Generalized Cobb-Douglas function forthreeinputsand linear elasticity
Gina Ioan · 2014
The article deals withfunction of three factorswithconstantscalereturn whereeachelasticityoftwo of thefactorsisa function ofdegree. After the examination ofparametersconditionsaccording to the axioms of the productionfunctions, there are computed the main indicators.Also,the combination offactorsisdeterminedin order to maximizethe totaloutputunder agivencost.