171 10 the cobb douglas production function this chapter describes in detail the most famous of all production functions used to represent production processes both in and out of agriculture ...
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...The cobb douglas production function this chapter describes in detail most famous of all functions used to represent processes both and out agriculture first an empirical study dealing with productivity capital labor united states has been widely agricultural studies because its simplicity however is not adequate numerical representation neoclassical three stage one key characteristics a type that specific corresponding dual cost can be derived by making use order optimization conditions along expansion path examples constrained output or revenue maximization problems using are included terms definitions true base logarithm e technology parameter homogeneity partial elasticities coefficient total elasticity asymptotic isoquants dimensional surface duality finite solution economics introduction paper describing was published journal american economic review original article dealt early effort estimate comparative versus within since publication term refer nearly any simple multiplicativ...