Cob

The Cobb Douglas production function {Q(L, K)=A(L^b)K^a}, exhibits the three types of returns: If a+b>1, there are increasing returns to scale. For a+b=1, we get constant returns to scale. If a+b

Shortly afterwards, Douglas went into politics and was stricken by ill health—resulting in little further development on his side. However, two decades later, his production function was widely used, being adopted by economists such as Paul Samuelson and Robert Solow. What is a in Cobb-Douglas production function? Cobb-Douglas functions express Read more…

The Cobb-Douglas is homogeneous of degree  = (+ ). Is Cobb-Douglas homogenous? The Cobb-Douglas is homogeneous of degree  = (+ ). Is the Cobb-Douglas production function homogeneous if so of what degree? Two such examples are the following: The second example is known as the Cobb-Douglas production function. Read more…

the CES function displays constant returns to scale. What is Cobb-Douglas and constant elasticity of substitution? The Cobb-Douglas production function: The derivative of log X1/X2 with respect to log b2X1/b1X2 is b1, which will always be unity. Therefore there is a need to follow other production function. One such type Read more…

Now, let us apply a monotonically increasing transformation to G – the exponential function: exp{G(x,y)} = Axayb = F(x,y). Thus, we can write any such Cobb-Douglas function as a monotonic transformation of a concave (also Cobb-Douglas) function, which proves that the function is quasiconcave. Is Cobb-Douglas production function concave or Read more…

The Cobb-Douglas provides a halfway between the perfect complements and perfect substitutes. It shows the neutral good, which represents the horizontal axis to demand quantity of the goods. The indifference curve also shows the horizontal lines. It would be quasilinear in the substitution of the goods. How do you know Read more…

In addition to uncontrolled dietary intake, corncob bedding has been associated with decreased time spent in slow-wave sleep, presumably because of decreased comfort4 in rats. These findings prompt the concern that corncob bedding might also alter activity status, a parameter affects intended weight gain. Can mice use corn cob bedding? Read more…

What are the best teas to drink for a sore throat? Slippery elm tea. Slippery elm is an herb that’s been used as a natural remedy for centuries. Licorice root tea. Horehound tea. Chamomile tea. Turmeric tea. Green tea. Combination teas. What drink is good for a cobblestone throat? Drink Read more…

Pharyngitis or Sore Throat Cobblestone throat can be due to pharyngitis, a condition that causes the throat to become irritated and swollen commonly known as a sore throat. Viral and bacterial infections like cold or flu are the main culprits behind pharyngitis although it can be caused due to other Read more…

Cobblestones are river rocks (highly durable stones, usually made of basalt or granite) that were often used to pave streets in ancient times. Nowadays, you can use cobblestones to create unique landscaping features. What rock is used for cobblestone? In geology, cobble or cobblestone is the word for a rock Read more…