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en:production-function-example [2018/07/23 07:49]
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. ​
 +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/production-function-example.txt · Last modified: 2018/07/23 07:59 by federico