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--- en:production-function-example [2018/07/23 07:49]
federico
+++ en:production-function-example [2018/07/23 07:59] (current)
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+===== Example 6: Perfect Substitutes Production Function =====
+In the Perfect Substitutes Production Function, one input can be substituted for another without any effect in the quantity produced.
+Example:
+Q = aL + aK
+If we increase L by 10 and at the same time, we decrease K by 10, the output will be the same.
+{{:en:perfect-substitutes-production-function.png?nolink|}}