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日期:2024-05-13
A production function, such as the CES (Constant Elasticity of Substitution) production function, can be used to model how a firm combines inputs to produce outputs; other production functions include the Cobb-Douglas, Translog, and Diewert (Generalized ....
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日期:2024-05-13
2014年9月18日 - of production, Q, for a given amount of inputs L and K. (analogous to utility function in consumer choice theory). Example… This graph ......
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日期:2024-05-15
The simplest possible production function is a linear production function with labor alone as an input. For example, if one worker can produce 500 pizzas in a ......
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日期:2024-05-08
Home Syllabus Homework Notes Announcements Links Economics 301 Intermediate Macroeconomics Production Function Winter 2000 Last updated: January 25, 2000 Note: These notes are preliminary and incomplete and they are not guaranteed to be ......
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日期:2024-05-11
The production function can also be illustrated in a graph such as that below. This graph looks exactly like a graph of indifference curves because the mathematical forms of the production function and the utility function are identical. In one case, inpu...
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日期:2024-05-08
Because it has two inputs, the long-run production function is a bit more challenging to draw. One mathematical solution would be to construct a three-dimensional graph, but that is actually more complicated than is necessary. Instead, economists visualiz...
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日期:2024-05-10
production function Definition A mathematical equation or graph that shows the relationship between physical inputs and physical outputs for a business. The production function for a business typically focuses on the physical and so does not take into acc...
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日期:2024-05-08
Interactive applet visualizing a three-dimensional graph of the Cobb-Douglas production function ... auf Deutsch en Español interactive macro The Cobb-Douglas production function Copyright 1997-2009, Manfred Gärtner. All rights reserved....