'Cobb douglas production function' diaporamas de présentation

Nonlinear Regression Models

4.17k views • 139 slides

Chapter Eighteen

Chapter Eighteen. Technology. Technologies. A technology is a process by which inputs are converted to an output. E.g. labor, a computer, a projector, electricity, and software are being combined to produce this lecture. Technologies.

1.37k views • 127 slides

Chapter Eighteen

Chapter Eighteen. Technology. Technologies. A technology is a process by which inputs are converted to an output. E.g. labor, a computer, a projector, electricity, and software are being combined to produce this lecture. Technologies.

1.27k views • 127 slides

PARTIAL DERIVATIVES

14. PARTIAL DERIVATIVES. PARTIAL DERIVATIVES. So far, we have dealt with the calculus of functions of a single variable. However, in the real world, physical quantities often depend on two or more variables. PARTIAL DERIVATIVES. So, in this chapter, we:

1.45k views • 116 slides

PARTIAL DERIVATIVES

15. PARTIAL DERIVATIVES. PARTIAL DERIVATIVES. So far, we have dealt with the calculus of functions of a single variable. However, in the real world, physical quantities often depend on two or more variables. PARTIAL DERIVATIVES. So, in this chapter, we:

4.61k views • 116 slides

Efficiency and Productivity Measurement: Stochastic Frontier Analysis

Efficiency and Productivity Measurement: Stochastic Frontier Analysis. D.S. Prasada Rao School of Economics The University of Queensland, Australia. Stochastic Frontier Analysis. It is a parametric technique that uses standard production function methodology.

894 views • 45 slides

Chapter 1 Production

Chapter 1 Production. Outline. The input-output relationship: the production function Production in the short term Production in the long term. Production. Production = any activity that creates present or future utility Production transforms inputs into outputs

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National Income in the Long Run : Where it Comes From and Where it Goes (edited by L. Lamb, 2011)

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Who Wants to be an Economist? Part II

Who Wants to be an Economist? Part II. Disclaimer: questions in the exam will not have this kind of multiple choice format. The type of exercises in the exam will look like the ones in the Practice Exam. Question #1.

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Production Function

441 views • 25 slides

Chapter 2: Basic Economics Tools

Chapter 2: Basic Economics Tools. Scarcity Supply and Demand Consumer Theory Production Theory. Scarcity. A society must decide how to use its limited resources to meet unlimited wants. Production Possibilities Frontier Shows unattainable, inefficient, and efficient points of production.

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The Organization of Production

The Organization of Production. Inputs Labor, Capital, Land Fixed Inputs Variable Inputs Short Run At least one input is fixed Long Run All inputs are variable. Production Function With Two Inputs. Q = f(L, K). Production Function With Two Inputs. Discrete Production Surface.

912 views • 21 slides

Efficiency Measurement

William Greene Stern School of Business New York University. Efficiency Measurement. Session 2. Frontier Functions. Deterministic Frontier: Programming Estimators. Estimating Inefficiency. Statistical Problems with Programming Estimators. They do correspond to MLEs.

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Managerial Economics & Business Strategy

Managerial Economics & Business Strategy. Chapter 4 The Theory of Individual Behavior. Labor-Leisure Choices. What do I have to do to get you to give up some of your leisure? Compensate you Overtime Extra credit 24 hours in a day to split up between work and leisure

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Theory and estimation of production

Theory and estimation of production. Ch apter 6. The production function. In economics and in business as in GF case, the analysis of cost begins with the study of production function.

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Computational Modeling of Macroeconomics

Computational Modeling of Macroeconomics. Adam Szatrowski '12 Stephen Sentoff ' 11. Introduction. Goals Lack of literature Humble roots Prototype economy. Our Concept. Firms and Households Observe the interactions, recording prices and quantities Observe key economic variables

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Chapter 3 - Witte

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Cobb Douglas: Capital and Labor Shares in the United States

Cobb Douglas: Capital and Labor Shares in the United States. Xavier Sala-i-Martin Columbia University. The COBB-DOUGLAS Production Function.

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Problem 7.4 and 7.7

7.4 Suppose that the hourly output of chili at a barbecue (q, measured in pounds) is characterized by where K is the number of large pots used each hour and L is the number of worker hours employed. Graph the q=2,000 pounds per hour isoquant.

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Cobb – Douglas Production Function: Y = K a L (1-a) a < 1, say a = kapital share of Y = 1/3

Cobb – Douglas Production Function: Y = K a L (1-a) a < 1, say a = kapital share of Y = 1/3. Show constant returns to scale: Double both inputs  Double outputs Show decreasing returns to capital: Double capital but leave labor constant  dY/dK=? Show decreasing returns to labor:

309 views • 2 slides