Gamomsoninuuu Cobb Douglas

Q FCK L AKIP Romserfornfoiogli

Tauri A L B iTuntingartinidnhmnndrajard orig Kun Llooks Q 5ka4L b down'dI

1 0 Q O

qminwootoos Cobb Douglas production function

1 Marginal Product CMP DrinJwoon

Mpk 2 702K

Mpc 2 702L

lots Q Akte BMpk AdKd LP 7 O o A L B 70

e Law of Diminishing returns2 ICMPK L O2 2 2K

22A 2CMpc L 0212 2L

MPK ALKd l B

n'newnhi d 0.4 13 0.6 A 5MPK 2kt b o b

Naround 2 mph 1.2kab f b

TK g 2K bLab L O

3 220 2CMR O222K 2K

22A 2 Mpr 7 O2k2L 2L

mslhtgnfoo08hnuhfgg.gr'DWenk MPqogdiooonfnnin.NET

4 Cobb Douglas production functionDrinomoos Homogenous function in'Ddegree inland 2 13

Q AKIPLtp 1 Nikos CRTs24 3 21 a.TW DRTS

d 113 71 aBu IRTS

lots Q gko4L0.6QIfCtkfL7g ky04CfLyo.b

to 4 tab gko4 06

Q1 fl gko4 0.6

a t Q CRTS

Hodo L 0.4 HR 13 0.6

I 113 CRTS

5 Cobb Douglas production function IsoguantaB slope iTunes 110 convex to origin

KNegative slope

djk L 0 omoto MRTS

Q AKdeB Gotake total diff

3 dk t de o

AdKd LPIdk t AkdpLP all 0

dkDT

AK43LP IAL LB

dk park MRTS45dL LL

among diatomsfor a infantryunit otesoomAE kPI unitLL

Convex to originDIK 70dL2

dkDT PI

LL

d2k Pcp 127K 70did 22 2

b AP MP orimonnomodulisquoo capital labor ratio k

an Q A KIP Inari d 113 1

i p a z L

Q Ak1

capital labor ratio kfat I

L

an Production function

APK I Akdy AtALKY

k

APL q Ak tALKI AChild

L

MPK 2 LAKd L d LA fatyd I

2K

MPL 2,02 g d Akai'd C 2 A Lt d