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en:production-function [2013/10/23 15:03]
200.123.219.188 [Production Function]
en:production-function [2015/03/26 11:48]
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-====== Production Function ====== 
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-Relationship between the output and the combination of factors used to obtain it, in an economic activity. ​ 
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-====== Production Function Examples===== ​ 
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-//During all the examples, Q is the output quantity per time period and L and K are the inputs quantities per time period.// ​ 
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-==== Linear ==== 
-''​Q=aL''​ 
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-===== Diminishing Returns ===== 
-''​Q=aL<​sup>​b</​sup>​ 0<​b<​1''​ 
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-===== Cobb Douglas ===== 
-''​Q=aL<​sup>​b</​sup>​K<​sup>​b</​sup>''​ 
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-See more about the [[Cobb-Douglas production function]]. 
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-===== Perfect Substitutes ===== 
-''​Q=aL+bK''​ 
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-===== Fixed Proportions ===== 
-''​Q=min{aL,​bK}''​ 
  
en/production-function.txt · Last modified: 2015/03/26 11:48 (external edit)