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Thesis (Ph.D) - Purdue University, 1969.
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Download A study of the Cobb-Douglas production function for an economy and its implications
The Cobb-Douglas production function reflects the relationships between its inputs - namely physical capital and labor - and the amount of output produced. It's. Wh en app lying the Cobb-Douglas production function, DFHH as wel l as Giorno et al. () and others assume the parameter Į (an d, h en ce, ȕ) to be constant over time.
Use mathematical analysis to show that the Cobb-Douglas production function is consistent with the law of diminishing returns in the short run.
Assume that capital is the variable input. Cobb-Douglas Production Function. 31 Cobb-Douglas Production Function: The Case of Poland ’ s Economy Equations () and () imply that the Cobb Douglas technology is mono.
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