https://www.facebook.com/ECONMATHSS/ On Telegram https://t.me/Hilal885 #MathematicalEconomics #JAMECONOMICS #ImportantQuestionsInEconomics #MAEntranceEconomics #GateEconomics #QuantitativeEconomics #EconMath #GATEEconomics #NETEconomics #DSU #KU