The Cobb-Douglas utility function has the form u(x, y) = x a y 1 – a for 0 < a < 1. Figure 10 shows combinations of commodities X and Y that result in the utility level u(x, y) = 6 for the Cobb-Douglas utility function u(x, y) = x Read more…
We’ve shown that the Cobb–Douglas function gives diminishing returns to both labor and capital when each factor is varied in isolation. But what happens if we change both K and N in the same proportion? So if we scale both inputs by a common factor, the effect is to scale Read more…
Y = total production (the real value of all goods produced in a year or 365.25 days) L = labour input (person-hours worked in a year or 365.25 days) K = capital input (a measure of all machinery, equipment, and buildings; the value of capital input divided by the price Read more…
How to Get on a Horse Without a Mounting Block Check your girth. Lower your stirrup. Ensure your horse is standing square. Stand close to your horse. Gather the reins in your left hand. Keep the reins steady. Prepare. One bounce and up. Do you have to use mounting block? Read more…
Bacterial meningitis doesn’t tend to be a contagious disease, no. Can you get meningitis from a horse? We report a case of group C streptococcal meningitis in a woman with a history of close animal contact as well as head trauma as a result of a kick by a horse. Read more…
Dogs Rolling in Poop May be Using Camouflage Like their predecessors, pet dogs may roll in poop and other unpleasant-smelling material in order to mask their own scent. Wolves, especially, would not want a potential prey animal such as a deer to be able to smell them coming. Why did Read more…
degree one. One the most widely used homogenous production functions is the Cobb-Douglas production function here the function is homogenous of degree one and the MPs of X1 and X2 are homogenous of degree zero; i. e., they remain unchanged for proportionate changes of both inputs. Is Cobb-Douglas production function Read more…
The best girth for a horse with ulcers is one that is soft, padded, and has a large contact area (think fat and fluffy). A wider area to distribute the pressure tends to make wearing a girth more comfortable. Extra padding has a similar effect. Look for materials like mohair Read more…
In hand walking As simple as it seems, taking your horse for a walk in hand when you can’t take them for a ride is a great way to give both you and your horse exercise. Not only does your horse get some exercise. It is also a great way Read more…
Lunging or long reining. You shouldn’t lunge five times a week or for longer than 20-30 minutes depending on your horse and their current fitness level, but done correctly, lunging once or twice a week can be a very useful tool in developing fitness. If your horse is out of Read more…