Carl-Axel Olsson
Abstract
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Some form of production function for empirical measurement has become more and more common during recent decades to obtain increased knowledge about the production process in an industry or an industrial sector. The Cobb-Douglas function is very useful in this connexion. Its original form had the following appearance
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Some form of production function for empirical measurement has become more and more common during recent decades to obtain increased knowledge about the production process in an industry or an industrial sector. The Cobb-Douglas function is very useful in this connexion. Its original form had the following appearance
Key concepts: Cobb–Douglas production function, CobB, Production (economics), Function (biology), Economics, Classical economics, Mathematical economics, Microeconomics