Production function/Tutorials: Difference between revisions

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[[Cobb-Douglas production function]]: Y&nbsp;=&nbsp;A&nbsp;×&nbsp;C<sup>a</sup>&nbsp;×&nbsp;L<sup>b</sup>, where Y stands for yield, C for capital, L for labour, and A, a and b are constants that can be interpreted as A for technology level and a and b for the production elasticities.

Revision as of 05:33, 30 August 2008

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https://en.citizendium.org/wiki/index.php?title=Production_function/Tutorials&printable=yes
Tutorials relating to the topic of Production function.

Cobb-Douglas production function: Y = A × Ca × Lb, where Y stands for yield, C for capital, L for labour, and A, a and b are constants that can be interpreted as A for technology level and a and b for the production elasticities.

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