show that the cost function for a firm with the constant returns Cobb-Douglas production function y=Az1αz21−α is given b
Posted: Mon Apr 18, 2022 9:15 am
show that the cost function for a firm with the constant returns
Cobb-Douglas production function y=Az1αz21−α is
given by C(p,y)=yp1αp21−αB ,
where B is a function of A and α only. Derive
the conditional input demands.
Cobb-Douglas production function y=Az1αz21−α is
given by C(p,y)=yp1αp21−αB ,
where B is a function of A and α only. Derive
the conditional input demands.