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The Complete Theory of Cobb-Douglas Production Function

Author

Listed:
  • Catalin Angelo Ioan

    (Danubius University of Galati)

  • Gina Ioan

    (Danubius University of Galati)

Abstract

The paper treats various aspects concerning the Cobb-Douglas production function. On the one hand were highlighted conditions for the existence of the Cobb-Douglas function. Also were calculated the main indicators of it and short and long-term costs. It has also been studied the dependence of long-term cost of the parameters of the production function. The determination of profit was made both for perfect competition market and maximizes its conditions. Also we have studied the effects of Hicks and Slutsky and the production efficiency problem.

Suggested Citation

  • Catalin Angelo Ioan & Gina Ioan, 2015. "The Complete Theory of Cobb-Douglas Production Function," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 11(1), pages 74-114, February.
    • Handle: RePEc:dug:actaec:y:2015:i:1:p:74-114
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    File URL: http://journals.univ-danubius.ro/index.php/oeconomica/article/view/2693/2360
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    References listed on IDEAS

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    Cited by:

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    2. Husam Wahdan & Zeng Rui Tian, 2022. "Assessing the Efficiency of Venture Capital Functioning in the Transforming Economy in UAE and China by a Mathematical Model," SAGE Open, , vol. 12(1), pages 21582440211, January.

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