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Q: What is the Cobb Douglas production function?
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What is the Cobb-Douglas function?

In economics, the Cobb-Douglas production function is a particular functional form of the production function, widely used to represent the technological relationship between the amounts of two or more inputs, particularly physical capital and labor, and the amount of output that can be produced by those inputs.


What would NOT increase gross domestic product?

In most economic theory, the basic production function (or GDP) is represented by a Cobb-Douglas function (Y = KaALB). Where: Y = GDP K = the capital stock L = labour supply A = level of technology a and B = proportion of capital and labour usage in production Following this basic formula, anything that does not affect the level of capital production, labour supply, or technology would not affect production.


What has the author Cheryl Anne Cobb written?

Cheryl Anne Cobb has written: 'Water relations and the root regeneration response of Douglas-fir' -- subject(s): Douglas fir


What is the production function and types of production function?

production function is relation between firm's production and material factors of production


What is short run production function?

if at-least one factor of production is constant, production function is infact short-run production function


What are the production function of Mc Donalds?

what is mcdonalds production function


What sources shift production function?

s shift in production function


What is the use of production function?

In microeconomics, a production function asserts that the maximum output of a technologically determined production process is a mathematical production of input factors of production.


What is the managerial use of production function?

In microeconomics, a production function asserts that the maximum output of a technologically determined production process is a mathematical production of input factors of production.


How does one figure the production function of their company?

One would have to figure out the production function of their company pretty early on. The production involves the things they make, and the function is what the product does.


How do you derive a cost function for a production function?

derive cost function from production function mathematically, usually done by utilizing mathematical optimization methods.


What is homogeneous and non homogeneous production function?

difference between homogeneous and non homogeneous production function