Behavior of Production Factors when Changing their Price for a Cobb-Douglas Production Function

Authors

  • Catalin Ioan Danubius University of Galati

Keywords:

production function; Cobb-Douglas; total cost

Abstract

The paper deals with the behavior of the factors of production when changing their price as well as the total cost for a Cobb-Douglas production function.

Author Biography

Catalin Ioan, Danubius University of Galati

Department of Economics

References

Chiang A.C. (1984), Fundamental Methods of Mathematical Economics, McGraw-Hill Inc.

Harrison M., Waldron P. (2011), Mathematics for Economics and Finance, Routledge

Ioan C.A., Ioan G. (2011), The Extreme of a Function Subject to Restraint Conditions, Acta Oeconomica Danubius, 7, 3, pp. 203-207

Ioan C.A., Ioan G. (2012), On the General Theory of Production Functions, Acta Universitatis Danubius, Oeconomica, nr.5, vol.8, ISSN 2065-0175, pp.223-236, 2012

Simon C.P., Blume L.E. (2010), Mathematics for Economists, W.W.Norton&Company

Stancu S. (2006), Microeconomics, Ed. Economica, Bucharest

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Published

2021-06-30

Issue

Section

Performance and Risks in the European Economy