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Cobb – Douglas Production Function - SlideServe

Cobb – Douglas Production Function - SlideServe

Cobb – Douglas Production Function. Production Function. A production function describes a mapping from quantities of inputs to quantities of an output as generated by a production process.

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Cobb Douglas Explained

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Suppose that the production function is Cobb-Douglas. (a) Find expressions for k^*, y^*, and c^* as functions of the parameters of the model, s, n, δ, g, and α(b) What is the golden-rule value of k ? (c) What saving rate is needed to yield the golden-rule capital stock? | Numerade

Suppose that the production function is Cobb-Douglas. (a) Find expressions for k^*, y^*, and c^* as functions of the parameters of the model, s, n, δ, g, and α(b) What is the golden-rule value of k ? (c) What saving rate is needed to yield the golden-rule capital stock? | Numerade

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