cobb-douglas

2 года назад

This Economics in Many Lessons video uses a Cobb-Douglas production function to solve a multi-part test question. It demonstrates calculating average and marginal products of labor, applying calculus. The example then explores profit maximization by adjusting labor units.

3 года назад

ECON MATHS demonstrates how to determine returns to scale using a Cobb-Douglas production function. The tutorial explains the process of increasing labor and capital inputs by a factor and analyzing the resulting output. A shortcut formula is also provided.